The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: afuera on February 15, 2016, 01:57:11 PM
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Back in 2014(before the way of the mustache), my husband and I bought a 1 year old certified pre-owned 2013 Mercedes-Benz C250 and I have regretted that decision ever since. We have since found MMM and pulled a mustachian 180 and 2 years later we finally have it paid off. We want to sell it soon while we can still get a pretty penny for it in order recoup some of our losses and get something more affordable instead. What is the best way to go about this?
extra information: it has some extras like keyless entry, a few minor paint chips on the grill from normal road driving, and about 30K miles. Thank you!
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Use a couple services such as Edmunds and KBB to determine a realistic value. From there, you can either do private party or dealership. Private party usually nets more money, but dealer can be more straightforward.
Congrats on making some big, positive changes!
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Congrats. I recently unloaded an Audi for a Toyota and don't regret it.
If you want the most money from it, sell it yourself. Check out some of the car sites (edmunds.com, KBB, autotrader, etc.) for better info on exactly how to do it. I'll bet that each of them has a full article on the topic along with the steps involved and pointers.
If you want the most hassle free experience, sell it to CarMax. From past experience, they seem to offer about the same as what you can get at, if not a teeny bit more, from a dealer, which is typically about 5-10% less than Kelly Blue Book pricing. Dealing with CarMax is much, much better than dealing with a dealer. Either way, don't expect a lot and you won't be disappointed.
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CarMax gave me 100% of KBB private party price on my ridiculously expensive barely used fancy car that I took to them. I wanted it out of my life and was worried about the logistics of selling an almost $50k car through private party. I actually got more than similar cars that were listed on craigslist. My sense was that Carmax bases their price also on their inventory and how fast they might be able to turn a car around, not just KBB and such. They will give you a price and you can see what they offer and go from there.
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CarMax gave me 100% of KBB private party price on my ridiculously expensive barely used fancy car that I took to them. I wanted it out of my life and was worried about the logistics of selling an almost $50k car through private party. I actually got more than similar cars that were listed on craigslist. My sense was that Carmax bases their price also on their inventory and how fast they might be able to turn a car around, not just KBB and such. They will give you a price and you can see what they offer and go from there.
That's awesome! Yea we were curious how craigslist would work out with a 23-20K car. We will go get a quote from CarMax to see if we can save ourselves some headache.