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Car Selling Question

Stumper

FBBO Gold Member
FBBO Gold Member
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Location
Bandana, NC
Question for you guys. What is the best way to sell a newer Mopar? Where are the best places to list ads? I have an 08' Charger R/T I'm trying to sell and these online Classic Mopar sites don't seem to be the place to move newer cars. Any suggestions?
 
Other than AutoTrader.com or WheelerDealer.com., maybe contact one of those reality shows that flip or customize cars. Just writing what my brain says.
 
I vote for Craigs List.Lots of used dealers search everyday for cars that their customers are looking for.Also you may have someone looking for that make, model, equipment etc. And your car may just be the ticket. I purchase Dodge diesel trucks for a guy in PA. He searches Craigs List, sees something that his customers might like and ain't a rust bucket. So far 23 in 18 months.You never know........Good luck !
 
Craigs list I have not tried. i've had it up on Racing Junk but I don't think that's the best venue for newer cars. Charger.com ?? I'll have to check it out..
 
Some of the older generation still dont do the online thing so you might try posting it in the classifieds of a newspaper.I think you can do the classified ad thing on ebay also.
 
Local Craigslist or Autotrader.
Realistically, an '08 Charger is nothing really that special that I would want to travel half way across the country to buy one.
 
Local Craigslist or Autotrader.
Realistically, an '08 Charger is nothing really that special that I would want to travel half way across the country to buy one.

No, for sure it's nothing special. Just a really clean R/T. I would imagine a potential buyer to be within a couple hundred miles from me. Just need to figure out the best way to reach them. My sense is that no one reads newspapers anymore. We do have a regional stuff for sale publication that I could try. Craig's List might be another. Ebay ..... they just plain suck and I won't use it, period. Anyone ever try selling a newer car to Car Max?? I see they advertise buying cars but I imagine they are like any other dealer and will try to make 25-30% profit on it?
 
Car Max might not be a bad option for this car. Economy aside, there's a lot more interest in the 2011+ cars, and with dealer incentives being what they are, it's usually better for someone who does want a new Charger to buy new from a dealer. What's the mileage on it?
 
Mileage is 56,000. I've gone ahead and listed it on FABO and also on CL. CL is a pain in the butt because you have to choose at city area and I am about the same distance from every big city in NC...
I wish they would do it by state or regionally.
Here is a link to it on CL in case anyone here is interested...
https://post.craigslist.org/manage/3690740716/5ysdu
 
You can post it in other nearby areas on cl by just changing the add a little.
 
I did some checking. Chrysler is currently offering about $6,500 in incentives on these cars, plus there's another $1,000 in dealer incentives, so you can buy a brand new 2013 RT for about $23k, with low finance rates, and a full warranty, all of which is going to make it tough to sell a 2008 car for $18,500, especially when financing rates are going to be a lot higher.

Looking at the auto trader dealer listings, 2008 RTs with similar mileage are listed at $10,000-$13,000, and again those are dealer prices. Private seller prices are usually a couple grand under those, but the two similar cars I'm seeing on CL down here are both at $19k, so I'm guessing those owners are using KBB numbers too.

One thing about using KBB numbers. It looks like you are using the Excellent numbers, which is what most private sellers and customers use. Most dealers use the Fair numbers because people always tend to overstate the condition of their cars. When you've seen a car for years and years, it's easy to get numb to some of the warts that are on it. Things like little chips and scratches, tire wear, holes or small defects in the upholstery, stains, etc., become invisible over time, but those are the things that someone who's buying the car, and looking to knock the price down, is going to lock in on from the start and either want fixed or get a credit for. I saw that happen a lot when I was working at a Ford dealership. One person's "there's hardly any miles on those tires" is another's "those tires are worn. I want new ones."

The other challenge you're going to have is financing. Cars with five years of age, and over 50k, can be very hard to get financed because banks have a very hard time making back the money they lend if the borrower defaults. That's why they like to make loans on new cars more than used ones. Cars like this were usually classified as cash cars at our dealership because they usually couldn't get financed at a decent rate and we would end up having to sell them to someone who could pay for them out of pocket, which meant pricing them at under $12,000 or so and selling them at $9,000 or so.

That's why I'm thinking selling your car to a dealership would likely be the best way for you to go. I don't see much chance of you getting anywhere near your asking price from a private sale, plus you're going to have to spend a ton of time talking to and meeting a lot of people who will end up with financing issues. Selling to a dealership means less money but it's a lot less hassle too.
 
Car Max might not be a bad option for this car. Economy aside, there's a lot more interest in the 2011+ cars, and with dealer incentives being what they are, it's usually better for someone who does want a new Charger to buy new from a dealer. What's the mileage on it?

Car-Max will give you the Trade-in-Value as listed in the NADA.com site for consumers. They only buy really clean cars.
 
$23K for a new 2013 Charger R/T???? Mine had a list on it of over $30k 5 years ago and I bought it through my company fleet sales for a bit over $26K cash. I've also looked them up on Ebay and the 07-09' range are all in the upper teens to low 20s? I appreciate your help but something doesn't quite add up here. I can't see KBB and so many Ebay sellers being that far out of line. The $19k KBB price is in fact for an excellent condition retail sale but this car is in excellent condition. I am a bit negiotiable on price but I would not think of letting it go for $13K -although I'm sure that is what a dealer would want to pay for it.. which is why I am selling it outright.


*** Just checked NADA.com and they show a clean trade in value of $17.1 and a clean retail of over $20K, so very close to what KBB has. They give
me a list price of just under $30k for a new R/T (without dealer crap of
course) and show only $3500 for incentives? ***
 
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Shoot, if I could get some good looking naked chicks to pose with my car I'd keep it...
 
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