For the past year or two, I've been watching videos of the Nevera stomping mudholes in any car you can think of short of a top fuel dragster. That car is a beast and its numbers are insane. I've watched it smoke Ferrari SF90s, Bugatti Chirons SSes, Tesla Plaids, F1 cars, and not only beat them, but make them look downright slow. It was running 8's in the 1/4 on unprepped surfaces with 0-60 times of 1.7's to 1.9's in almost every race I watched. About the only car out there that's not specifically made that can hang is the Speirling, and I think the Pure version of it will probably beat the Nevera. That car is a marvel of electric science and downforce. Its numbers are even more insane. But alas, I'm not sure I'd want to go grocery shopping in either of them.
I am just a fan of the engineering of internal combustion front engine rear wheel drive cars. Naturally aspirated preferred. I don't care about the performance as much as the experience. People have a dream car they could never have, but I can have my NC1 Miata. It's the best driving experience I've had. And I've driven plenty of high performance European supercars. I guess I'm just lucky that I have low performance standards, but high exhilaration standards. However, I'll take a 288 GTO if anyone is giving one away.
take your car to carmax, get an offer from carvana online.. thats your baseline trade-in price. after you negotiate your new car price, then ask for your trade-in value, if it's close to what you got from carmax/carvana, tax savings on new car might make it worthwhile... you might be able to get a little bit more via private sale but prepare for a headache. much of tire kickers who will lowball you.
If you trade in, you only pay taxes on the difference between the cost of the new vehicle and the value of your trade in. Example: New car is $10k. Trade in gets you $3k. You only pay taxes on $7k. Otherwise, if no trade in, you pay taxes on $10k. My most recent car purchase was the first time I didn't do a trade in. Go to CarMax.com and you can sell them your car 100% online. That's what I did. They ask you questions about your car and ask for photos. I took photos with only the best angles and made my old truck look as good as possible. They offered me WAY more than anyone else. It was $18,600, and everyone else was offering me around $12,000. The place where I bought the new car only offered $11k if I were to do a trade in. So the tax savings in my case weren't anywhere close to the better value I got from CarMax.
Yup. You have to see the trade in and buying as two independent transactions. If you don’t, the dealer will inflate your trade in price while ripping you off on the new car discount. My buddy recently got a carmax offer of 30k, dealer gave him 28000…but since he was buying a new car he saves 1750 in taxes on new car…so he just ended up trading it in because it’s less hassle than trying to make an extra $250 months sat carmax. Now if carmax gave 32k…I would take the extra 2000 from carmax…
How old is your truck and is it a 4x4? The tax savings mentioned above are great examples if it makes sense on value and amount offered for trade is reasonable. I've also had a lot of success with Carmax in the past with newish cars/close enough value (if not buying another car), but I recently noticed the joke Carmax is on older trucks. Ie waiting the 30 days to find a private buyer through FB Market/CL etc was way worth it. Sure there were a few low ball crazies I'd get messages from (still better than carmax offers but still low vs overall actual truck market). I do still recommend Carmax as starting point but also rechecking KBB and Autotrader to get more realistic values before taking any offer from them or other dealers doing trade in so you're well prepared, especially if the truck is older than 10 years and has a 4x4. The reason value falls at Carmax sharply on something older is if it's not something they will resell directly it'll likely go to a dealer auction. Anyway, on older trucks private market is ideal in my experience. I wasn't in a hurry with this though and with the car market being slower I'd have just waited till I found the right price/buyer so your situation might be different. Tl;dr there's typically a max depreciation on 4x4 trucks and once they hit that (assuming engine/transmission works and no major rust) shouldn't go any lower in value.
2014 Silverado LT 4 door with 140k. I'll be glad to get 12k to 15k and use that for a used Palisade or Telluride.
Yeah you should be able to get that np, maybe more. My example of poor value at Carmax was on a 20 year old F150 4x4, $800-1.2k when you can sell those easily for $4-6k+ depending on config/condition. I know they can go lower than 4k, but those are typically ones with real issues. That was honestly one of the worst price gaps/experience I've had with them. On more recent cars they did great for me though.
Just went through this last week getting rid of my old car. Dealer trade in offer was insulting, even with tax savings. Tried CarMax, Cargurus and Texas Direct Auto (which uses Vroom.com). Vroom (TDA in Stafford) beat CarMax by $1700. CarMax beat Cargurus by $1K and the dealer was $4K (including tax savings) below Cargurus. So Vroom it was.
No, all were done online providing my license plate number and condition. Final agreements were subject to inspection within 7 days/250 miles. So only took it to TDA as their offer was the highest and it passed and offer was honored. I don’t think the inspection would be considered “thorough”
dealers still need inventory so I do think the trade in game isn't as bad as it used to be. Plus with so much info on car prices they can't really play the price game on the new car anymore.
Even if you go to TDA, the inspection isn't too bad. We sold my wife's car there and it only took like 15 minutes for them to come back with an offer after we gave them the keys. We waited a little bit and asked if they could do anymore and they went up like 500 or so. Pretty seamless transaction.
Looking for a New Car Under $20,000? Good Luck. Your Choice Has Dwindled to Just One Vehicle [Mitsubishi Mirage, which will soon be discontinued] https://apnews.com/article/car-auto...e-mirage-suv-e33932cfa77a799329f278dfb120c30d
Both times I went and sold a car to CarMax, I think their inspection was done in under 30 minutes. It's not like it's a day-long affair. Of course one of my cars had like 250,000 miles on it, so they just looked at it and said "here's $5". "I'll take it!" Anything to avoid the shenanigans with the finance guy at a car dealership...
