Car Max Auto Finance
February 24th, 2009 | 
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Question: selling car privately or by dealer? best option?
my bf has an '06 lexus IS that is practically brand new. he needs to sell this asap. how do we go about it? would it be profitable or just to break even to sell to a dealer or car max for example?
he is financing it... and ive gone through the other similar questions on this forum... so would it work to sell it to a dealer? even if it's a couple thousands off- it's ok although we would like to sell it for the payoff amt or more.
scenario-
payoff amt is $31000.... done some research on blue book value-
car is worth about $28-$31k... if i privately sell it, i could possibly make the $31k or more. but it would be time consuming and i wouldnt know where to start. has yahoo autos has any success?
thanks in advance. we are totally lost.
Answer: That is tough. Selling privately is hard because you gotta list ads and such. But try it anyway, list ads on Craigslist and in newspapers. Maybe you will get a buyer. But dealers will likely rip you for at least 3k off what you paid.
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