Selling Question(s) - Toyota Yaris Forums

ozmdd · 09-17-2009, 08:18 PM

Unless you find someone who just REALLY wants your specific car, its next to impossible to get more than 80% of the price of a new car for your nearly-new vehicle. Think about it: you can't offer them a financing advantage (interest rates are better on new cars), you can offer them the color/package they want, you can't reduce the taxes by the value of the trade-in, and you have a nice-but-still-used car.
Would you pay $13K for a 10,000 mile car when you can pay $14-$15K for a new one, and make payments??
Gonna have to save more than a grand to offset the actual cost of the lower interest rate. Sorry, but the only really good answer is to either A) trade-in on a different vehicle and hold their balls over the fire on your trade-in value, even if you don't get the sales price lowered as much (sales taxes), or B) Live with the car for a couple of years, pay it off quick, and then sell it. A 5-year old car is about the ideal car to sell used. Its new enough to be reliable, still worth a fair chunk of change, and you should have it paid off.
If you really want to get ahead in the "what you pay versus what you own (value)" game, buy used cars with cash. There is no way to win this battle with a new car, unless its a rare/collectible car and you don't drive it. :(

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09-17-2009, 08:18 PM	#8
ozmdd Reluctantly Crouched... Drives: 2008 Yaris HB M/T Join Date: Oct 2008 Location: DFW, TX Posts: 867	Unless you find someone who just REALLY wants your specific car, its next to impossible to get more than 80% of the price of a new car for your nearly-new vehicle. Think about it: you can't offer them a financing advantage (interest rates are better on new cars), you can offer them the color/package they want, you can't reduce the taxes by the value of the trade-in, and you have a nice-but-still-used car. Would you pay $13K for a 10,000 mile car when you can pay $14-$15K for a new one, and make payments?? Gonna have to save more than a grand to offset the actual cost of the lower interest rate. Sorry, but the only really good answer is to either A) trade-in on a different vehicle and hold their balls over the fire on your trade-in value, even if you don't get the sales price lowered as much (sales taxes), or B) Live with the car for a couple of years, pay it off quick, and then sell it. A 5-year old car is about the ideal car to sell used. Its new enough to be reliable, still worth a fair chunk of change, and you should have it paid off. If you really want to get ahead in the "what you pay versus what you own (value)" game, buy used cars with cash. There is no way to win this battle with a new car, unless its a rare/collectible car and you don't drive it. :(