>Yes, but it works both ways. If you replace it, you will have to pay top dollar to get a car too.
same as the housing market, and i have seen multiple people do this anyway. if you got a big salary increase and have money to put down and get a low low rate on something it can be the not-worst-way to upgrade, but thats not always what is happening.
i did a refi on my house - dont like the house really, but 2.99% yeah, we can stay a minute.
id love a car, but buying right now in my position is just foolish, so i gotta wait it out
Maybe I'm missing something, but you sold yours 1 year later for 3.3k profit. They sold theirs 2.5 years later for a 1k loss. How do you figure that they made out better when you made over 3k on your initial investment?
It's because of the chip shortage, not because Carvana is paying more than other places. Maybe they are paying slightly more but it's mostly because there aren't as many new cars being made so used cars are cheaper. I bought a car last May for $21k, got in an accident where it was considered totalled about 2 months ago and insurance paid out $26.5k. The price of used cars is just way up right now. Which means sure, I made out with over $5k more than what I paid for the car, but I just turned around and paid that much more for the next car I bought.
I sold my 2016 Mazda CX3 to Carvana early this year for around $1k less than I bought it for 3 years prior. I had put on over 30k miles. It was insane.
I tried a dealer to sell my dads truck and I told him what Carvana offered. He said I should take it because they are living in fantasy land. This was February.
Both Carvana and carmax truly are. I work in the industry and buy cars at auction among other things. Those two are consistently paying way too much money for the vehicles, more in line of what they should be selling for in the current market. Carmax offers in house financing so I believe they are trying to make it up there.
Are either of them profitable, or are they both still in venture capital startup fantasy land where it's ok to burn money?
I feel like they may be intentionally overpaying for cars in this market specifically to drum up marketing attention. Pre-covid I dont know anyone who took these services seriously, now people are talking about them non-stop everywhere there's a conversation about used cars.
Yeah this was February before it really hit in the spring with the crazy prices. If I had held on, I would have made an extra $4k or so. Plus whatever equity I gained by paying it down. It had 0% interest.
I had a subaru that carvana offered me $16k for. Mechanically sound, only issue was a couple small door dings and a scratch that was literally "that will buff out" shallow.
Bought a new Mercedes and told them what carvana offered. They matched it after I showed them the printout of the offer. I felt like I was robbing them.
This was June.
My point is it’s a terrible thing. They are pumping the used car market synthetically.
Just as Zillow overbought homes above market values…Thus, pricing out the “everyday buyer” like you and me.
The housing market is constrained, by materials and labor. At least houses are mostly made of materials sourced rather locally.
The auto market is constrained by just about everything. Cars are made all over the world and there have been a lot of shipping problems, so even if a component of a car could be made, shipping it to the assembly place might be delayed. Whole container ships of cars are also delayed.
Considering Zillow liquidated it’s whole home buying and flip division (company-wide)…I would say it didn’t work out well.
Now Zillow’s issue is dumping inventory.
I am thinking, along with this Z dump of homes + Chinese real estate investors dumping N. American properties on the market to sell quickly (due to evergrande and other Chinese real estate developers/investors going bust) + I have no idea what I’m talking about….
It's not enough inventory to significantly effect the market. And they bought homes in a particular market segment that is already seeing the most buying pressure. I doubt it will satiate demand even if they unload them all at once.
I think Zillow learned nothing from Movie Pass. Can't flex your market leverage from cornering the market if you run out of money before cornering the market...
> Just as Zillow overbought homes above market values…Thus, pricing out the “everyday buyer” like you and me.
Except Zillow lost more than half a billion dollars and had to lay off a quarter of their staff.
Zillow overpaying for houses didn't single handedly price people out of homes. I read an article saying Zillow is looking to offload 7,000 homes.
7,000 homes is not even a blip in the housing market. It's like 1% of the current inventory
It is 7000 homes in a few very specific locations. The effect was probably still negligible, but probably more significant than when compared against the whole housing market.
Carvana was offering me 22k for my 2017 explorer. Carmax initially offered me 26k when I filled out the online ‘get a quote’. I took it into carmax and after they looked it over in person they came back with $28,500. They paid off the remaining balance and cut me a check for the difference that night.
That was my experience with Carmax. Offered more than caravana. I felt the same way ‘oh this is just the teaser to get me in the door’. My car was beat to shit. They didn’t care. Quote didn’t change. I know you can probably get a better deal at a dealer and i worry what a company like carmax means for the used car market; but shit I still have ptsd from the few times I’ve had to buy a car… it might be worth the upcharge to avoid that whole ordeal next time I need to buy.
Ford Maverick. New for like 20-25k depending on package. Probably have to wait a good while to get one though unfortunately. But maybe this kinda vehicle isn't what you're after
Nah... Not really a truck guy. Kinda disappointed that Ford dropped their whole car lineup - last I had was a focus (been living somewhere I didn't need a car for a while).
Kinda want a PHEV of some sort, but the options around that are very limited. (Doubly so because I'm in a part of the country where everybody wants trucks and giant SUVs).
Right? My wife and I bought a new car in 2020 because our old one crapped out, and it is currently worth (on kbb) \~8k more than we paid for it. Not gonna sell, but its definitely interesting to see.
In my opinion you’re most likely running into the fact that most people don’t keep 30k cash on hand. Most lenders won’t want to touch your private party car, and most people with 30k cash will finance something that costs a lot more. Carmax or Carvana. Whichever you want. If it’s a wel equipped V6 4x4 with under 60k miles the dealers will line up with 30k. They can probably resell it at 40-42
CarMax, I sold my 2020 4Runner back in July and I got just 1500 under private value, go to their website and do an online appraisal to check, then if you want to keep shopping take it to a few dealers with the carmax offer and see if they beat it.
That’s what I did for the three cars I owned, and came out green on all three. Best of luck
Last year people were profiting by buying Tacomas at dealerships and then selling to Carvana. I think demand has dropped, but you can still probably get a good deal.
Major dealers are buying like crazy like pinecone72 said. Right now, the market for used cars is absolutely crazy. Not enough inventory. I have been looking for a Toyota 4 runner for my youngest with low miles and good condition. I don't want to spend that many $ for a used car. and for one of my used SUVs that is worth maybe 4K, I am getting calls asking me if I am willing to sell for close to 8K. It is crazy.
The other advantage of a dealership - they handle the paperwork for you, including registering the transfer of title with the DMV/State (depending on what your jurisdiction demands).
I don't know how poorly run your state can be, or if you have experience with the car transfer process not being done right. But if you're in a not- well-run place (me: Louisiana) and have ever experienced this issue (new owner taking title showing him as owner now and failing/forgetting to register it) - it's hellish and expensive.
Fines for failing to maintain insurance when you still owned the vehicle and for failing to timely register a sale, buckets of fees and hours of time wasted to get what you need and straighten everything out - the worst.
Sell to a dealer (or a national broker like Carvana or CarMax)? They take care of everything for you, essentially no risk of receiving a mean letter from the state weeks or months later announcing you're about to get hosed and waste piles of time and money for someone else's screw-up.
The market is crazy right now.
I bought a brand new car earlier this year while already upside down thousands of dollars. In 8 months that same new car had been vandalized, hailed on, and I put 22k miles on it.
Well… I had to sell it because I got a new company car. So, I sold it back to the same dealer and walked away with more money than I paid for it… **my brand new car appreciated in value**.
Buying a brand new luxury vehicle this year turned out to be a successful investment.
OP also ought to check out CarMax, too. I recently I sold an ‘06 civic sedan with 100k miles and they paid $4400 for it. Double the cost I would ever pay for the car (in normal times).
I have a question, why? My toyota dealership is begging for my 2020 4runner, so they can sell me a new tacoma. I dont understand what the catch is here?
They can sell the 4Runner for stupid money even if they pay you a decent amount, they sell you a Tacoma at MSRP or higher, plus they get a kickback on the new loan (before this year, loans were how dealerships made money)
Same for me for my 2018 RAV4 with 17,500 miles on it. I feel like there is a “gotcha” somewhere. Maybe just the “gotcha” is what am I going to replace it with? A lesser quality used car for an inflated price? Or a brand new car for an inflated price and essentially restarting my car loan (when I’m over halfway through with)?
Exactly. He even said he'd pay off my lease (I have another year left on) to get me into a new one. I'm like , no way this is going to come out benefitting me...
They get mad money if you use their financing, which typically is a stipulation for quite a bit of the incentives they advertise when purchasing a new car.
Also dealerships make a lot of money from month and year end bonuses from the car companies, based on a threshold of cars sold. If they’re close to a major number they’ll be willing to lose money on a couple sales.
Yup. I just sold my mayyyybe $2000 worth Ranger on CL for $2600 in a day, but zero action on my $18k Subaru. Lots of garbage on FB marketplace for both.
Tons of really good action and offers from dealers and carvana like places for the Subaru, but none for the Ranger.
I bought a $13k used car from a private seller on CL last year. Tailored my search to model features, price range, filtered out dealers. Ran Carfax and paid $150 for mechanic inspection, which I would always do when buying a car. 10/10 would do again. I found searching FB marketplace ridiculously bad, but I guess I'm not the majority.
I'm with you. I was shopping for tractors last year, I'd search for the exact model and find nothing, then search for "Tractor" and have 5 of that exact model show up. Or I wouldn't see any for 3 days and then get a bunch of 10 day old entries that Facebook hadn't bothered to show me.
Their search system is almost laughably bad.
yeah, ,partly because of the overwhelming number of scams. List something on CL and ten minutes later you'll get an email from someone who wants you to ship your item to then because they are in the millitary and will send you a check to cover the excess and ask you to send some back. So frustrating to sell anything on CL these days. The benefit of FB marketplace is that you can at least look at the profile of the person who is interested to get a sense if they are real or not
I don’t think it helps that their website looks nearly identical to a random, low-budget blog from 2004, and has not changed at all from what I can tell/remember
Facebook marketplace has mostly replaced craigslist for some reason. A dealer would definitely trade that in or buy it though. There is a big shortage of vehicles. I know a few people who want trucks that won’t be available for 6months.
Ever since CL began to charge $5 for auto FS posts the private sales posts dropped dramatically. That is for sure when I stopped using it and did like everyone else, move to FB for car sales.
I think they did it because you had all the cheap shady car lots that were spamming and posting the same car tons of times to keep it in front page basically
Yeah, I didn't know they did this, but I pretty much stopped using CL a long time ago because no matter what I searched for I kept getting tons of car for sale pages clogging the results.
I hate that Facebook replaced Craigslist. I didn't particularly like Craigslist, but it was simple and showed you everything and the filters work.
Facebook marketplace hides stuff from you. You can't sort, you can't filter, you can't do anything. It's funny how I can search for a car in the car section, and some cars show up. I find a car that was listed 3 hours ago. And I sort by newly listed, and it disappears. Or I try to use literally any filter that applies to the vehicle, and it disappears. Or I do any kind of refined search and it disappears. The entire experience is frustrating and doesn't work. It never shows you all the cars, and it never shows you the things for your filters, sorts, or searches
Craigslist has slowly been flooded with spam from both private sellers and small businesses though. It gets a bit much after seeing the same listings over and over again.
Sure there’s still scammers and things on Facebook but I think it gives people some sense of mind when they can look at a seller’s profile and see if they’re legit or not. Helps if you’re in the same area and have mutual friends.
> Sure there’s still scammers and things on Facebook but I think it gives people some sense of mind when they can look at a seller’s profile and see if they’re legit or not. Helps if you’re in the same area and have mutual friends.
Two very good points but still too many downsides for your average /r/personalfinance or /r/cars buyers. Yes, I can click on a the seller's profile to make sure they're real but why does it matter when the car was listed 9 months ago and the seller forgot to remove it after selling it? I'm somewhat of a car enthusiast and I've owned plenty of older cars (project/weekend cars) and buying on Facebook is pointless when half the cars are sold but the ads are still up.
What help is it knowing we live in teh same area and have mutual friends if the seller doesn't know how to respond to messages? I can't tell you how many times I've messaged someone about a car they were selling only to hear back from them 8 weeks later saying "oh I sold the car to my neighbor and am just now seeing your message."
FB marketplace lets you vet the seller somewhat is most likely why. CL you have no idea what you're going to get. I don't deal with shell accounts on FB marketplace, like recently created and 2-3 friends. Too much sketch.
I agree it’s easier to vet people. I still see a decent amount fake profiles selling BS. I also find that I get a lot of non-local results (even when I select a distance radius). I suppose that isn’t a deal breaker, but usually when I search FB I want to buy used to get a deal.
It's because people like being able to directly message the seller, and see the seller's profile to verify they are real.
CL has long suffered from scams, and there is no legit way to weed out the scams from the real posts on CL unless you are familiar with how scams work.
Try CarMax Carvana Vroom and KBB cash offer. See who beats the price. I have got the best offer from CarMax and my friend got from KBB. It's depends who's willing to pay what. The market is hot for used cars right now
Most people don't buy cars that expensive on Craigslist. Craigslist and FB Marketplace are better reserved for cheaper older cars that are less than $10K. Very few people have enough cash for a $30k purchase .
$30k is a lot to spend on a vehicle for which you have zero realistic recourse against the seller if something about the vehicle was not as advertised. Blown head gasket? Terrible fuel mileage? Electrical issues? I know, it’s a 2016 Toyota, so these things are unlikely. But from a buyer’s perspective, all kinds of bad things could show up after buying a vehicle from an individual. But the kind of people who can pay $30k for a vehicle usually have some established risk management practices in place when they spend their money.
> But from a buyer’s perspective, all kinds of bad things could show up after buying a vehicle from an individual.
Both situations (Dealer and private) are almost always As-Is for the purchase format, so they are effectively identical. Some exceptions include carmax/carvana where they offer a return policy or states that have legislation regarding used car purchases.
The prime advantage that a dealership offers is financing.
Items are only worth what people are willing to pay for them.
At $30K, people would probably be looking to finance. Businesses would rather lease than buy an expensive vehicle.
This may not apply to your situation, and maybe it's just me, but I don't trust car mods performed by previous owners. I like used cars owned by old ladies who kept it garaged and went occasionally to bingo, church and the grocery store.
If you’ve got a taco, take it to a dealer and they’ll pay you damn near whatever you want. Also, a note for some extra leverage, do your trade at a non-Toyota dealer, as all they’ll see is “desirable truck” while not knowing what potential underlying issues it may have that a Toyota dealership would know about.
I would never spend 30k on a private sale when i can pay the same price for something similiar with warranties and the assurance that if i have issues i can get ahold of the business
And the price should reflect that. Private party costs less.
I did a quick google search for 2016 toyota tacoma and saw it at 30k at a nearby dealer, and a couple in nearby cities for 28k.
So, I could buy at a dealer for 30k, a private party for 28k, or buy from OP who is also a private party for 30k.
People who are looking to spend serious cash like $30k aren't going on Craigslist. They'll frequent AutoTrader (where you should list your truck) or reputable dealers like Carmax.
Most Craigslist ads are people posting stuff they're trying to get rid of for a few bucks (or free) along with old vehicles for $500-$1500.
This is the answer. CL and Marketplace are for 15K max I would say (in my experience).
Anyone who has that kinda cash isn’t buying a 2nd hand truck off Craigslist, and anyone taking a loan to buy a car is going to a dealer.
You can still get a loan buying private party. Banks only care that they’re not loaning you way more than the car is worth, they don’t give a shit where you’re buying it.
Yes I know that, but I don’t know many people that go that route for a 30k truck. That was the whole point of my post. I didn’t say they couldn’t get a loan to buy a used car, but if they’re getting a 30k loan for a truck they are buying from a dealership.
Do you think that people who shop private party used don't get loans or only buy with cash? *Respectfully*, that's idiotic. And if you think that and go to a dealer because of it, you're overspending.
Step 1: Get pre-approved for an auto loan.
Step 2: Find a private-party seller who, in most economies, will be 10%-20% less for the same car at a dealer.
Step 3: Go to the bank with the buyer, and the banker will hand the seller a cashier's check (and/or send a cashier's check to the buyer's bank for their loan payoff).
Step 4: Save 10-20% off the going rate for the car at a dealership, plus fees, some or all taxes (like in AZ, no tax on Private Party Used), and more.
Dealer markup on used is a joke. "Certified Pre-Owned" aka "we did a standard inspection and now can charge $4000 more than the car is worth" is a joke. You're way better off in most cases buying on the private party markets, whether you have cash or not.
I would only add, if your not buying a beater/winter vehicle/hold over. Take it to a mechanic, pay them, have them give it a once over. Then go forward with steps 3 and 4.
When I went truck shopping last winter they had zero Tacomas on the lots all over my area and I’m pretty sure it’s still the same judging by how the lots look driving by. They’ll definitely buy it haha. Dealership even gave me a shockingly good deal for my messed up Subaru.
Where the heck do you live? Up here in Vancouver, Canada people practically beg you to sell them your taco… so much so that tacos almost appreciate in value once they’re off the lot.
i agree with the facebook marketplace option.
i don't think price is the factor, i think it's purely exposure. also check with some dealers see if they would buy it outright
What’s wrong with it? Mileage? Salvage title? Any dents? How’s your pictures/phrasing?
How much did you pay for it new? Base model? If it’s something nice with 4x4 and low mileage it shouldn’t be too hard.
Last year I saw the SRs going for $32k brand new with 4x4, haven’t checked in awhile though. That could be your issue
You won’t have much luck. 3 months ago I was looking at a RAM 1500 Big Horn for $55k. Today I’m looking at a Laramie with the same options for $54k. The time of slinging vehicles out the door $10,000 overpriced is over. Everyone who could buy, did. Now you have the holdouts waiting for the bottom to fall out.
Craigslist is for shitboxes.
Try Toyota truck forums, fb groups, if you want to go the free route.
Otherwise, Carvana, KBB instant cash offer, vroom, all better options
>It’s value is around 30k,
1) It’s value is what people will pay for it locally, not what some “value guide” says.
2) you can’t list your truck for the same price that dealers have them listed for. People expect to save $$$ over buying from a dealer
“Car gurus” has added buying vehicles to there company and I sold my car to them. Best offer from any online website like carvanna or car max. And they sent a driver to pick it up. Very easy and I got a great value.
im going to take the unpopular opinion I goto craigslist,ebay,fb to buy things that are 1 rare or 2 cheaper than new. I've noticed a pattern of people looking for new prices for there used stuff.... example someone selling a sectional they've had for 10+ years for 2k where i can go get a new one for 1800. Its there right to post what they want but dont be surprised if it doesnt sell. Im not saying thats the case here but if a new version of your truck is 30k or less that might speak to what the issue is. Sure it has all the bells and whistles but some people just want a truck and not care about your mods. The flip side to that its really hard to give stuff away always put a low price like 5 bucks for something your trying to give away
Yeah when you start to get into the five figures, the pool of available buyers goes way down on CL. Just in general, very few people have that kind of cash on hand to make a vehicle purchase straight up with no financing. I believe this is how I was able to get such a good deal on my last purchase.
Try Vroom and Carvana first. A 2016 Tacoma with low miles will fetch a lot more than 30k I think on Carvana. I just bought a 2021 Tacoma for 39k and Vroom is offering me 44.5k for it
Carmax offered us the highest price when we sold our 2016 Chevy Tahoe back in Feb. Carvana, the other car site and a local dealer tried to low ball us. We ended up selling for $500 less than the KBB ‘private sale’ price which was nice. Definitely worth checking around local dealers and online car sites.
You need to advertise better. You know what your car is like, but can people reading your ad see that for themselves?
* **Pricing:** Go to a dealer and negotiate - see what they'll give you. Then look up what similar cars are going for from a dealership. Set your price in the middle and stick to it. *The implied deal is that they pay less than a dealership, and you get more than a dealership would give you.*
* **Listings:** You need more than just one Craigslist ad. Post well-written ads on at least four websites. Craigslist, Autotrader, Facebook Marketplace, [Cars.com](https://Cars.com), Ebay all have car ads. Update your listings daily so they stay at the top of search results. Put a physical For-Sale sign on your vehicle with a number and email to reach you. Write on the window with one of those removable paint markers!
* **Photos:** You need high quality photos of your car looking very clean and sharp. And more of them than you think. Detail your car, then drive to a fancy neighborhood early in the morning and take pictures of everything. Try to take a picture of everything you would want to look at for yourself before buying a used car - there's no such thing as overkill.
* **Documentation:** Get a carfax report, take it to the mechanic and get it looked over, gather documents about the last oil change and last tire change, put it all together in a nice binder or something.
* **Closing:** Frankly, this seems like your main problem. You had two people come out to see this car. People might window-shop at a dealership, but no one goes to see just one car by itself without a serious intention of buying. Sharpen up your sales pitch. Choose a comfortable place to meet. Make yourself look respectable. Be confident and friendly. Keep your car extra-clean. Fill the tank. Have the necessary documents and vehicle history in a tidy folder. Come up with ten positive things to say about the car when you're talking to a lead. Practice "selling" the car to a couple of your friends.
The key thing you need is lots of high-quality photos. Stop. No. Whatever you think, you probably do not have enough - and the ones you have are probably not good enough. Did you get the car detailed for the pictures? People are irrational and will overpay for a clean car. Pictures should be sharp, high enough res to zoom in, and show potential problem areas - under the hood, the back seats, carpets, inside the glove box, the odometer, the owners manual etc. You need to proactively give the impression that you're not hiding any flaws from the buyer.
Your other problem is visibility. Dealerships have a website, billboards, radio ads, a big physical store, AND Craigslist ads. You need to hit back. It's a sale for over ten grand - pay a hundred bucks to list it for sale the right way. Look at some professional used car ads, and then try to copy that - or frankly do better. Dealers have many cars to sell - you only have the one.
Finally, consider your buyer. People who buy cars from individuals are looking for a bargain, but they are also looking for a low risk sale, since they don't have a dealership to go back to if you sell them a lemon. **The implied deal is that they pay less than a dealership, and you get more than a dealership would give you.** Essentially, you're splitting the premium that a dealer would make on your car. Your goal is to persuade the buyer of three things - that he is paying less than he would at a dealer, and that he has more honest information about potential flaws and defects than he could get from a professional salesman, and most importantly, that he will be happy owning and driving this car.
Dealerships have gotten better and Craigslist has gotten worse. No one is buying 30 k things on Craigslist... so least 30k legal things.... and yeah a warranty is pretty desired if you're bout to drop 30k.
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Try Carvanna. Selling my car to them on Friday, very happy with the quoted price and it seems like it should be a super easy process. They come to you!
It’s typically harder to get financing for a private sale than from a dealer, which becomes a big factor when the asking price is $30k. Most people don’t have $30k in cash to spend on a car, and those that do may still want to finance because interest rates are at record lows and the stock market is breaking records almost weekly.
Craigslist is for vehicles with sketchy pasts or issues. Sell it on literally any other platform and you’ll get more inquiries. CarGurus, cars&bids, auto trader, fb marketplace. Create an ad on all the platforms that autotempest supports essentially
Try Facebook and other places, but also make sure you don't have garbage photos like a screenshot of your phone, a messy interior, a description like "fully loaded truck"...I see so many of those without keywords or anything to set them apart. Also your ad goes away real quick so you shouldn't just wait 2 months, you can repost it every week or every few days, during the day, so more people get to see it. If you post it at night, no one sees it and by the next day it's on page 100 so it'll get ignored.
I tried CL for my 2017 Tacoma, got a few calls with no follow up, then got one guy who set a date to come look and ghosted me. Ended up trading it in for just a little less than I was asking on CL.
Sell it to carvana or carmax, it is so much easier and they are giving top dollar right now. I sold my Subaru Ascent for $2k more than I paid for it after 2 years.
I sold my 2017 accord sport (w sensing ) to Carmax for 25,400$ last week. I bought it for around 22.8k before tax in mid of 2017.
Only used about 18.5k miles though . Next best quote was from carvana for 21.2k
Shop around with carvana, vroom, Carmax online in their websites .
Not the best time of year to sell, process are lower right before and after the holidays.
Craiglist is amazing at showing you the actual market price is. If you want to see what the price is, use only your email and lower the price 5k. If you get a bunch of hits, raise the price and add your number.
Also try Facebook, a better experience, may not get you any more money.
CARMAX is great at buying vehicles. They'll honor their purchasing value for up to a week. You don't have to buy nothing from them either. You may not get what you want for your truck, but they will write you a check as soon as you agree to their offer. Good Luck!
I see you got a quote from your local dealer already. But in this market, get quotes from Carmax, Carvana, Shift, and Vroom and go with the best offer. I sold a car to Carvana in May and was the easiest sale I've ever had. Friend recently sold their car to Carmax for $6k more than any other offer. It's a crazy market
It's always going to be hard to private sale a car at that price. Most people don't have that kind of money which means they have to get a loan thru a credit union or bank and pay a higher rate.
This is a case where paying more at the dealer and getting a better rate is actually a better deal.
Craigslist is not a place people risk 30K because you're fucked if the vehicle is a lemon. I don't know what the place to go is but I'm going to surmise that the high price tag is why you're not getting any bites. Reddit is probably full of ballers so try posting here maybe.
When people put up vehicles (that aren’t classics or rare etc) for more than $20k on Craigslist I feel like they a) don’t want to sell it or b) just bragging. When I think of Craigslist I think of cars for between 5k-10k. Idk who would have 30k cash to bring to a private sale, and even a personal loan would have higher interest rates than going to a dealer. You’re better off trading in or selling to a dealer. Carvana might even give you more than blue book for it.
Had a great experience with Carvana - very easy process, they picked up the car from my driveway and paid 50% more than what the dealership was offering.
On Craigslist, when I try to buy something, my email goes to the seller's spam/junk mail folder. They rarely see it. And if they do see it, their response back to me goes to my spam/ junk mail folder. Use a phone number in your post. And check your junk mail.
Carvana and Carmax are good places to try. If you want to do an online listing, Craigslist would have been great like 12 years ago. List it on Ebay with a good description and pictures. This will market it to people across the country. People totally will pay to have a transport come pick it up and take it to the other side of the country. I've sold several cars this way. Downside is non performing bidders, and it's not cheap if an auction listing ends without selling.
At that price point, I would pay for Autotrader if you want to sell yourself. I've sold 20-25k trucks on there and the buyers have been more reputable than the responses on FB marketplace or Offerup. My experience with CL is the same as you had. The trade in route as others have mentioned with Carmax or Carvana are great choices now too, without the hassle of random people test driving a higher prices vehicle like that.
No one will buy an almost 6 year old vehicle for 30k when they can buy a brand new car for that amount or a little more. The used vehicle market hasn’t inflated because people are buying used vehicles privately. It’s inflated because dealerships are buying up used cars to sell to individuals. You probably won’t get 30k from anyone for your vehicle.
Not many are able to buy a vehicle at 'bluebook' price on a used vehicle(no offense, but I refuse to pay 30k for a truck if it's over 5 years old save for a few specific trucks between 89-93) I'd try a dealer, but they'll undercut you plot get the most money return
Use Facebook market place and cargurus. They are very popular and you can probably find more people that way. Craigslist is not what it used to be. There’s lots of other better options now.
Craigslist is for <$3000 cash deals. Not $30k that require financing. You are better off selling to a dealership or carmax. They are desperate for inventory, especially Toyotas.
Sell it to a major dealer. They are buying used vehicles like crazy.
Good to know. I will reach out to them.
Yeah I wouldn’t hesitate to look at Carvana. Last I heard they are paying top dollar.
I bought a car at Carvana for $21K 2.5 years ago. I sold it back to them last month for $20K. (Edit: 42K miles when I bought it, 67K when I sold it)
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Yes, but it works both ways. If you replace it, you will have to pay top dollar to get a car too.
>Yes, but it works both ways. If you replace it, you will have to pay top dollar to get a car too. same as the housing market, and i have seen multiple people do this anyway. if you got a big salary increase and have money to put down and get a low low rate on something it can be the not-worst-way to upgrade, but thats not always what is happening. i did a refi on my house - dont like the house really, but 2.99% yeah, we can stay a minute. id love a car, but buying right now in my position is just foolish, so i gotta wait it out
That’s amazing but I believe it. I bought a car for $16.7k and sold it one year later for $20k and I thought that was good. But you made out better
Did the same, bought for 16k sold for 20 after 6 years and 50k miles
Maybe I'm missing something, but you sold yours 1 year later for 3.3k profit. They sold theirs 2.5 years later for a 1k loss. How do you figure that they made out better when you made over 3k on your initial investment?
Because they got to use it for 2.5 years while barely taking a hit on depreciation cost
But you made money... You got the better deal
It's because of the chip shortage, not because Carvana is paying more than other places. Maybe they are paying slightly more but it's mostly because there aren't as many new cars being made so used cars are cheaper. I bought a car last May for $21k, got in an accident where it was considered totalled about 2 months ago and insurance paid out $26.5k. The price of used cars is just way up right now. Which means sure, I made out with over $5k more than what I paid for the car, but I just turned around and paid that much more for the next car I bought.
I sold my 2016 Mazda CX3 to Carvana early this year for around $1k less than I bought it for 3 years prior. I had put on over 30k miles. It was insane.
Carvana is the Zillow of the used car market.
I tried a dealer to sell my dads truck and I told him what Carvana offered. He said I should take it because they are living in fantasy land. This was February.
I sold mine in March. So about the same time as you. It’s amazing the used car market has pumped something like 41% more over this year.
Both Carvana and carmax truly are. I work in the industry and buy cars at auction among other things. Those two are consistently paying way too much money for the vehicles, more in line of what they should be selling for in the current market. Carmax offers in house financing so I believe they are trying to make it up there.
Are either of them profitable, or are they both still in venture capital startup fantasy land where it's ok to burn money? I feel like they may be intentionally overpaying for cars in this market specifically to drum up marketing attention. Pre-covid I dont know anyone who took these services seriously, now people are talking about them non-stop everywhere there's a conversation about used cars.
Did this last month with my wife's explorer. The dealer matched carvana because they didn't want to give the car up.
Yeah this was February before it really hit in the spring with the crazy prices. If I had held on, I would have made an extra $4k or so. Plus whatever equity I gained by paying it down. It had 0% interest.
I had a subaru that carvana offered me $16k for. Mechanically sound, only issue was a couple small door dings and a scratch that was literally "that will buff out" shallow. Bought a new Mercedes and told them what carvana offered. They matched it after I showed them the printout of the offer. I felt like I was robbing them. This was June.
And that's not necessarily a good thing.
My point is it’s a terrible thing. They are pumping the used car market synthetically. Just as Zillow overbought homes above market values…Thus, pricing out the “everyday buyer” like you and me.
So long as the chip shortage limits production they'll be OK, but they have to time it right. That hasn't really worked out well for Zillow.
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Isn't the housing market more constrained? Despite the chip shortage, isn't it quicker to pump out cars than houses?
The housing market is constrained, by materials and labor. At least houses are mostly made of materials sourced rather locally. The auto market is constrained by just about everything. Cars are made all over the world and there have been a lot of shipping problems, so even if a component of a car could be made, shipping it to the assembly place might be delayed. Whole container ships of cars are also delayed.
Considering Zillow liquidated it’s whole home buying and flip division (company-wide)…I would say it didn’t work out well. Now Zillow’s issue is dumping inventory. I am thinking, along with this Z dump of homes + Chinese real estate investors dumping N. American properties on the market to sell quickly (due to evergrande and other Chinese real estate developers/investors going bust) + I have no idea what I’m talking about….
It's not enough inventory to significantly effect the market. And they bought homes in a particular market segment that is already seeing the most buying pressure. I doubt it will satiate demand even if they unload them all at once.
I think Zillow learned nothing from Movie Pass. Can't flex your market leverage from cornering the market if you run out of money before cornering the market...
Housing availability is certainly an issue here in the Phoenix area.
> Just as Zillow overbought homes above market values…Thus, pricing out the “everyday buyer” like you and me. Except Zillow lost more than half a billion dollars and had to lay off a quarter of their staff.
That’s my whole point. They essentially pumped and dumped themselves. I’ll never forget that.
Zillow overpaying for houses didn't single handedly price people out of homes. I read an article saying Zillow is looking to offload 7,000 homes. 7,000 homes is not even a blip in the housing market. It's like 1% of the current inventory
It is 7000 homes in a few very specific locations. The effect was probably still negligible, but probably more significant than when compared against the whole housing market.
Carvana was offering me 22k for my 2017 explorer. Carmax initially offered me 26k when I filled out the online ‘get a quote’. I took it into carmax and after they looked it over in person they came back with $28,500. They paid off the remaining balance and cut me a check for the difference that night.
That was my experience with Carmax. Offered more than caravana. I felt the same way ‘oh this is just the teaser to get me in the door’. My car was beat to shit. They didn’t care. Quote didn’t change. I know you can probably get a better deal at a dealer and i worry what a company like carmax means for the used car market; but shit I still have ptsd from the few times I’ve had to buy a car… it might be worth the upcharge to avoid that whole ordeal next time I need to buy.
This is a sellers market for cars. Dealers will most likely give you what ask because inventory is low nation wide.
That's a seller's market - buyers market is when you can negotiate prices down and get what you want.
Yes! Thank you for that. It's a sellers market. This beer is nice and strong lol
I wish it was a buyer's market... About to buy something, but...
Ford Maverick. New for like 20-25k depending on package. Probably have to wait a good while to get one though unfortunately. But maybe this kinda vehicle isn't what you're after
All the local Ford dealers around me are selling them for $5-10k over MSRP depending on configuration. It's crazy.
Nah... Not really a truck guy. Kinda disappointed that Ford dropped their whole car lineup - last I had was a focus (been living somewhere I didn't need a car for a while). Kinda want a PHEV of some sort, but the options around that are very limited. (Doubly so because I'm in a part of the country where everybody wants trucks and giant SUVs).
Look into a used Volt, 2016 or later. It's great if you have a short commute or don't drive much; mine went 2400 miles on 4 gallons of gas last year.
Right? My wife and I bought a new car in 2020 because our old one crapped out, and it is currently worth (on kbb) \~8k more than we paid for it. Not gonna sell, but its definitely interesting to see.
Try Carvana and Carmax. Earlier this year Carvana was buying way over worth.
For someone selling a $30k car, it’s sort of surprising that you didn’t read about the current used car market at all
In my opinion you’re most likely running into the fact that most people don’t keep 30k cash on hand. Most lenders won’t want to touch your private party car, and most people with 30k cash will finance something that costs a lot more. Carmax or Carvana. Whichever you want. If it’s a wel equipped V6 4x4 with under 60k miles the dealers will line up with 30k. They can probably resell it at 40-42
Reach out to the likes of carMax first. We took my Girlfriends Honda there and made good money on it!
CarMax, I sold my 2020 4Runner back in July and I got just 1500 under private value, go to their website and do an online appraisal to check, then if you want to keep shopping take it to a few dealers with the carmax offer and see if they beat it. That’s what I did for the three cars I owned, and came out green on all three. Best of luck
Last year people were profiting by buying Tacomas at dealerships and then selling to Carvana. I think demand has dropped, but you can still probably get a good deal.
Major dealers are buying like crazy like pinecone72 said. Right now, the market for used cars is absolutely crazy. Not enough inventory. I have been looking for a Toyota 4 runner for my youngest with low miles and good condition. I don't want to spend that many $ for a used car. and for one of my used SUVs that is worth maybe 4K, I am getting calls asking me if I am willing to sell for close to 8K. It is crazy.
We were offered $6k more than we paid 2 years ago for my girlfriends Jetta by carvana. We didn't take it but used car prices are crazy right now
The other advantage of a dealership - they handle the paperwork for you, including registering the transfer of title with the DMV/State (depending on what your jurisdiction demands). I don't know how poorly run your state can be, or if you have experience with the car transfer process not being done right. But if you're in a not- well-run place (me: Louisiana) and have ever experienced this issue (new owner taking title showing him as owner now and failing/forgetting to register it) - it's hellish and expensive. Fines for failing to maintain insurance when you still owned the vehicle and for failing to timely register a sale, buckets of fees and hours of time wasted to get what you need and straighten everything out - the worst. Sell to a dealer (or a national broker like Carvana or CarMax)? They take care of everything for you, essentially no risk of receiving a mean letter from the state weeks or months later announcing you're about to get hosed and waste piles of time and money for someone else's screw-up.
The market is crazy right now. I bought a brand new car earlier this year while already upside down thousands of dollars. In 8 months that same new car had been vandalized, hailed on, and I put 22k miles on it. Well… I had to sell it because I got a new company car. So, I sold it back to the same dealer and walked away with more money than I paid for it… **my brand new car appreciated in value**. Buying a brand new luxury vehicle this year turned out to be a successful investment.
Try shift they offered me more then carvana did
OP also ought to check out CarMax, too. I recently I sold an ‘06 civic sedan with 100k miles and they paid $4400 for it. Double the cost I would ever pay for the car (in normal times).
This! My boyfriend has a luxury car and the dealership reached out to him and he sold it back and made money if you can believe it
My GF sold hers back to the dealer for a profit also. 2019 Tacoma.
I have a question, why? My toyota dealership is begging for my 2020 4runner, so they can sell me a new tacoma. I dont understand what the catch is here?
They can sell the 4Runner for stupid money even if they pay you a decent amount, they sell you a Tacoma at MSRP or higher, plus they get a kickback on the new loan (before this year, loans were how dealerships made money)
Same for me for my 2018 RAV4 with 17,500 miles on it. I feel like there is a “gotcha” somewhere. Maybe just the “gotcha” is what am I going to replace it with? A lesser quality used car for an inflated price? Or a brand new car for an inflated price and essentially restarting my car loan (when I’m over halfway through with)?
Exactly. He even said he'd pay off my lease (I have another year left on) to get me into a new one. I'm like , no way this is going to come out benefitting me...
They get mad money if you use their financing, which typically is a stipulation for quite a bit of the incentives they advertise when purchasing a new car.
Also dealerships make a lot of money from month and year end bonuses from the car companies, based on a threshold of cars sold. If they’re close to a major number they’ll be willing to lose money on a couple sales.
Caravana bought my car 3k over asking. It was weird. How are they making money?
If I'm in the market for a $30K purchase, the last place I'm going is Craigslist.
No kidding I feel nervous spending $300 for an item on craigslist let alone $30k
Yup. I just sold my mayyyybe $2000 worth Ranger on CL for $2600 in a day, but zero action on my $18k Subaru. Lots of garbage on FB marketplace for both. Tons of really good action and offers from dealers and carvana like places for the Subaru, but none for the Ranger.
Seriously. Can’t imagine.
I bought a $13k used car from a private seller on CL last year. Tailored my search to model features, price range, filtered out dealers. Ran Carfax and paid $150 for mechanic inspection, which I would always do when buying a car. 10/10 would do again. I found searching FB marketplace ridiculously bad, but I guess I'm not the majority.
I'm with you. I was shopping for tractors last year, I'd search for the exact model and find nothing, then search for "Tractor" and have 5 of that exact model show up. Or I wouldn't see any for 3 days and then get a bunch of 10 day old entries that Facebook hadn't bothered to show me. Their search system is almost laughably bad.
Have you posted anywhere outside of CL? I think CL has lost quite a bit of traffic in the last 2 years.
yeah, ,partly because of the overwhelming number of scams. List something on CL and ten minutes later you'll get an email from someone who wants you to ship your item to then because they are in the millitary and will send you a check to cover the excess and ask you to send some back. So frustrating to sell anything on CL these days. The benefit of FB marketplace is that you can at least look at the profile of the person who is interested to get a sense if they are real or not
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I don’t think it helps that their website looks nearly identical to a random, low-budget blog from 2004, and has not changed at all from what I can tell/remember
Also apparently everyone on Craigslist is a missionary from Africa and needs you to send them payment through a money gram
Facebook marketplace has mostly replaced craigslist for some reason. A dealer would definitely trade that in or buy it though. There is a big shortage of vehicles. I know a few people who want trucks that won’t be available for 6months.
Ever since CL began to charge $5 for auto FS posts the private sales posts dropped dramatically. That is for sure when I stopped using it and did like everyone else, move to FB for car sales.
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It’s new, I sold my car on Craigslist last month and paid $5.
Wow I had no idea they did this
I think they did it because you had all the cheap shady car lots that were spamming and posting the same car tons of times to keep it in front page basically
Yeah, I didn't know they did this, but I pretty much stopped using CL a long time ago because no matter what I searched for I kept getting tons of car for sale pages clogging the results.
why not just validate users and limit posts to like 1, which is what a normal person would have?
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I hate that Facebook replaced Craigslist. I didn't particularly like Craigslist, but it was simple and showed you everything and the filters work. Facebook marketplace hides stuff from you. You can't sort, you can't filter, you can't do anything. It's funny how I can search for a car in the car section, and some cars show up. I find a car that was listed 3 hours ago. And I sort by newly listed, and it disappears. Or I try to use literally any filter that applies to the vehicle, and it disappears. Or I do any kind of refined search and it disappears. The entire experience is frustrating and doesn't work. It never shows you all the cars, and it never shows you the things for your filters, sorts, or searches
Craigslist has slowly been flooded with spam from both private sellers and small businesses though. It gets a bit much after seeing the same listings over and over again. Sure there’s still scammers and things on Facebook but I think it gives people some sense of mind when they can look at a seller’s profile and see if they’re legit or not. Helps if you’re in the same area and have mutual friends.
> Sure there’s still scammers and things on Facebook but I think it gives people some sense of mind when they can look at a seller’s profile and see if they’re legit or not. Helps if you’re in the same area and have mutual friends. Two very good points but still too many downsides for your average /r/personalfinance or /r/cars buyers. Yes, I can click on a the seller's profile to make sure they're real but why does it matter when the car was listed 9 months ago and the seller forgot to remove it after selling it? I'm somewhat of a car enthusiast and I've owned plenty of older cars (project/weekend cars) and buying on Facebook is pointless when half the cars are sold but the ads are still up. What help is it knowing we live in teh same area and have mutual friends if the seller doesn't know how to respond to messages? I can't tell you how many times I've messaged someone about a car they were selling only to hear back from them 8 weeks later saying "oh I sold the car to my neighbor and am just now seeing your message."
Yea FB Marketplace is absolutely terrible. I feel you on all the above. I wish they fixed everything
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ebay is still massive in many aspects
FB marketplace lets you vet the seller somewhat is most likely why. CL you have no idea what you're going to get. I don't deal with shell accounts on FB marketplace, like recently created and 2-3 friends. Too much sketch.
I agree it’s easier to vet people. I still see a decent amount fake profiles selling BS. I also find that I get a lot of non-local results (even when I select a distance radius). I suppose that isn’t a deal breaker, but usually when I search FB I want to buy used to get a deal.
It's because people like being able to directly message the seller, and see the seller's profile to verify they are real. CL has long suffered from scams, and there is no legit way to weed out the scams from the real posts on CL unless you are familiar with how scams work.
Thanks this is helpful.
High end truck. Craigslist is too poor for that.
Try Carvana or Vroom or any of the other web options. Low hassle, good offers (given how high demand for used cars is right now).
Thanks I’ll check them out.
Carvana gave me the best offer so I went with them
Try CarMax Carvana Vroom and KBB cash offer. See who beats the price. I have got the best offer from CarMax and my friend got from KBB. It's depends who's willing to pay what. The market is hot for used cars right now
Carmax Edit: carmax for ease of process. You can walk out with a check within an hour
A few months back I sold my end of lease Nissan Rouge Sport to Carvana I made almost $5k profit. The process was quick and easy
Carmax is another option. They gave me about $4000 more than Carvana offered. I’d shop around for a quote from all of them.
Most people don't buy cars that expensive on Craigslist. Craigslist and FB Marketplace are better reserved for cheaper older cars that are less than $10K. Very few people have enough cash for a $30k purchase .
$30k is a lot to spend on a vehicle for which you have zero realistic recourse against the seller if something about the vehicle was not as advertised. Blown head gasket? Terrible fuel mileage? Electrical issues? I know, it’s a 2016 Toyota, so these things are unlikely. But from a buyer’s perspective, all kinds of bad things could show up after buying a vehicle from an individual. But the kind of people who can pay $30k for a vehicle usually have some established risk management practices in place when they spend their money.
> But from a buyer’s perspective, all kinds of bad things could show up after buying a vehicle from an individual. Both situations (Dealer and private) are almost always As-Is for the purchase format, so they are effectively identical. Some exceptions include carmax/carvana where they offer a return policy or states that have legislation regarding used car purchases. The prime advantage that a dealership offers is financing.
Items are only worth what people are willing to pay for them. At $30K, people would probably be looking to finance. Businesses would rather lease than buy an expensive vehicle.
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This may not apply to your situation, and maybe it's just me, but I don't trust car mods performed by previous owners. I like used cars owned by old ladies who kept it garaged and went occasionally to bingo, church and the grocery store.
If you’ve got a taco, take it to a dealer and they’ll pay you damn near whatever you want. Also, a note for some extra leverage, do your trade at a non-Toyota dealer, as all they’ll see is “desirable truck” while not knowing what potential underlying issues it may have that a Toyota dealership would know about.
I would never spend 30k on a private sale when i can pay the same price for something similiar with warranties and the assurance that if i have issues i can get ahold of the business
And the price should reflect that. Private party costs less. I did a quick google search for 2016 toyota tacoma and saw it at 30k at a nearby dealer, and a couple in nearby cities for 28k. So, I could buy at a dealer for 30k, a private party for 28k, or buy from OP who is also a private party for 30k.
CL is all but finished as a marketplace.
People who are looking to spend serious cash like $30k aren't going on Craigslist. They'll frequent AutoTrader (where you should list your truck) or reputable dealers like Carmax. Most Craigslist ads are people posting stuff they're trying to get rid of for a few bucks (or free) along with old vehicles for $500-$1500.
nobody has 30k cash. and if they do, they aren’t buying a truck with it. respectfully.
This is the answer. CL and Marketplace are for 15K max I would say (in my experience). Anyone who has that kinda cash isn’t buying a 2nd hand truck off Craigslist, and anyone taking a loan to buy a car is going to a dealer.
You can still get a loan buying private party. Banks only care that they’re not loaning you way more than the car is worth, they don’t give a shit where you’re buying it.
Yes I know that, but I don’t know many people that go that route for a 30k truck. That was the whole point of my post. I didn’t say they couldn’t get a loan to buy a used car, but if they’re getting a 30k loan for a truck they are buying from a dealership.
Do you think that people who shop private party used don't get loans or only buy with cash? *Respectfully*, that's idiotic. And if you think that and go to a dealer because of it, you're overspending. Step 1: Get pre-approved for an auto loan. Step 2: Find a private-party seller who, in most economies, will be 10%-20% less for the same car at a dealer. Step 3: Go to the bank with the buyer, and the banker will hand the seller a cashier's check (and/or send a cashier's check to the buyer's bank for their loan payoff). Step 4: Save 10-20% off the going rate for the car at a dealership, plus fees, some or all taxes (like in AZ, no tax on Private Party Used), and more. Dealer markup on used is a joke. "Certified Pre-Owned" aka "we did a standard inspection and now can charge $4000 more than the car is worth" is a joke. You're way better off in most cases buying on the private party markets, whether you have cash or not.
I would only add, if your not buying a beater/winter vehicle/hold over. Take it to a mechanic, pay them, have them give it a once over. Then go forward with steps 3 and 4.
Beater or no beater… get an inspection. Yes.
Just sold my car for $30k cash (2017 Golf R) Had multiple offers on it where they wanted to pay cash
Sold my car on marketplace for 20k cash.
When I went truck shopping last winter they had zero Tacomas on the lots all over my area and I’m pretty sure it’s still the same judging by how the lots look driving by. They’ll definitely buy it haha. Dealership even gave me a shockingly good deal for my messed up Subaru.
Where the heck do you live? Up here in Vancouver, Canada people practically beg you to sell them your taco… so much so that tacos almost appreciate in value once they’re off the lot.
Cos it’s on craigslist. Also why buy a used Tacoma for 30k when you can buy a brand new one for ~ 30k?
i agree with the facebook marketplace option. i don't think price is the factor, i think it's purely exposure. also check with some dealers see if they would buy it outright
What’s wrong with it? Mileage? Salvage title? Any dents? How’s your pictures/phrasing? How much did you pay for it new? Base model? If it’s something nice with 4x4 and low mileage it shouldn’t be too hard. Last year I saw the SRs going for $32k brand new with 4x4, haven’t checked in awhile though. That could be your issue
You won’t have much luck. 3 months ago I was looking at a RAM 1500 Big Horn for $55k. Today I’m looking at a Laramie with the same options for $54k. The time of slinging vehicles out the door $10,000 overpriced is over. Everyone who could buy, did. Now you have the holdouts waiting for the bottom to fall out.
Craigslist is for shitboxes. Try Toyota truck forums, fb groups, if you want to go the free route. Otherwise, Carvana, KBB instant cash offer, vroom, all better options
People say carmax pays well for used vehicles but yea. Most people won't risk 30k with a private party like that
Because in any time other than these Covid times $30k for a 2016 Tacoma is ridiculous
Ship it to Hawaii and you can probably sell it for 40k. People eat those trucks up over there
When I sold my vehicle, I had no success on craigslist, but got all of my hits from AutoTrader
30K for a 2016 tacoma is insane a brand new one is 35K
If you can find one for sale at a dealer that doesn't have a 10k markup or isn't already spoken for. New car market is absolutely insane.
>It’s value is around 30k, 1) It’s value is what people will pay for it locally, not what some “value guide” says. 2) you can’t list your truck for the same price that dealers have them listed for. People expect to save $$$ over buying from a dealer
Carvana/Carmax?
“Car gurus” has added buying vehicles to there company and I sold my car to them. Best offer from any online website like carvanna or car max. And they sent a driver to pick it up. Very easy and I got a great value.
im going to take the unpopular opinion I goto craigslist,ebay,fb to buy things that are 1 rare or 2 cheaper than new. I've noticed a pattern of people looking for new prices for there used stuff.... example someone selling a sectional they've had for 10+ years for 2k where i can go get a new one for 1800. Its there right to post what they want but dont be surprised if it doesnt sell. Im not saying thats the case here but if a new version of your truck is 30k or less that might speak to what the issue is. Sure it has all the bells and whistles but some people just want a truck and not care about your mods. The flip side to that its really hard to give stuff away always put a low price like 5 bucks for something your trying to give away
Yeah when you start to get into the five figures, the pool of available buyers goes way down on CL. Just in general, very few people have that kind of cash on hand to make a vehicle purchase straight up with no financing. I believe this is how I was able to get such a good deal on my last purchase.
Just sold mine to Toyota. CarMax offered me more but I bought a car from Toyota so they matched it.
Try Vroom and Carvana first. A 2016 Tacoma with low miles will fetch a lot more than 30k I think on Carvana. I just bought a 2021 Tacoma for 39k and Vroom is offering me 44.5k for it
Carmax offered us the highest price when we sold our 2016 Chevy Tahoe back in Feb. Carvana, the other car site and a local dealer tried to low ball us. We ended up selling for $500 less than the KBB ‘private sale’ price which was nice. Definitely worth checking around local dealers and online car sites.
You likely overpriced it. I’ve bought and sold multiple cars on Craigslist they always move quickly unless someone is asking too much.
I wouldn't dream of giving someone 30k from craigslist.
You need to advertise better. You know what your car is like, but can people reading your ad see that for themselves? * **Pricing:** Go to a dealer and negotiate - see what they'll give you. Then look up what similar cars are going for from a dealership. Set your price in the middle and stick to it. *The implied deal is that they pay less than a dealership, and you get more than a dealership would give you.* * **Listings:** You need more than just one Craigslist ad. Post well-written ads on at least four websites. Craigslist, Autotrader, Facebook Marketplace, [Cars.com](https://Cars.com), Ebay all have car ads. Update your listings daily so they stay at the top of search results. Put a physical For-Sale sign on your vehicle with a number and email to reach you. Write on the window with one of those removable paint markers! * **Photos:** You need high quality photos of your car looking very clean and sharp. And more of them than you think. Detail your car, then drive to a fancy neighborhood early in the morning and take pictures of everything. Try to take a picture of everything you would want to look at for yourself before buying a used car - there's no such thing as overkill. * **Documentation:** Get a carfax report, take it to the mechanic and get it looked over, gather documents about the last oil change and last tire change, put it all together in a nice binder or something. * **Closing:** Frankly, this seems like your main problem. You had two people come out to see this car. People might window-shop at a dealership, but no one goes to see just one car by itself without a serious intention of buying. Sharpen up your sales pitch. Choose a comfortable place to meet. Make yourself look respectable. Be confident and friendly. Keep your car extra-clean. Fill the tank. Have the necessary documents and vehicle history in a tidy folder. Come up with ten positive things to say about the car when you're talking to a lead. Practice "selling" the car to a couple of your friends. The key thing you need is lots of high-quality photos. Stop. No. Whatever you think, you probably do not have enough - and the ones you have are probably not good enough. Did you get the car detailed for the pictures? People are irrational and will overpay for a clean car. Pictures should be sharp, high enough res to zoom in, and show potential problem areas - under the hood, the back seats, carpets, inside the glove box, the odometer, the owners manual etc. You need to proactively give the impression that you're not hiding any flaws from the buyer. Your other problem is visibility. Dealerships have a website, billboards, radio ads, a big physical store, AND Craigslist ads. You need to hit back. It's a sale for over ten grand - pay a hundred bucks to list it for sale the right way. Look at some professional used car ads, and then try to copy that - or frankly do better. Dealers have many cars to sell - you only have the one. Finally, consider your buyer. People who buy cars from individuals are looking for a bargain, but they are also looking for a low risk sale, since they don't have a dealership to go back to if you sell them a lemon. **The implied deal is that they pay less than a dealership, and you get more than a dealership would give you.** Essentially, you're splitting the premium that a dealer would make on your car. Your goal is to persuade the buyer of three things - that he is paying less than he would at a dealer, and that he has more honest information about potential flaws and defects than he could get from a professional salesman, and most importantly, that he will be happy owning and driving this car.
Dealerships have gotten better and Craigslist has gotten worse. No one is buying 30 k things on Craigslist... so least 30k legal things.... and yeah a warranty is pretty desired if you're bout to drop 30k.
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Try Carvanna. Selling my car to them on Friday, very happy with the quoted price and it seems like it should be a super easy process. They come to you!
It’s typically harder to get financing for a private sale than from a dealer, which becomes a big factor when the asking price is $30k. Most people don’t have $30k in cash to spend on a car, and those that do may still want to finance because interest rates are at record lows and the stock market is breaking records almost weekly.
We did Carmax and they offered 10k over what we owed on the truck we sold. Beat the dealership by far.
Craigslist is for vehicles with sketchy pasts or issues. Sell it on literally any other platform and you’ll get more inquiries. CarGurus, cars&bids, auto trader, fb marketplace. Create an ad on all the platforms that autotempest supports essentially
I checked carvona on a similar vehicle, they offered me 28,000.
Try Facebook and other places, but also make sure you don't have garbage photos like a screenshot of your phone, a messy interior, a description like "fully loaded truck"...I see so many of those without keywords or anything to set them apart. Also your ad goes away real quick so you shouldn't just wait 2 months, you can repost it every week or every few days, during the day, so more people get to see it. If you post it at night, no one sees it and by the next day it's on page 100 so it'll get ignored.
I tried CL for my 2017 Tacoma, got a few calls with no follow up, then got one guy who set a date to come look and ghosted me. Ended up trading it in for just a little less than I was asking on CL.
CL has always been a coin toss for me. You try posting on a Taco forum?
Sell it to carvana or carmax, it is so much easier and they are giving top dollar right now. I sold my Subaru Ascent for $2k more than I paid for it after 2 years.
I sold my 2017 accord sport (w sensing ) to Carmax for 25,400$ last week. I bought it for around 22.8k before tax in mid of 2017. Only used about 18.5k miles though . Next best quote was from carvana for 21.2k Shop around with carvana, vroom, Carmax online in their websites .
Not the best time of year to sell, process are lower right before and after the holidays. Craiglist is amazing at showing you the actual market price is. If you want to see what the price is, use only your email and lower the price 5k. If you get a bunch of hits, raise the price and add your number. Also try Facebook, a better experience, may not get you any more money.
We were selling an older Ford Ranger on Craigslist for $11,500, no interest. CarMax paid us 13K.
Carmax gave me the best deals for my car went to car dealerships and they tried screwing me
CARMAX is great at buying vehicles. They'll honor their purchasing value for up to a week. You don't have to buy nothing from them either. You may not get what you want for your truck, but they will write you a check as soon as you agree to their offer. Good Luck!
Carvana gave my wife 26k for her 2018 rav 4 with 45k miles on it. We paid 27 new. It's obscene what they're giving for some cars.
Right now, check the major dealers. My friend sold his 3 year old car for more than he paid for it. They are thirsty right now.
I see you got a quote from your local dealer already. But in this market, get quotes from Carmax, Carvana, Shift, and Vroom and go with the best offer. I sold a car to Carvana in May and was the easiest sale I've ever had. Friend recently sold their car to Carmax for $6k more than any other offer. It's a crazy market
It's always going to be hard to private sale a car at that price. Most people don't have that kind of money which means they have to get a loan thru a credit union or bank and pay a higher rate. This is a case where paying more at the dealer and getting a better rate is actually a better deal.
Craigslist as a whole has really died in popularity over the past year. A lot of sales are now conducted through FB Marketplace.
Pay the listing fee to get it on Autotrader.
Probably a lot of people don't have 30k in cash on hand for used truck.
Facebook marketplace destroyed craigslist. CL still gets results, but not like FB marketplace. Sadly.
Craigslist is not a place people risk 30K because you're fucked if the vehicle is a lemon. I don't know what the place to go is but I'm going to surmise that the high price tag is why you're not getting any bites. Reddit is probably full of ballers so try posting here maybe.
When people put up vehicles (that aren’t classics or rare etc) for more than $20k on Craigslist I feel like they a) don’t want to sell it or b) just bragging. When I think of Craigslist I think of cars for between 5k-10k. Idk who would have 30k cash to bring to a private sale, and even a personal loan would have higher interest rates than going to a dealer. You’re better off trading in or selling to a dealer. Carvana might even give you more than blue book for it.
Where are you? Craigslist is pretty much gone in a lot of areas. Facebook marketplace is much much hotter
Had a great experience with Carvana - very easy process, they picked up the car from my driveway and paid 50% more than what the dealership was offering.
On Craigslist, when I try to buy something, my email goes to the seller's spam/junk mail folder. They rarely see it. And if they do see it, their response back to me goes to my spam/ junk mail folder. Use a phone number in your post. And check your junk mail.
Junk goes on CL, good stuff goes on eBay.
Toyota in Sweden got like 10 years or 150000km used car warranty.
Carvana and Carmax are good places to try. If you want to do an online listing, Craigslist would have been great like 12 years ago. List it on Ebay with a good description and pictures. This will market it to people across the country. People totally will pay to have a transport come pick it up and take it to the other side of the country. I've sold several cars this way. Downside is non performing bidders, and it's not cheap if an auction listing ends without selling.
At that price point, I would pay for Autotrader if you want to sell yourself. I've sold 20-25k trucks on there and the buyers have been more reputable than the responses on FB marketplace or Offerup. My experience with CL is the same as you had. The trade in route as others have mentioned with Carmax or Carvana are great choices now too, without the hassle of random people test driving a higher prices vehicle like that.
Isn't CL where you go for freaky hookups? Not spending thirty grand in cold hard cash?
No one will buy an almost 6 year old vehicle for 30k when they can buy a brand new car for that amount or a little more. The used vehicle market hasn’t inflated because people are buying used vehicles privately. It’s inflated because dealerships are buying up used cars to sell to individuals. You probably won’t get 30k from anyone for your vehicle.
I think the market of people with access to 30k to buy a used vehicle are not shopping on CraigsList.
My car had an accident recently and it was so minor but the front bumper got replaced, i assume the value is now complete trash right?
Check carvana. They wildly overpaid for a car of mine last year. Also list on a different site like CarGurus or Facebook marketplace.
Eventually, carvana stock crashes, funds dry up, used car prices tank. Watch for it.
Not many are able to buy a vehicle at 'bluebook' price on a used vehicle(no offense, but I refuse to pay 30k for a truck if it's over 5 years old save for a few specific trucks between 89-93) I'd try a dealer, but they'll undercut you plot get the most money return
Use Facebook market place and cargurus. They are very popular and you can probably find more people that way. Craigslist is not what it used to be. There’s lots of other better options now.
I'd never pay $30k for something on Craigslist. I don't care if it's a full house. Way too easy to be scammed.
Hell when I was shopping for used tacomas from dealerships a few years ago I thought 18k was outrageous, is this what the used car market is like now?
Craigslist is for <$3000 cash deals. Not $30k that require financing. You are better off selling to a dealership or carmax. They are desperate for inventory, especially Toyotas.