Question: Wow, great thread! Here is my situation:
We have a 1997 camry and a 1999 accord detailed below. My parents gave us their 2002 highlander, so we need to sell either/both of these cars. I must give my parents whatever I receive from the sale of the camry (an unfair trade, I know!). I am not a fan of either of them, so I am thinking about selling/trading both of them.
Camry
Year: 1997
Make: Toyota
Model: Camry LE Automatic
Trim: White Exterior, Light Grey interior; both in good condition for 10 year old car.
Mileage: 152,000
VIN: Parents bought it new
Buying or Selling? Selling
From Private Party or From A Dealership? Looking to sell to either, I understand I get more from a private party but it may not be worth the hassle.
Accord
Year: 1999
Make: Honda
Model: Accord EX v6 automatic
Trim: Beige Exterior/interior
Mileage: 98,000
VIN: Rebuilt title- Bought it from a friend who bought it at an auction and replaced the door. There was no mechanical damage.
Buying or Selling? Selling
From Private Party or From A Dealership? Looking to sell to either, I understand I get more from a private party but it may not be worth the hassle.
What can I expect a dealership to give me for both of these? Based on these facts alone, if I just sold one to a private party, which one should I try to sell first?
Also, one more question. Which one will give me more exposure if I try to sell the cars oneline, cars.com or autotrader.com? Thanks!
Queen of the Road: Hey, times are going to get tough. I don’t blame your parents for having you sell those cars and hand over the $$$. We’re on the beginning steps of a recession and the elderly will definitely need the extra dough.
For a 1997 Toyota Camry 4C LE with 152,000 miles, prices range from $3,900 (being in above average condition) to $3,300 (being in average condition) and $2,700 (being in below average condition).
Keep in mind that the numbers above are the wholesale prices. A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $3.4k to $4.8k.
For a 1999 Honda Accord V6 Sedan EX Auto with 98,000 miles, prices range from $5,800 (being in above average condition) to $4,800 (being in average condition) and $3,900 (being in below average condition).
Again, the numbers above are the wholesale prices. After a dealership flips it for +12%-14% more than wholesale, prices could range from $4.6k to $6.7k. If you try to trade it in or sell to a dealership, you won’t be getting these prices. It’s possible to come close, but I realistically can’t see that happening.
Take the time to sell it and you can save some money. Take the cars for a wash, clean them out, take some nice photos and load them onto you ad. Be as detailed as possible on your ad. If you’ve kept all the maintenance records, mention that. Try posting on Craigslist or AutoTrader. Sell both at once. Don’t waste any time. If people come to take a look at one car and aren’t interested, you can interest them in car #2.
I don’t recommend posting 2 cars in 1 ad. You can do that with Craigslist because your ad will pull up both cars in one search. Don’t limit yourself to only 1 website. Advertise everywhere. Personally, I think those two cars are perfect for teenage drivers just starting out. I would try to spread the word amongst moms with teens. Or post flyers at local highschools/colleges.
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