TRADE-IN vs PRIVATE SALE?

[PowderHound]

Sold my 2022.5 4DR WT 3.0 back to dealer two weeks ago with 8k miles for $5k more than I paid. It did have some Method Wheels and a lockable cargo box in the back though. Figure with registration fees and whatnot I ended losing about $3k (or paying $375 p/m to drive the shit out of a new bronco)

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[BurtMacklin]

Not all states have trade-in Tax Credit so research your state before assuming that.

It’s just a math problem. See what the dealer will give, figure out tax credit, then weigh that against a private sale.

I’ve always sold my vehicles privately; it is always a hassle dealing with scammers and tire kickers…but the cash difference has been worth it.

NY does have the trade-in tax credit, and I have sold classics privately but never a newer car... I think I'll be dealing with a much different clientele. Guess I could always put it out there and see what happens. Thanks!

 

[WheresMyCar]

CarMax gave me a higher price than Carvana for my Audi. Not trying to sell my Bronco. I ended up keeping both. Dealership offered me a laughable low offer for my Audi.
Yes, if you can swing it, trade it in at a good price and reduce your taxes on the new Bronco.
In LA they would only tax you the difference, after you apply the trade in.

 

[PartsForBlue]

because of the demand it'll probably sell faster and with less hassle

There is no demand in the used market for this.

Why would anyone pay over or even near sticker for a used vehicle that they can get brand new anywhere?

 

[5PC24]

You can count on your trade in value being lower in the future than it is today. Soft top Bronco's are easier and easier to find on dealer lots at MSRP. Unless you have Badlands or Wildtrak with Sasquatch/Lux/HardTop, they're not getting as much as they used to. For trade in, I wouldn't expect dealer to give any extra amount for the mods.

If you want to maximize value I'd get it listed privately now and try to sell it before prices drop more. With your new one not even built yet a dealer won't give any price estimate as things will change too much in two weeks, much less 2 months or more.

 

[timhood]

It surprises me to say this but give Car_ax a visit.

3 hours does sound painful.
I was admittedly shocked by their offer. It was 3.5k higher than Car_ana.

What's with the underscores in the names? It's not a trademark violation to spell it out. Or did I miss the memo?

 

[Diydner]

I am in the process of figuring this all out myself as well. In fact, I am at a dealership as we speak getting a quote for mine.

I have an OBX w/Sas, lux, and leather. What I am noticing is that most of the big box dealerships (carmax/carvana) don’t even ask about the extra features. So I would get MUCH lower quotes from them since they think it’s just a base OBX.

may have to just sell it private party. Lets see

 

[JPNC]

I sold my car to AutoNation. They paid me $8k while Carmax offered $5k.

 

[Neigh]

What I am noticing is that most of the big box dealerships (carmax/carvana) don’t even ask about the extra features.

Not sure what you're looking at, but both do let you select extra features when doing an online appraisal.

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