How does this work?
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Member
Joined: Mar 2004
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2005 C230
How does this work?
I bought an '05 C230k back in June. I have a couple of investment opportunities coming up and I want to sell it. I still owe money on my loan so how will I be able to sell it privately? If I have to I will go to another dealer and get a less expensive car. Do you guys think I can get another dealership to payoff my loan and sell me another car at a reasonable price. I'm thinking of getting something simple like a camry or accord. I called MBCredit but they were already closed.
MBWorld Fanatic!
Joined: Mar 2003
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From: Hollister, CA
03 C320 (For Sale), 08 Audi TT
You are better off selling your car yourself instead of trading it in. The dealership will lowball you. Hopefully you owe less than what the payoff on your car is, therefore you will have some money to put down on a less expensive car. Good luck!
Banned
Joined: Feb 2005
Posts: 12
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From: Boston
Broke ass played out, unoriginal 03 C230K with PANK lights!
I was thinking the same thing sellin my car privatley. Would a dealer trade a more expensive car for a lease expensive car and give you the remainding money
Super Member
Joined: Jul 2002
Posts: 757
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From: Oregon
C32AMG
Originally Posted by c230_617
I was thinking the same thing sellin my car privatley. Would a dealer trade a more expensive car for a lease expensive car and give you the remainding money
MBWorld Fanatic!
Joined: Nov 2001
Posts: 5,851
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From: Huntington Beach, Ca.
'17 Jaguar XF
Doesn't look good...
Selling an almost year old car will be a money loser. You still need to make your loan payments or pay it off completely. You know how much you owe so do the math based on at least 25% depreciation (SWAG). Mileage, condition of the car, and options will either help or hurt you.
Out Of Control!!
Joined: Dec 2001
Posts: 12,161
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From: Obama Land
K Car
Originally Posted by coconutpolito
I bought an '05 C230k back in June. I have a couple of investment opportunities coming up and I want to sell it. I still owe money on my loan so how will I be able to sell it privately? If I have to I will go to another dealer and get a less expensive car. Do you guys think I can get another dealership to payoff my loan and sell me another car at a reasonable price. I'm thinking of getting something simple like a camry or accord. I called MBCredit but they were already closed.
As pointed out, most likely you will get more money by selling it privately, but you are sure to lose quite a bit on it.
Senior Member
Joined: Oct 2004
Posts: 273
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From: California
C230K
Sell it privately! Revstriker is right, you may lose out either way...but you lose less if you do it on your own. Hopefully you'll be able to find a buyer who would pay your asking price if not more! But that's the advantage you may have selling privately compared to a dealer!
Good Luck!!
-Isla
Good Luck!!
-Isla
