Advice on selling 2024 Z Nismo

[Papaya137]

Hey all,

I have never sold a car before (usually just trade them in for the next car) but am looking to sell my 2024 Z Nismo. I love the car, but due to recent financial issues I need to sell it.

Do you have any recommendations on whether to sell to a car lot or a private buyer? Any tips or things I should look out for?

I appreciate any advice, much thanks!

 

[ZillaZ]

Quick and easy - Carmax or Carvana

Slower but probably get a few more dollars - private party.

I have never heard of a dealer paying more than either of those two options. I'm sure it's happened in rare instances.

 

[MCN1SMO]

depending on mileage you will be 44-45Kish at best.

 

[RobotAZ]

If you do private party: take the buyer to your bank, have bank confirm check or cash authenticity and availability of funds with buyer’s institution, get a generic bill of sale notarized by a bank employee (make sure time and date are on the BOS). Done. Then call your insurance to make it explicitly clear your coverage will end at midnight that day and that the vehicle is now legally owned by the buyer.

Next time you are getting tags, paying car taxes, etc, confirm the vehicle has changed hands in the system. Believe it or not some idiot and his even more idiotic bank let a truck buyer of mine drive around 18 months as me the owner. I only found out at the DMV. People are idiots. Just check people’s stupidity doesn’t burn you.

 

[Meg_Z]

Quick and easy - Carmax or Carvana

Slower but probably get a few more dollars - private party.

I have never heard of a dealer paying more than either of those two options. I'm sure it's happened in rare instances.

The vast majority of the time Carvana offers more than anyone (dealers) else period. An example of this they’re offering about $4K more for my XC 60 than KBB value. Unfortunately for them it’s paid for and not going anywhere!

 

[thesilverbullet]

I’ve done all three options, trade-in, carmax and sell it myself. For starters i would get a quote from carmax and compare the offer to selling it for $45k. Then decide if the difference is worth your time.

If you to do decide to sell to a private party, make sure the check is cleared at your bank or lien-holder. make sure your loan is paid off before handing anyone the keys to your car. The two banks (their and yours) will do all the paper work for you and the buyer.

make sure the buyer signs a sales agreement that clearly states the sale is final, “as-is” with no warranty. You can find a sales agreement online from your state’s DMV. If they are applying for a loan, their bank will send the check direct to your lien-holder and you never see that check, their bank will cut a second check for the balance directly to you. The two banks will transfer the title from your bank to their bank.

while the buyer is processing the loan, do not take a down payment from the buyer up front. Just sign the sales agreement with them and give them a copy while you are waiting on the banks to close the deal.

if you do the carmax option, they will take care of everything including paying your loan off and handing you a check for the difference. The process takes 1-2 hours.

 

[bpeckham]

If you go the CarMax or Carvana route, be sure to check both. CarMax had always been higher, but last time Carvana was.

 

[johnnieg]

Lets try this again..

Try Algo i sold my C8 to them a few months ago they gave me more than anyone out there..

 

[yellowz6mt]

As others have suggested, CarMax or carvana would be best option as long as you are not in the hole for negative equity. If you are in negative then probably holding it on and using that money to make payments would be better option. Currently large inventory of these is driving prices down.