Thinking about looking for a new set of wheels? If this is not your first purchase chances
are you already have a car that you will need to find a home for either before
or during the purchase process. Here are
a few tips on the benefits and drawbacks of each of your options when looking
to make the transition.
Four
choices- There are basically four options if you decide you need to get rid of
your old car. You can either:
Sell it yourself- This option is the most work, but
it also tends to create the greatest yield.
Your best bets are the local paper, radio yard sale, or online selling
forums such as craigslist. If you don’t
want to deal with the hassle of having strangers call you up and drive your
car, this option is not for you
Consignment- You take your car to a dealer and
they sell the car for you, taking a portion of the profit and giving you the
rest. This is more convenient than the first option, but you will obviously be
paying a commission to sell your vehicle.
Trade In- Trade in is basically when a
dealer gives you a price for your vehicle and that trade in value is applied to
the price of a new or used vehicle that you wish to purchase. Often, the trade in value is below Kelly Blue
Book as the dealer must resell your vehicle. This is, by far, the most
convenient option. It is not often the best way to get the most for your old
vehicle.
Donate- You may be eligible for a tax
deduction that is equal to or slightly lower than the Kelly Blue Book value of
your car as long as certain guidelines are met. This is a very nice way of
helping others and getting rid of the old car at the same time. Consult your
tax advisor to see if this option makes sense for your particular situation.
For this
and other tips on how to improve your vehicle for sale visit us on the web at www.olympiaautomall.net .
For the best new or used car dealerships in Tacoma the Olympia Auto Mall is your premier choice!
The Olympia Auto Mall –
Washington's Largest!!!
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