Overhaulin'

Sell, auction or trade in car?

I have a 2001 Chevy impala, which has given me headache since I bought it in November 2007. I have repaired it more than three times and that has cost a lot of money. At the moment, its catalytic converter is bad and will need to be replaced. It is not running as it is. Now I am planning to fix it and sell it. What option will give me the most cash from the car? Selling it by myself or trading it in at a dealership, or taking it to an auction. It has 116K miles and looks like new.

Public Comments

1. You'll get the most cash by selling it yourself. On the other hand, its also the biggest pain in the butt. Auction would be my second choice, since you might get lucky & find somebody who gets caught up in the excitement & pays too much. Keep in mind that it will cost you money to sell it. Trade-in would likely give you the least cash, but would be the easiest route.
2. You will probably get more for it on Ebay, but set a reserve price so you get your minimum price. If you trade it in they will rip you off.
3. You must be careful when going to sell your car to a dealership. If you are not certain of what your car is worth then you can be at a disadvantage. Dont be suprised if a dealer makes a terrible offer. It's simple to get a estimate at a website to check how much your ride is worth. I have recommended http://tradein.123thebest.info - Good luck.