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 PRIVATELYSelling 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. |
Police officers who Tasered 93How at least 13 banks may have worked with feds to SPY on transactions of hundreds of proRuins of ancient Taoist temple found in north ChinaCaptain Tom's scandalCowboys get Oklahoma offensive lineman Tyler Guyton after trading down in NFL draftBengals take OT Amarius Mims in the NFL draft as Cincinnati seeks better protection for Joe BurrowDebates to play a major role in Pennsylvania's 2024 US Senate electionDAILY MAIL COMMENT: Nationalisation is no answer to rail chaosAlmost 100,000 elderly patients endure 12The 49ers take Florida receiver Ricky Pearsall with the 30th pick in the NFL draft