thatguy2016
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I have very little experience buying/selling used cars - my life experience has been to buy new cars and drive them forever.
Right now, with my son graduating college, we are potentially selling a used car with a decent Kelley Blue Book value (KBB says it's worth $11k), and helping him purchase a new car.
My tentative strategy is the same it's been for every beater I've ever sold, which is:
1. Take it to CarMax and get a quote
2. Take that quote to the new dealer and use as leverage for trade-in value
Any thoughts on what I should expect Carmax/dealer to offer as a percentage of KBB value? I understand used cars may be at a historical high point in value right now.
Thanks for any insight.
Right now, with my son graduating college, we are potentially selling a used car with a decent Kelley Blue Book value (KBB says it's worth $11k), and helping him purchase a new car.
My tentative strategy is the same it's been for every beater I've ever sold, which is:
1. Take it to CarMax and get a quote
2. Take that quote to the new dealer and use as leverage for trade-in value
Any thoughts on what I should expect Carmax/dealer to offer as a percentage of KBB value? I understand used cars may be at a historical high point in value right now.
Thanks for any insight.