| Selling your own vehicle to a private
party can be cost-effective. In contrast, trading in your current
vehicle certainly seems much easier!
Before launching out on your own, consider the car prep, required
state and emissions checks, cost of your own personal time, and
the “characters” you may meet along the way –
each can take a unique kind of toll on you.
Benefits of either choice:
Trade-in Advantages |
Private Party Advantages |
| Quick and easy |
Can be more profitable |
| Dealer handles the paperwork |
You control the transaction |
| Dealer handles vehicle reconditioning |
Right buyer is motivated |
| Trade-in value can be negotiated |
Provides cash for down-payment on your next car |
Another option is to donate your car
Be sure to research the value of your vehicle before contacting
the charitable organization your are considering donating to.
Be sure there are no hidden towing charges or other fees. By donating
your car to a charity you should be able to get a tax write-off
and feel good that you are doing a nice deed.
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