QuestionIn June I traded my 2002 Toyota Avalon XL and paid cash for a 2009 Avalon XLS, in anticipation of a situation that did not develop. I find that I don't like the car nearly as well as I did my old one (it's too big, too hard to shift, I don't like leather seats, too many functions that I will never use etc.)
This is what I am thinking about doing: Sell or trade the XLS, with 5000 miles, (My zip is 73013 if that helps.) The KBB trade in value value is Approx $29K. I want a stripped down 2009 Avalon XL, cloth seats and as few extras as possible. The KBB MSRP is approx $29K. I bought my last two AValons at 75% of the sticker price before trade in. that comes out to around $21,700, target price. (I realize that it will be more because KBB MSRB is always a little low and most cars have a couple of thousand dollars worth of "extras".)
Is this realistic? would I be better off trading the car at the Toyota dealer or selling it outright to a place like carmax or diffee motors which is a local company that has been in business for 50 years, "buying nice clean cars" as they say in their ads.
If I can talk the Toyota dealer into giving me a reasonable trade in, How do I trade down? Do they just hand over the car and a check for the difference? Seems unlikely!
Thanks, Jo
Answer Hi Jo
Dealer may except a deal trading an XLS for an XL same year with about same miles, but as for you getting a check for any amount that's highly unlikely.
As for selling outright to any dealer you will be getting wholesale and loose big time, sure you can sell privately and get more money, but then buying another vehicle you will be paying taxes on the full amount, so how much will you have gained selling private.?
There is no solution to your question without hurting your pocketbook
Ray
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