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Reply to "Trade in or sell?"
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[quote=Anonymous]I’ve been in a very similar situation - in my case a 12 yo SUV with high mileage and a lot of issues - and I ended up trading it in for just $500. On one hand I felt a bit ripped off; on the other hand, I knew darn well that car had a lot of issues and I couldn’t, in good conscience, do a private sale without telling them about the issues, which probably would have nixed most deals. It just wasn’t worth the hassle and worry for me to try to get a little bit of additional money. (Though with my current 10 yo SUV- which is still running great - I would try to sell on the open market to get top dollar, since I wouldn’t feel any guilt about that sale) So if I were in your situation, I’d just trade-in or donate as is. There’s a $1000-$1200 difference between the offers that you’ve gotten and the kbb trade-in value, but you could easily spend just that amount trying to fix up the Jeep. I’m betting that the coolant fix alone is about $1k You could also do a quick Craigslist search to see what similar vehicles are actually selling for around here - that would help corroborate the kbb estimate. Heck, if you have time, you could even go ahead and list your car awhile to see if you get any nibbles [/quote]
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