Any tips/advice for selling a used car?

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KBB and NADA don't buy or sell cars, and they are notoriously inaccurate. Dealers don't use them, only the banks and insurance companies really do these days. Go to Autotrader.com and Cars.com. Do a 500 mile advanced search for cars identical to yours (but don't enter the color). Price your car at least $500 lower than any comparable car you find advertised by a dealer. Color DOES make a difference. The less popular colors will not bring as much. If your car is purple or green or red or maroon or gold, price it lower. Price the car fairly and then STAY FIRM! Don't worry, the dealers that price their cars on the lower end of the spectrum won't discount their cars either. You might also want to consider advertising on Cars.com and AutoTrader. They are quite cheap and you will get to a MUCH larger audience of potential buyers!

Preparation and presentation are ULTRA important!
1. If the bumpers are marred, have them repainted. You can get them done for $150 to $200 each.
2. Pay to have the car professionally detailed inside and out. This includes having the car buffed. You can have this done for between $100 and $200, depending on how much work needs to be done. Have them recondition the headlamps if they are foggy.
3. If the car is a dark color and has a few unsightly dings or small dents, have them removed by a good paintless dent repair man. It isn't very expensive and makes all the difference in the world on a dark colored car.
4. Touch up all of the paint chips.
5. Spray black primer or undercoat on the areas under the car that show surface rust. The buyer WILL be looking under the car!
6. Fix/replace anything that is broken and can be done for a reasonable price (like door handles, visors, interior trim pieces, etc).
7. If a couple of the tires are badly worn, replace them. You don't need to get fancy here. The cheapest ones you can find that are the right size will be fine. Don't pay for lifetime balancing and road hazard! If you have mismatched tires on the car, replace whichever ones you have to so that you have NO MORE than two different brands/models of tires on the car.
8. If the brake pads are badly worn, replace them. Again, you don't need to get fancy here and you don't need to have a complete brake job done. Just replace the pads with inexpensive ones, don't turn the rotors or do anything else, just make sure to bleed the brakes when you are done.

Remember, you will be competing with dealers, some of whom will do many (if not all) of these things. If you want to win the battle, you will too. If you don't do the above, you will need to price the car lower to compensate. Remember the old saying, sometimes you have to spend money to make money.
 
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^ I'd take the loss and trade it in vs all of that!

and I'm quite frugal!


Its a 5 year old Altima - $15k screams too much to me. I could cross-shop a brand new Accent with a warranty. Add a couple more $k and Focus, etc.
Its a bummer you want to get rid of it b/c you kept it in great shape. It costs $$ to always have a new car, though.
Immaculate condition doesn't guarantee higher $ when selling. It guarantees that yours will sell over a car priced the same.
 
Originally Posted By: surfstar
I could cross-shop a brand new Accent with a warranty. Add a couple more $k and Focus, etc.

Accents and Focuses are not in the same league with Altimas. They are in entirely different leagues. New Altima coupes sell for $24k and up and are vastly superior to the above mentioned cars.
 
Originally Posted By: wag123
Originally Posted By: surfstar
I could cross-shop a brand new Accent with a warranty. Add a couple more $k and Focus, etc.

Accents and Focuses are not in the same league with Altimas. They are in entirely different leagues. New Altima coupes sell for $24k and up and are vastly superior to the above mentioned cars.


I agree, but its just $15k for a 2008 Nissan that does it to me. As someone else pointed out, you can get a used 350z or G35 coupe for that.
 
Originally Posted By: surfstar
I agree, but its just $15k for a 2008 Nissan that does it to me. As someone else pointed out, you can get a used 350z or G35 coupe for that.

A 2008 G35 or 350Z in good shape can't be bought for $15k or less unless it has a reconditioned title or a ton of miles on it (or both). In either case, the car probably can't be financed. If someone actually has one for under $15k with a good title and good miles it will almost certainly be a mop bucket.
 
As long as you love your used car more than a potential buyer who hasn't gotten to know it, it's not going to sell.
 
OP Update: Considering all the good thoughts/advice/information that you guys posted, I dropped the listing price down to $13850 and have had some nibbles, but they all wanted $11K. One buyer has come up to $12K and I'm trying to decide whether to take it, or whether to remain patient, wait for another buyer, and see if I can squeeze another $1000 - $1500 out of the sale.

One way I've looked at things is what my monthly cost of ownership has been. My calculation factors in purchase price and everything I've spent on maintenance. If I sell for $12K, the vehicle would have cost me $255/month during the 59 months that I've owned it. That doesn't seem too bad.
 
As long as you're getting $1k or more over the dealer trade in, you're coming out ahead for the new car purchase.

Since you're not in a rush and people may want a clean coupe for summer, hold out a bit longer and I bet that $12k buyer might come up to $12.5k if no one else does.
 
Originally Posted By: barlowc
OP Update: Considering all the good thoughts/advice/information that you guys posted, I dropped the listing price down to $13850 and have had some nibbles, but they all wanted $11K. One buyer has come up to $12K and I'm trying to decide whether to take it, or whether to remain patient, wait for another buyer, and see if I can squeeze another $1000 - $1500 out of the sale.

One way I've looked at things is what my monthly cost of ownership has been. My calculation factors in purchase price and everything I've spent on maintenance. If I sell for $12K, the vehicle would have cost me $255/month during the 59 months that I've owned it. That doesn't seem too bad.

Is $13800 a fair price for the car based on it's condition and compared to others like yours in the area?
If so, the $11000 to $12000 offers you are getting are ridiculous and they can't buy another car like yours for what they are offering. Pass on them and hang tough for a little while. Graduations are fast approaching and your car is perfect for this market. You are always going to find a few bargain hunters out there trying to steal a car. They hawk Craig's List looking for them and THEY are the early lookers. Some of them are people trying to buy a car that is above their budget, some of them are dealers masquerading as private parties, and some of them are trying to buy a car cheap enough that they can turn it around for a profit. You really shouldn't care about any of these motives, except when YOU are the one paying for it.
In addition to Craig's List, did you take my advice and advertise on AutoTrader and/or Cars.com? They are not expensive. When an interested buyer does a search, your car will display next to others like yours, and the potential buyer will see that your car is a good buy relative to other cars like yours on the market. This is a better approach to selling a car that is not a "CHEAP" car. Remember what I said, sometimes you have to spend money to make money.
 
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Originally Posted By: wag123
Is $13800 a fair price for the car based on it's condition and compared to others like yours in the area?

That's the million-dollar question I've been trying to determine. Kelly Blue Book has a spread from $13,000 - $15,300. Edmunds shows $12,400 - $13,200.

Originally Posted By: wag123
In addition to Craig's List, did you take my advice and advertise on AutoTrader and/or Cars.com?

I did, meaning I already had it listed on both of those. While I originally had it listed for $15K, I brought the listing down to $13,850.
 
Forget Kelly Blue Book, Edmunds, or NADA values. Remember what I told you, the books don't buy or sell cars, PEOPLE do! What are cars exactly like yours actually priced at on AutoTrader and Cars.com? You will NEVER sell your car if there cars just like yours advertised on AutoTrader and/or Cars.com priced for less.
 
Originally Posted By: wag123
Forget Kelly Blue Book, Edmunds, or NADA values. Remember what I told you, the books don't buy or sell cars, PEOPLE do! What are cars exactly like yours actually priced at on AutoTrader and Cars.com?

So I had done this too. Here's what I had found:

2009 55K $16,900
2008 31K $16,235
2009 32K $15,300
2009 30K $14,990
2008 15K $14,750
2008 47K $13,000
2008 72K $12,942
2008 88K $11,600
2008 116K $9495
 
So, how many miles are on your car? 4 or 6cyl? Automatic or manual? 2 or 4 door? Color? Model (S, SE, SL, etc)? Any special FACTORY options/equipment (like leather, moonroof, BOSE, navigation, sport package, etc)? Overall condition (BE REALISTIC, like if YOU were buying the car yourself)? Any damage?
 
Originally Posted By: wag123
So, how many miles are on your car? 4 or 6cyl? Automatic or manual? 2 or 4 door? Color? Model (S, SE, SL, etc)? Any special FACTORY options/equipment (like leather, moonroof, BOSE, navigation, sport package, etc)? Overall condition (BE REALISTIC, like if YOU were buying the car yourself)? Any damage?

All the details are specified in https://bobistheoilguy.com/forums/ubbthreads.php?ubb=showflat&Number=2964452.

The overall condition is excellent. The interior looks like new. The exterior paint finish is excellent, other than the front bumper which has 5 years' accumulation of stone chips which results in little white nicks/speckles. The hood has the occasional small paint chip from same.
 
Looking-up your car on AutoTrader and Cars.com, I would say that your car is still a little high at $13800. Judging by what I saw dealers advertising similar cars for, your car should be priced in the $12700 to $12900 range. The guys that offered you $11000 were trying to steal your car. Perhaps the guy that offered you $12000 will meet you half way between his offer and your asking price. If not, I would say price the car at $12800 and STAND FIRM! At that, the buyer will be getting (what looks like) a good car at a more than fair price.
 
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Clean every inch of it, inside, outside, underhood, and underside. If you have to pay a couple hundred dollars to have it detailed you will get it back. It is a far better investment than have mechanical problems repaired.
 
OP Update: I accepted an offer for $12,225 and got a deposit from the buyer yesterday. After evaluating a lot of information, including everyone's thoughts in this thread (which are much appreciated) I decided that wasn't an unreasonable price. And when I analyze the financials (i.e. what I paid, what maintenance cost, final selling price, etc.) in no way am I losing my shirt on the deal. So thanks again everyone!
 
Hope it goes through and your vehicle finds a new home.

As you learned those sale prices are just a guide not reality.
 
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