According to a recent Edmunds used vehicle report, demand for used cars is dropping and so are their values as the new-car market rebounds from pandemic-induced shortages. This is especially true for 1- and 2-year-old vehicles. So there’s never been a more critical time to know whether it’s better to sell your car privately or trade it in.
Both options have their advantages and drawbacks, and the best decision largely depends on your circumstances, priorities and preferences. Edmunds’ experts run down what you need to know to make an informed decision.
Selling your vehicle privately will likely yield a higher sales price than trading in at a dealership. By doing so, you’re essentially cutting out the middleman. But you’ll likely pay for that profit in the time and energy you spend marketing your car, negotiating a sale, and managing the transaction itself. Whether a private sale is worth it comes down to time — how much you have and how you want to spend it.
Related articles:
Related suggestion:
A top Russian military official reportedly linked to Ukraine's Mariupol arrested for bribeAthens skies turn an orange hue with dust clouds from North Africa11 inmates face charges related to uprising at South Dakota prisonBaltimore port to open deeper channel, enabling some cargo ships to pass after bridge collapseSupreme Court will hear Trump’s immunity claim. Here’s what to knowTen of the world's best airports for food and drinks, according to expertsStarbucks vs federal labor agency: U.S. Supreme Court is set to hear oral argumentsNew Fort Wayne, Indiana, mayor is sworn in a month after her predecessor's deathBoth bodies found five days after kayaks capsized going over a dangerous dam in IndianapolisMinnesota State Sen. Nicole Mitchell charged with first
2.8404s , 6498.0546875 kb
Copyright © 2024 Powered by Edmunds: Trade or sell your car? What's best might surprise you ,International Image news portal