![]() As a benchmark, we used the mean private-party value of $19,498 to see how it compares to our plethora of quotes. The range of prices had some significant variance, but we did find that dealership-based quotes were on the lower side. Just for giggles, we threw in the MySubaru guaranteed trade-in program (GTP) offered on the MySubaru website. We settled on using a traditional dealer trade-in quote from a local dealership, a quote from CarMax, quotes from a mixture of different websites, including: Carvana, Vroom, Truecar, and Kelley Blue Book. The car is a base model, with Subaru's EyeSight driver-assist system and some all-weather floor mats as its only optional equipment, and it sold for just under $22,000 when bought new in August 2018. To get a read of the market on our own, we used a staffer's 2019 Subaru Impreza hatchback as our bogey car and plugged in all its info to our various websites and sources. Dealers beware: buyers are going to compare trade-in prices with numerous offers they receive from these online companies, so it may be time to step it up a bit in terms of valuation. That's in addition to not having to worry about the uncomfortable situation of haggling for the price you want-on most sites the price you see is the no-haggle final price.įive years ago, it would be quite uncommon for someone to buy or sell a car online, unless it was a private sale on Craigslist or Facebook Marketplace, but in the last couple years we've seen the popularity of companies like Carvana and Vroom explode due to the ease of use, convenience, and hyper-competitive pricing. Instead, buyers can now sit in the comfort of their home browsing expansive lists of vehicles that can literally be delivered to their front door. When selling private party, you are the salesperson, so while you might get every penny you're asking for and have the ability to negotiate price, the cost there is having to do all of the footwork yourself. In fact, it's not like private party sales are a cakewalk either. Buyers no longer want to sit in a stuffy showroom for hours on end only to be told that their trade is somehow worth $2000 less than they were hoping for or get pressured into buying something different by a salesperson that thinks they know better than them. The last couple years we've seen great deal of change, and that much is true within the automotive sphere as well. Fortunately, selling a car has never been easier than it is right now, whether you choose the old-school option to trade-in at the dealer, one of myriad online options, or something in between like a CarMax, there's a method out there to suit just about everyone. With selling and buying prices at a high, you'll get more for your old vehicle, but you'll pay more for the new one too- about 32.7 percent more-compared to what it was last year around this time. The used-car market is booming right now, particularly if you're looking to sell.
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