Buying New Car - To trade in with car sales man or sell the car myself?

SingHiFi

Member
Hello,

If I buys a new car, which is a better deal?
a) Trade in the car to the salesman who sold me the new car (hassle free), as I gets to drive the car until my new car arrived.
b) sell the car myself, get the cash and purchase a new car?
My Car was bought on Year 2003.
 
Re: Buying New Car - To trade in with car sales man or sell the car myself?

Depends on the liquidity of the make and model of your car in question.

For instance, if your existing car is a "mainstream" car - ample demand for it - like an E46 320, then you are better off selling it off / exporting it yourself. If your car is a niche/cult car - for instance an Alfa 147 GTA - then you could be better off doing a trade-in rather than paying few more months of instalments (assuming you are on loan) trying to fight for a few thousands $$$ more.
 
Re: Buying New Car - To trade in with car sales man or sell the car myself?

kenntona;237504 said:
Depends on the liquidity of the make and model of your car in question.

For instance, if your existing car is a "mainstream" car - ample demand for it - like an E46 320, then you are better off selling it off / exporting it yourself. If your car is a niche/cult car - for instance an Alfa 147 GTA - then you could be better off doing a trade-in rather than paying few more months of instalments (assuming you are on loan) trying to fight for a few thousands $$$ more.
add in the cases where the guy who wants to buy your car cannot secure a loan!
 
Re: Buying New Car - To trade in with car sales man or sell the car myself?

no right or wrong answer
If u r the hassle free type of guy, then do trade in and bargain as much as u can...Remember, when u trade in , u r paying two spreads, ie the salesperson will take your car price at dealer's bid price and he/she sells the new car with full profit margin stipulated by the dealership. Sounds crap but good luck nonetheless.
 
Re: Buying New Car - To trade in with car sales man or sell the car myself?

if u sell driect, just be prepared to be carless for a period of time. coz direct buyer might not be willing to wait till ur new car is ready
 

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