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Author: NicoleMBA Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 71399  
Subject: Selling a Car Date: 8/28/2002 9:45 AM
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My DH is trying to sell his car. It is a 1998 Pontiac Grand Prix with 103,000 miles (mostly highway miles, as DH has a 100 mile rountrip commute to work every day) that is otherwise in great condition. We already have a replacement for this vehicle, so it is sitting in the garage collecting dust.
We have had the Pontiac listed in the local paper and with Autotrader for about a month now without a single call. The asking price listed in the ads is right at the private party sale price listed on Edmunds and such. We took it to Carmax last night to see what they would give us, and it was the wholesale value (which I expected). DH was not happy with the offer they gave us and wants to keep trying for another month and if we don't sell it then we will go back to Carmax and sell it to them. Each month we don't sell the car, we have to pay insurance ($50/month) and rent a parking space ($100/month), so it is costing us to hold on to the vehicle.
Does anyone have any tips on how to sell a high-mileage car for more than the wholesale value? Should we wait another month and see if a buyer comes along? Am I wrong to want to sell the car sooner rather than later? We live in Atlanta, so there is a huge number of potential buyers out there.
TIA,
Nicole
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