How To Sell Your Car For the Most Money Possible (Former Dealer Explains)
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- Опубликовано: 6 июн 2024
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0:00 Introduction
3:10 Sell private party to get the most money
4:20 Selling to the dealership is an okay option
5:10 Carmax, Carvana, and Vroom will pay more for your car
7:52 What to do before selling your car 
Авто/Мото
Went to a CarMax today and they offered $1,000 for my Ford Focus 2014 (Miles 68,300) here in Miami, what a waste of time, so disrespectful.
Another avenue for some would be to do a trade in purchase through a Credit Union, even if you're not buying a car from them. The concierge service through Autoland or Autonation has been fantastic for us. You submit your request, appraisal form, and pictures (COVID times), and they send away for multiple auction offers. They then present you with the highest offer. Take it or leave it. The other advantage here is that they take care of all or your DMV tasks for the trade/sell as well.
Are you selling that a potential seller could sell their vehicle through Autoland or Autonation? I never heard of that but if true, that sounds good.
I sold a 16 year old Hyundai to Carmax recently. I cleaned it up but it was far from perfect. I got way more than I was expecting and it was a very smooth process.
I bought a new 2020 Kia Optima S on Feb 29th right before the pandemic. I always pay cash for my cars and have learned how to tell if the dealership is willing to work a deal or not for cash. Anyway, I paid $20,500 with sticker being $26,390 and then a month later no longer needing it because of the pandemic. Now, I am selling it to Carvanna, as they have offered me the most. Accepted the deal today, they are picking it up Tuesday. It has low miles 5456 and still perfect. They are suppose to wire the money in 1-2 days after they pick it up. Hope yours goes well, let us know.
Wow !!! I learned so much about dad and son within the 1st minute. Best is when Ray says " What could of been"....lol. i have 4 older son and I've said those same exact words over and over and over !!
Thanks for the transparency fellas!
This was very straight forward information from you both! Thanks! While I agree that you usually can get more from a private party sale there is also a lot that can go wrong as well. Trading to a dealer is easy but usually dumb. Selling to CarMax, Carvana, Vroom is easy and safe. So private party if you have time, a bit of sales speak, and are confident you will get your money in the end. I figure this is why most folks trade!
Just checked with Carvana, Carmax and Vroom. And Vroom came out with the highest offer followed by Carmax and then Carvana. Carvana’s offer was $3K less than the other two. This is for a leased 2019 Subaru Outback which will expire in 7 months. So I guess it will depend on where you live.
I LOVE the dual pointing to the linked videos!!! LMBO!!!
Great video thanks. Watching this now, and seeing what has happened to Carvana is pretty funny. We now know their business model of offering significantly higher prices for cars was NOT prudent lol.
Going through Carvana. Thanks for the Tips!
Love the respect and friendship between you two!
I just went through the process with we buy any car now. Went smoothly.
Auto dealers may give you the lowest price because that's what they do, they lowball. But - in some states you may be able to save on sales tax if you trade in when you buy another car
I've bought cars from private party, but am not a fan of selling to them. I had a guy that wanted my 85 Buick. This was back in the early 90's.
He wanted the dealer to check it out. The dealer said the trans was bad and the guy didn't want the car. He also didn't want to pay for the dealer to check out the car. The dealer didn't care, because he had my car and my keys and neither were leaving till that bill was paid.
He agreed to split the difference and I did it. Paid a $75 bill so I couldn't sell my car. I told that guy he was a POS, but I don't think he believed me.
Good to know to get the money from them and make sure if THEY want it looked at by mechanic then they pay.
Sounds like ur car was a pos
What about selling a car/van to commercial outlets? Thinking of trying to find an airport taxi company or a company who needs a cargo/delivery with optional seating. I felt like the dealerships and carvana missed the boat with pricing since the vehicle acts as both commercial or personal.
Love you guys.
Thank you for your great video, plz I have question, once I tried to sell my car on eBay, I was scared to sell it the people who emailed me, they asked me to send them my location and they will send body to pick it up and shipping it, and they asked me my account bank to send me money... how should I sell it safe
Thanks for the information but what if when you try to find the value or even search the VIN it's listed as Not Available (due to the car being a classic)? We tried Google, DMV told us to Google seen like they didn't want to give us any information, even tried the car’s company and they couldn't find the VIN or anything, so we tried the bank and VIN was not available too. It's a car from 80s too but we got title in hand. Any suggestions?
👍 on the vid. My quote from Carvana was far less than I was expecting. I then searched and found my car in my area w similar miles, features, trim level and they were selling for $7-9K more than they offered me. That's a 43-56% gross profit over what they offered me. I dont think so. I'll submit to vroom, but likely will be going the private route as I'd rather not leave money on the table. thanks guys
I had the same experience - Carvana, KBB, Edmunds, etc. all offered me $10K for my Toyota Tacoma when local private sales were closer to $18-$20K. Seems to be private sale is the way to go for me, given that…
Same boat.
Carvana was a great experience for me. Their offer on my 1 year old truck was shockingly way above blue book, I set the appointment online, a flatbed showed up, the driver had me sign about 6 pieces of paper, and a couple of days later the direct deposit hit my checking account. Could not have been simpler or easier.
Ojisan642, Yes, my experience with Carvana was similar on both vehicles we sold to them: fast, safe, and painless. And there was no last minute changes in the offer for any reason - what the offered is what we got.
Carvana offered me $200 for my fully running, no mechanical problems at all, 05 Nissan Altima in fair condition. LOL. Waste of time, and they got my email now, so incoming spam!
@@SylvanEvergreen that sucks they offered me 24,000
@@Life1233_ For an 05 Altima? 🤣Nice!
Carvana sucks!
Great video! Thank you. But how did you get Adam Savage to wear one of those glasses, nose, and mustache disguises for this video?
GREAT video. How does COVID affect this pricing? I've heard the microchip and supply chain shortage is really changing pricing and pushing things up. Is Carvana still a good option in this case or would this be flexing the outcome?
I think so! Compare the offer carvana, carmax or vroom give you to what they have listed for sale on their websites. For example carmax gave me the best offer of $26,600 for my car and on their site the cheapest one they have listed is $30k for my make/model/year/miles, seems like a reasonable margin. I think vroom didn’t take into account the COVID micropchip shortage and they offered me 22k, that’s how much it was going for last year before the shortage!
@@bubus109 carvana offered me like 4grand less than the kelley blue book instant cash offer...sigh im not sure.what to do
Update on my comment (3 mo ago) I sold my vehicle, which I bought in Dec 2014 for $$32K that carvana offered me $16K on for $24K cash. Definitely worth the, in my case, minimal addtn'l effort. If they would've offered me $20K I prob would've sold to them. 2015 Limited WRX
Thanks for the tip on Carvana! I never heard of them before seeing this video. The offered me 2K more than CarMax and 4K more than a dealer!
Thanks!
Carvana also gave me the highest for my car. They were about $800 more than Car Max. And they were about $4000 more than my local dealership.
@@stevesls6 That's incredible. Good deal!
Hey, how did you like living in Pittsburgh? I'm thinking of moving there from Ann Arbor Michigan
I’ve always found that selling a car to a private party to be much less aggravation than going through the games played at the dealer. I spend a couple of hours detailing my vehicle. Most often the first person to look at it in person made the purchase. If needed for your level of comfort, you can always make the financial transaction in the lobby of a bank. Cash for the pink slip captured on video. A little bit of work is worth thousands over what the dealer offers.
Good tip on making the financial transaction in lobby of your bank.
Your level of comfort may also depend on the value of the car you're selling. Cash at your bank is definitely the safest because, if the bank accepts it for deposit, you've eliminated any possibility of the bills being counterfeit. However, I don't know about you, but while I might be willing to bring cash to buy a $5,000 car I wouldn't walk around with $20,000 or more in cash and I doubt may buyers would. As for taking a check, unless you do the deal at the buyer's bank and cash his check there immediately there's always the chance you'll get a call from your bank a few days later telling you it bounced.
@@paulbingville6485 There's always a cashier's check which is verified funds.
@@jenarizona1102 If you believe cashier's checks have never been forged, or that no bank has ever refused payment on one because the "verified" funds turned out to include checks that later bounced, you go right ahead and swap your title for one.
@@paulbingville6485 People can also give you counterfeit cash so....🤷♀️
I have a 2009 Pontiac G8 GXP w/ 57,300mi on it! Private sell or...Excellent condition w/ brand new tyres
Idk if anything is true anymore with carvana. When selling I try to go private but many don’t trust the private no matter how much they can save. I went to 5 dealers to get a price and then online. Carvana was 1k below blue book. Most dealers were 3-5k over blue book.
I get online has no real eyes to make decisions. That’s their problem.
I like dealerships. I like the process. It’s also a fun place to try out new tactics on strategy especially on the finance guy. This new one has been fun. When I get a question I look them in the eyes and count to 7 in my head. The room goes cold before I answer. The questions stop.
My 2014 Mitsubish mirage is pretty much junk. What is the best way to get rid of it?
9:04 I don’t want to think that much. Sounds bad yet many of us are busy working and can’t take a lot time off to deal with that kind of thing.
Today in 2021 Carvana offered less than Carmax and a local dealer.
Have a 2017/75 anniversary jeep wrangler. My lease is up December this year, I am having the lease through US Bank, I’m trying to buy it out right now but they are a real pain in the butt. Any suggestions on how I go about doing this. Or my better off just to turn it in in December when the lease is up walk away.
Never, EVER buy a Chrysler product.
Awesome father-son dynamics as well as good advice
waht about submitting car to car auctions?
What are your thoughts about a cars being sold to car dealers and carfax states that it has been a fleet vehicle? Are those cars to be considered?
Darien personally I am not fond of retired rental fleet cars but there are many people who swear by them. Stay safe, Ray
My Extra-cab F150 is 13 years old, 163,000 miles, transmission won't shift from P to D (have to go to 2 first, then D, otherwise works fine), scratches all over the paint, rear seat belts got chewed up by the dog. I don't have the energy to deal with a private sale. A junk car buyer offered 1300 for it. Should I even take it to the dealer to see what they offer? Or just junk it?
Following up in case it helps anyone, I did take the truck to the dealer and they first offered me $1200 for it, which I would have accepted. Then as we were negotiating the price of the new car I told them I'd go up $800 on the price of the new car if they would go up $800 on the trade-in. Surprisingly, they took it and I ended up getting $2000 for the old truck. So yes, it was worth the embarrassment to take a clunker into a dealer to see what they offer, it was good to have it available as a negotiating tool.
My 18’ accord sport 1.5 w 145k miles needs windshield replacement, all new tires, brakes, turbo going out, and has an oil leak. CarMax quoted 9k, caravana 11k, Edmund’s 10k
What if the car has windshield damage or bumper damage? Should I fix it before going to sell it
no! they dont pay much. just put the sign For sale on your car. zsomeone will call within a week
I’ll start selling my car when I have 2 or maybe 3 cars it don’t make sense me to sell my only car I get it if you own a bmw or Mercedes
Trade in has tax credit in majority states. I have not seen anybody offer more than the credit amount worth
Carvana online
offered me $50 for my PT Crusier Limited with 50k miles (I know..it’s a PT Crusier!) but $50😂
CarMax would have offered you $40.
I’ve got a crisp 20 for that beast! 😳😝👍💰
I just sold my 07 pt cruiser private party on Craig’s list, sold within 24 hours, cash buyer! Due your own work, go to kbb to find out true value and take it from there, I did quite well! I have NEVER used a car as a trade in, you can make double or more selling it yourself. Carvana and carmax prices are too high, can do better without their services!
Laura Nardoni-Great advice!👍
$50.00 what those are the new retro, you could sell one part for that. Won’t a donation give you $200? Well I’m tax back.
How about Algo? They have the highest offer over all of them? Are they legit?
Where's the carvana vid?
I keep my cars 7-8 years and maintain them in good condition. Sell them on Craig's list. Always someone looking for a well maintained used Honda.
Agreed. Good, used Honda's sell all day long!
What about selling a 2002 car
Are you buying a new car now as well? I need a new car and am debating now or waiting for December.
I have a good car
I sent my car and title on 2/9 to vroom and i still did not recieve my check from them. I ve been calling them since then everyday, this is really painful and horrible stressful. Keep repeating themselves, wait 3-5 business days and no solid answer. They have my car and title, I dont have my money. Basically stolen? How to publicize this vroom issue?
Go to to your local news and nationals news. I would tell the investigative reporter what happened and see if they pick up the story
Just sold my 2008 Tacoma with 263000 miles for $2500 more than kbb value to autonation and tried to sell it on my own for 6 months
What did you sell it on?
@@nikeadavis9466 sold it to auto nation
Is this a Carvana commercial?
Video on tastefully-done aftermarket lift kit, wheels and tires on a truck.
1. Why dealers don't place value on them?
2. Why dealers charge 10k more when they sell them?
Private party sale = $22k
Dealer sale of same truck = $31k
Vroom offered me almost $1000 more than Carvana 🙌🏼
Did you actually sell on vroom?? How long did it take??
@@Linzieleefreewald I think the whole process took a week, they paid me the day after they picked up my car. Super fast, my husband just sold his to them this week and he had the same experience.
Well… dealerships now are offering top dollar for used cars. How the turn tables.
Send me the link
Recently sold an Accord to Carvana and got over $2500 what my Honda dealer offered. It had extensive maintenance records from Honda dealership. I’m sure that helped.
May I ask what year your Honda was? I'm trying to figure what's the best option for me. I have a 2007 Honda Accord with 253,000 miles
Carvana offered me 19k and Carmax 28k so I’ll try vroom next
I really really really need TOO sell my car
What’s funny is for mine Vroom is 1k higher then Carvanna
Vroom was higher for me than Carvana and Carmax - I had an old Nissan Titan that needed a lot of work and it wasn't worth much with 263k on it - Vroom gave me an offer and a neighbor's BIL matched it. Engine and trans in great shape, everything else, not so much being a mid-Atlantic truck for 11 years where is racked up most of the miles via highway driving. Rust galore...
Carvana does not pay s*** for cars my car trading value is $43,000 to 46,000 carvana offered me $30,000 in my cars in excellent shape showroom condition
Did you find another way to sell it?
Were u able to sell it? And if u did where did u sell it?
That's funny because Carvana's offer was one of the lowest I received for my 2019 Lexus. They only offered $1,000 more than the dealership.
Well of course you get credit ,otherwise you wouldn't be talking about it ,come on guys !@!!!!
Selling my Nissan. The dealership is offering $4k more than carvana.
Dogged the lawyer. lmao
Yea..yea...of course...yea..........yea...
Uhh Carvana just offered me 5k less because "car market has been deeply impacted by COVID-19, leading to lower vehicle values" so..wtf... AND my SUV is the 9th fastest selling used car in the market (4runner). Wow.
Damn. 4Runners are awesome and barely depreciate. Wow. Hey, why are you selling your 4Runner because I’m considering buying a 2020 or 2021
They low balled me too smh
@@atl3630 baby on the way, need more room! Great vehicle, though!
Have pickup 2010 39000 mi Dealer offered $13000.00 Caravan offered 10955.00
Where you located?
@@Jeffrey7348 Chambersburg Pa
Yeah i'm located in Florida and Carvana offered me $6000 for my 2014 accord coupe 89,000mi. Local Mercedes-Benz dealer offered me $8100
Hey guys. Great info. Just sold my 2014 Audi A4 in a private sale last weekend. I barely drove it and it was in great shape with some custom touches, e.g. wheels, etc. I went to Carvana 1st and they offered me 12K. I sold it myself 3 days later for $17,250 which was more in-line with KBB. I didn't expect such a low offer. Perhaps I should have looked at Carvana.
Rick Kolovich “I went to Carvana 1st . . . ” and “Perhaps I should have looked at Carvana.” What did you mean to say?
2old4allthis Yeah, that didn’t make sense did it?
Yeah that last part was contradicting
Carvana offer is less than the kelley blue book instant cash offer at dealerships....but a private party is $6,000 more. Wow
Carvana sucks. My car is worth over $5K and is in very good condition, Carvana offered $129 are they crazy? Why are you mentioning them here?
Exactly. My car is worth $4K and they offered me $750.
they dont want your car
After watching this I realize I was throwed to the wolves growing up..... I'm 40 now and life sucks...... Anyone want to buy a charger? Lol
😢😊
Go Duquesne
Funny how people who get their vice out of their system turn around and don’t condone the vice. That is, of course, after they’ve had their fill and satisfaction from it themselves. Like youth pastors who had a bunch of sex and then go on to tell youth not to have it. If you have partaken in the vice, don’t turn around and say “But I don’t condone it.” Maybe try “But I don’t RECOMMEND it.”
Is this a Carvana advertisement? They really aren’t discussing the premise that they set up about other alternatives. Disappointing guys but then these are interest-rate insiders who sang inside the box of a hegemony of sales
Still trying to sell that Volvo? Get rid of it, it's an old person's car anyway.
10 mins and no advice. Oh man!!
All they didn’t was talk about BS
Cut to the point
Carvana? Oh absolutely NO! I just went through their site and entered all the information on my 97 Jeep Cherokee with 141k miles and their offer was $269.
lol i offer u 300 even
@@BabyGangsterIsMe sorry and with a full tank of gas one needs to add $300….
Stating the obvious, Carvana and some of these other entities wildly overpaying for vehicles they don't even check out then selling them on the open market. Sounds like a winner for buyers! Yay internet disruption for everything! Couple clever douches get really rich and lots of drivers...screeeee.....bam!
* that came off a bit weird...to clarify meant tech entrepreneurs not the creators of this video. Many thanks to you two for all the great content helping to navigate the dense thicket of lies that is the auto dealer landscape. Keep doing what you're doing, valuable public service.
Sorry but I was looking for precautions when selling a car. This vid was just a lot of meaningless verbiage that could have been stated in half the time.
SKIP THE INTRO JUST GET TO THE POINT I DIDNT COME HERE TO HEAR YOUR LIL STORY
This should be renamed to CARVANA Adert!!! BS!
Hey kid, maybe don’t keep looking back and forth constantly from the camera to your dad. It’s pretty distracting.
So many fucking bots
Carvana is like selling your gold to a pawn shop ,bend over people !
WTF is this Mumbo jumbo
You talk too much about topics and no one wants to hear
Get to the point