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Trade-in vs. Private sale Massachusetts

You may receive a higher price but like most things, it will require additional work.

Local Companies

Acton Scion
978-431-5828
221 Great rd
Littleton, MA
Suzuki of Weymouth
781-337-2944
710 bridge street
weymouth, MA
Zap Electric
(413) 567-2228
455 Laurel St
Longmeadow, MA
Longmeadow Garage
(413) 567-7089
467 Longmeadow St
Longmeadow, MA
Repo by Wambolt
978-868-8348
81 Taylor Road
Ashby, MA
Lundgren Honda/Sandy
508 832-6200
525 Washington St.
Auburn, MA
Marlboro Nissan
(888) 690-3908
740 Boston Post Road, East
Marlboro, MA
Marlboro Nissan
(888) 690-3908
740 Boston Post Road, East
Framingham, MA
Longmeadow-Winchester Auto School
(413) 567-1580
180 Academy Dr
Longmeadow, MA
Papetti Motors inc
508-868-4662
194 Grafton St.
Worcester, MA

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2000 Pontiac Firebird
(Continue to more photos from MyRide.com)

 

There are two basic choices when deciding what to do with your old vehicle: sell it privately or trade it in.

Sell it outright

You may receive a higher price but like most things, it will require additional work. First you must establish a value for your vehicle. Check with a reputable used car price guide such as Kelly Blue Book, online or at your local library. Watch your local newspaper's automotive advertising section for similar vehicles. It will help you set a fair price based on your local market.
Be honest about the price and condition of your vehicle. You don't want to scare away potential buyers with an unrealistic price.

Advertise your vehicle in the local newspaper or auto sales magazine. Be sure to list the make, model and options, along with other pluses. Low mileage and certain features will raise the price of your vehicle.

Prepare your vehicle for resale by having the car cleaned and detailed by a professional detail shop. Having your car cleaned gives you an edge over other vehicles in the market. An attractive car can justify a higher selling price.

Trading in your vehicle

This may be a sensible way to go; the only drawback is that you may not get the best price. Trade-ins are easy because the dealers do all the paperwork and title transfers. You also walk away from the vehicle without any continuing liability. When you trade in, in some states you may be able to save on the sales tax of your new vehicle. The amount of tax may be based on the total sales price. This price may be reduced by the amount of the trade-in; thus less taxes would be assessed. The value of your trade can also provide you with a down payment for the new vehicle, provided you have equity in the vehicle. Remember, when you trade in you will generally receive less for your car than you would if you sold it outright. The dealer who accepts your trade must build in a margin for profit if he is going to resell your old vehicle. You will typically receive what is known as the wholesale value for the vehicle. Trade-ins are easy but you will pay for that convenience.

By: Staff

 

Continue and select a type of Kelley Blue Book value

Trade-In Value
The value you may expect to be offered by a dealer when trading in your own used vehicle.

Private Party Value
The value of a used vehicle in a transaction between two consumers.

Suggested Retail Value
The asking price you may expect to find when shopping for a used vehicle from a dealer.


Continue to Trade-in vs. Private sale Review from MyRide.com

Featured Local Company

Acton Scion

978-431-5828
221 Great rd
Littleton, MA
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