selling my ST. looking for advice (Not a For Sale thread)

[TruConspiracy]

Well guys, it seems the tables have turned for me and my household. I purchased my FiST last March and have decided to try and sell it. My wife has decided to go back to school and we are in the process of buying a house. I purchased the car as a commuter/hobby car and at the time of purchase the schooling and the house were not even an option.

Anyhow, on to the questions.

My main question is to get an opinion from you guys to see how the car would sell better. With all of my upgrades or as close to stock as possible? I will more than likely take a loss on the car seeing what I owe vs. what it blue books for. Any thoughts?

 

[2006ser]

Part it out then sell if you need to get rid of it fast Carmax will give you the most money

 

[2006ser]

Or wait put it on craigslist and see if you could sell

 

[TruConspiracy]

Carmax. ive heard about that. do they buy straight up or just trade in. and how close to blue book are we talking?

 

[TempeST]

Judging by your list of upgrades, I'd part out, then sell outright as close to stock as you can. looks like you have a good ~3k worth of extras on your car. That will then get you that much closer to paying it off for you to be able to sell it for cheaper.

 

[2006ser]

Carmax buys the car outright

 

[BeansNCornbread]

I've heard BEEPI will get you more than CarMax. Worth a shot there too.

 

[Brick]

Congrats on the future home purchase and your wife going back to school. Education pays for itself in the long run.

You should sell all your aftermarket modifications online and trade/sell your car stock. It's the best way to recoup the money. Too bad we were never able to get out to kernville together.

 

[madfiesta14]

Sell it stock.

 

[MyGoKart]

Having sold several cars to Carmax over the years let me chime in here. They seem to have their own pricing schedule when it comes to both buying and selling cars. They have paid above market value and made ridiculously low offers on vehicles I have brought in. Also, once management approves the purchase offer, they have no wiggle room on what they will do. They also ding damage quite heavily so keep that in mind.

Congrats on the home, Pics of the wife?

 

[Wimp Lo]

Is the bank with your car loan going to finance the house?

I am not sure if they can do this any more but if the house appraises for more than the selling price, some times you can roll the car loan in to the home loan and only have one payment.

That's usually not a good idea because you are paying off a car probably a long time after you no longer own it but some times it makes sense and when you look at it, owning a Fiesta ST isn't terribly extravagant.

Just thinking outside the box because it sounds like it will cost you money to get rid of it.