Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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.
Print the post  


Beware Flood-Damaged Cars
Know what you are getting, don't get stuck with a Katrina victim. Check these links before you buy.
Disclaimer - Please Read
A message about professional advice.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.