Need to sell my car, not sure where to start :(

[Peebly]

Well here is the story.....

I recently bought a car that I love and is great, but after serious discussions my gf and I have decided that I should go back to school and get myself a better edumacation). The problem is that my car is still worth quite a bit and I will lose money on it regardless. I guess my question is whether it is better to try and sell it to a dealership or go private like in the newspapers or in autotrader magazines....any help is greatly appreciated. (that and I have no bloody idea what to sell it for!!! AHHHH)....

My car is a 2003 Mitsubishi Eclipse GT
Silver
5spd
26,000km

let me know if I should post any other information about it.

 

[DaVortex]

dealerships will always low ball you on prices since they wont to buy low and sell high

the best place is to sell locally thru the newspaper

 

[dirtboy]

Look up it's blue book value and try to sell it for that. Odds are you are way upside down and you will be better off keeping it instead of selling it, especially if this is your only mode of transportation. Be prepared to pay off the balance of your loan at the moment you sell the car.

 

[Peebly]

I would LOVE to keep the car, but I won't be able to afford to go to school and keep the car. Anyone know where I can look up my blue book value in Canada? all I found was american sites. Any other tips/info is still greatly welcome

 

[rudeguy]

PM Skoorby?

 

[StageLeft]

Originally posted by: GoodDad
PM Skoorby?

I wouldn't buy a mitsubishi if you gave it to me with a fat check!

You probably realize that the age of that car, its miles, and the horrendous resale of mitsubishi mean that you're going to take a dirty, filthy bath with it when you sell it. You definitely want to go for a private sale, but be warned you're in for a nasty reckoning selling a 1-2 year old mitsubishi.

 

[Peebly]

lol, ya lost me on that one.... (at work, brain isn't all here)

 

[Peebly]

hehehehehe, I like them . Just can't keep this one.

 

[RossMAN]

Originally posted by: Peebly
lol, ya lost me on that one.... (at work, brain isn't all here)

He's trying to say that you're going to get SCREWED on the purchase price. So I wouldn't set your hopes that high.

If someone offers you a decent amount of $$$ take it and run.

 

[JulesMaximus]

Originally posted by: Skoorb

Originally posted by: GoodDad
PM Skoorby?

I wouldn't buy a mitsubishi if you gave it to me with a fat check!

You probably realize that the age of that car, its miles, and the horrendous resale of mitsubishi mean that you're going to take a dirty, filthy bath with it when you sell it. You definitely want to go for a private sale, but be warned you're in for a nasty reckoning selling a 1-2 year old mitsubishi.

Haha, I always laugh when I hear those "fastest growing Japanese car company" Mitsubishi advertisements. Why on earth would ANYONE base their decision to buy a car on how fast the company is growing? To the consumer I can't think of a more useless statistic.