Best way to sell a used car

[Anonymous]

If you’ve sold a used car to another individual, how did you do it? I’m particularly concerned about the test drive. My car is in excellent shape with low mileage and worth about $20k. I’m reluctant to test drive with someone I don’t know, but I’m concerned about a joyride. That may be mitigated somewhat by the brand, which is Volvo. Also, how did you ensure payment? Did you transact at a bank?

[Anonymous]

Maybe sell to CarMax? Easier and less stressful!

[Anonymous]

There are fake cashier's checks, so do the transaction at a bank. I don't think many people will try to joy ride your Volvo. Sell a Porsche, different story.

You can also have a used car dealer sell it on consignment, or just sell it to the dealer (like Carmax) and let it be their problem.

[Anonymous]

CarMax will pay you do $16K for your $20K volvo because they want to keep part of the money for themselves too.

[Anonymous]

Screen the people VERY carefully. Keep their wallets and if cards. They only need a quick test drive. Price just a bit under. If you feel the least unsure don’t give your address or meet up. I’m a woman and have sold 4 cars. It’s a bit nerve wracking. But talk to the potential buyer.

[Anonymous]

Really feel better with cash. One buyer got a little upset with me because it took a bit of time to get the cash. I said ok and they needed up buying the car.

[Anonymous]

... when you go to put it in the bank break it up into $9000 chunks. As usual they give hassle to the wrong people.

[Anonymous]

Carvana is offering some crazy, stupidly high amounts right now. You might try them.

[Anonymous]

Anonymous wrote:Really feel better with cash. One buyer got a little upset with me because it took a bit of time to get the cash. I said ok and they needed up buying the car.

Why would that be a problem and need cash of $15-20K to buy the car? Why it has to be $9K cash?

[Anonymous]

We used Vroom and got a great deal to sell and none of the hassle and worry. Well maintained low mileage cars are in demand.

[Anonymous]

I would definitely go to Carmax first to get an estimate so you know what your bottom line is. We got more than we expected last month on an older car.

The other option is to sell to a friend. We bought an $18k car from a friend of a friend so there were no concerns about checks clearing, etc.

[Anonymous]

Craig's list. However, you need to understand that the KellyBlue Book is making car selling difficult. You think your car is worth that much, but you can't get that much from the dealer and a private person that has cash does not want to pay the inflated price you think your car is worth. Why would a private person buy from you? Bcs they want a cheaper price and you want the whole amount right away right? Otherwise, they might be happier paying $200 do the dealership, soyou accept the cashlower price.
Nobody ever tried to joy ride cars we sold.

[Anonymous]

Anonymous wrote:I would definitely go to Carmax first to get an estimate so you know what your bottom line is. We got more than we expected last month on an older car.

The other option is to sell to a friend. We bought an $18k car from a friend of a friend so there were no concerns about checks clearing, etc.

Carmax is an absolute rip off. They will underpay for your car, but if you don't want a hassle sure. They will then sell your car for thousands more.

[Anonymous]

Facebook marketplace. The guy came with two of his friends who all helped him look over the car and engine, run the car's computer, etc. DH did the test drive with the guy and did take a picture of his license. The guy loved the car, so I met everyone at his bank with the title. I signed the title over to him and he brought out cash from the bank.

My car was only work $8500 so it was easy to get cash. I'd take a cashier's check from the bank too if I saw him get it. I think it's hard to take out more than 10k in cash from the bank. You also could get the money wired to your account.

Also, I just want to say I like facebook marketplace over craigslist. Facebook has real profiles (at least it's harder to fake) whereas craigslist has tons of scammers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would definitely go to Carmax first to get an estimate so you know what your bottom line is. We got more than we expected last month on an older car.

The other option is to sell to a friend. We bought an $18k car from a friend of a friend so there were no concerns about checks clearing, etc.

Carmax is an absolute rip off. They will underpay for your car, but if you don't want a hassle sure. They will then sell your car for thousands more.

+1. I got a quote for $500 for my car! I easily sold it for 6k the following month. It was older, but ran perfectly and had no issues. I think carmax doesn't want to sell older cars, so they give you a super low amount to make you not sell to them.