According to a recent Edmunds used vehicle report, demand for used cars is dropping and so are their values as the new-car market rebounds from pandemic-induced shortages. This is especially true for 1- and 2-year-old vehicles. So there’s never been a more critical time to know whether it’s better to sell your car privately or trade it in.
Both options have their advantages and drawbacks, and the best decision largely depends on your circumstances, priorities and preferences. Edmunds’ experts run down what you need to know to make an informed decision.
Selling your vehicle privately will likely yield a higher sales price than trading in at a dealership. By doing so, you’re essentially cutting out the middleman. But you’ll likely pay for that profit in the time and energy you spend marketing your car, negotiating a sale, and managing the transaction itself. Whether a private sale is worth it comes down to time — how much you have and how you want to spend it.
Hebei Combats Domestic Violence
Global trade to rebound by 2.6 pct in 2024: WTO report
Huawei opens 2nd store in Saudi Arabia
China Makes Remarkable Progress in Education in 2022
World Insights: WTO members confront U.S. abuse of security exception for protectionist purpose
Sudanese army says will help evacuate foreign nationals
CPC Leadership Hears Work Reports
Shenzhen Establishes Lawyers' Team to Protect Women, Children's Rights, Interests
Global trade to rebound by 2.6 pct in 2024: WTO report
NW China's Internet Celebrity City Sees Tourism Boom During Qingming Holiday
Xi Focus: Xi's 2024 New Year Message Highlights Confidence, People, Global Vision