Selling your current car privately can put a few hundred dollars more in your pocket. Trading it in saves weeks of listings, test drives with strangers and paperwork. Which is right depends on what your time is worth.

Where a trade-in wins

In many states you only pay sales tax on the difference between your new car and your trade-in, which can close most of the gap. The dealer also settles any outstanding loan for you.

Where a private sale wins

Rare, enthusiast or very well-kept cars often fetch more from a buyer who wants exactly that model. If you have the time and patience, it can be worth it.

Either way, get a written offer first. Ours is free, based on live market data and valid for seven days.

About the author:

Trade-in Appraiser

Elena values hundreds of trade-ins every year using live market data. She writes about selling and trading in, what really moves an appraisal and how to get the best price for the car you already own.

Leave a Reply

Your email address will not be published. Required fields are marked *