Out of Control
Join Date: Sep 2012
Thanked 362 Times in 280 Posts
I have gotten these letters over the years and it's usually a win-lose. I've had good luck selling to Carmax. Having owned over 50 cars, I have sold my fair share to private people but this day and age, I don't like strangers rollin' up to my crib. Too many sickos out there. The one exception is selling a minivan. I sold the Odyssey 10 years ago and the family came by to buy it and while the adults were talking, their kids were playing on the the swing set with our kids.
I sell to the dealer these days. Less money but very safe.
It is generally true that selling private brings "mo money" but there's always an exception: My '06 Saab 9-3 Combi Wagon was for sale for 3 weeks in the paper and on Cars.com for $9,600. This was well before Saab was shut down by GM.
I didn't get one call or email.
On a whim, after leaving Costco with all my junk in the trunk, I swung by Carmax.
They explained how they are the the second largest auction house in the US and THE largest seller of used cars in the US. "We don't go by the blue book or the black book, we are the book and we set the price".
The agent was talking from behind the computer and spins the monitor around to show me the offer. It read $11,000.
I said, (holding back a watermelon grin) "well, I appreciate how you explained your pricing and I know that KBB is higher, but I think I can live with $11,000".
The cut me a check on the spot, I emptied everything, called the wife to come get me (on stand by just in case they had any offer remotely close to asking price), and we immediately went to the bank to deposit. I was "worried" they'd see the ad in the paper and cancel the deal.
The car was gone in a week to Colorado.
Ex-L 4cyl, White Pearl/Ivory
Honda factory LED Touring Headlight, 3M Di-NOC Bubinga wood vinyl dash trim, Horn Upgrade, LED interior, trunk, license, Splash Guards
II Kings 9:20-"The driving is like the driving of Jehu the son of Nimshi, for he driveth furiously."