Need Info to sell MachE

[Scooby24]

I'm doing this is my EV6 as my wife's mach-e is coming in stock any day now. Our dealer offered our highest price as trade versus the others....by 2 grand. Driveway offered 55k, Carbuyerusa offered 60k, dealer offered 62k.

Auto trader used to have a program that pitched the purchase to a bunch of local dealers to compete, that may net a decent offer.

https://www.autotrader.com/instant-cash-offer/

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[shelnian]

So far best offer is from 2 local dealer

If one of these dealers is who you're buying the new one from, then you can use the old one as a trade in and reduce your sales tax on the new one. You only pay sales tax on the difference, which you can think of as more for your trade in. When I traded in my 2015 Camry Hybrid, I saved about $1700. I noticed in CT, if you can keep it below $50,000, your sales tax is 6.35% vs 7.75% if above $50,000.

 

[Southern92]

I'm in San Diego, so regional value may vary. For my 2022 GTPE (Sticker MSRP $73,205) I got the following offers:

Carvana: $71,000
Carmax: $66,000 (was $69,000 last month)
Local Dealers#1: $66,000 - 68,000
Driveway: $64,000
Local Dealer#2: $58,000 (Where I bought the car!!!!)

I tried to negotiate with Local Dealer #1, when I told him the Carvana offer he didn't hesitate & told me I should take it....he expected no one would match that offer.
I agree with what was said earlier, finding a private sale will almost always net the most.

 

[Mache65]

If one of these dealers is who you're buying the new one from, then you can use the old one as a trade in and reduce your sales tax on the new one. You only pay sales tax on the difference, which you can think of as more for your trade in. When I traded in my 2015 Camry Hybrid, I saved about $1700. I noticed in CT, if you can keep it below $50,000, your sales tax is 6.35% vs 7.75% if above $50,000.

CT charges 7.75% on any amount left if the purchase price was over 50k ??

 

[moparguy]

Carvana paid me $6k more than Carmax, Vroom, Give me the vin and driveway, so sold to them.

 

[moparguy]

I'm in San Diego, so regional value may vary. For my 2022 GTPE (Sticker MSRP $73,205) I got the following offers:

Carvana: $71,000
Carmax: $66,000 (was $69,000 last month)
Local Dealers#1: $66,000 - 68,000
Driveway: $64,000
Local Dealer#2: $58,000 (Where I bought the car!!!!)

I tried to negotiate with Local Dealer #1, when I told him the Carvana offer he didn't hesitate & told me I should take it....he expected no one would match that offer.
I agree with what was said earlier, finding a private sale will almost always net the most.

Damn man! San Diego here as well, sold mine 3 weeks or 4 weeks ago!
2022 GT 5000 miles, my offers were the same as yours! but mine was not the Performance GT.
looks like prices are coming down sharply! driveway offered me $67.5 for mine.

 

[wareagle1440]

My new MachE arrived, looking for places to sell my MachE

So far Vroom offered best price, CarMax wants to see the car and Carvana low balling.

Any other places someone sold their car?

Does your state offer reduced taxes with a trade in? Colorado reduces the final sales price for tax purposes with the trade in. I ended up trading in for that reason because made me about 2K more net.

 

[Mache65]

Does your state offer reduced taxes with a trade in? Colorado reduces the final sales price for tax purposes with the trade in. I ended up trading in for that reason because made me about 2K more net.

yes it does but the dealer I am buying from does not offer good trade in, so looking to sell separately if I can get more then the tax savings

 

[KrazyEd]

I finally got to order my Lightning. Figured that My 2021 Mache Premium would be worth more
today than next spring when it arrives. Couldn't get carbuyerusa site to work. Givemethevin offered
the most at $50,271. Carmax offered $50,000 after visual inspection. Since it was going to be a
while, I picked up a 2016 Chevrolet Spark EV. That dealer only offered me $46,000. Two other
dealers offered less than $50,000. I contacted the Ford dealer that my Lightning was ordered
through, told them what the Givemethevin offer was and they matched it. Called dealer I
the Spark EV from and they passed. I am in Las Vegas. Highest prices seem to be south and
California.

 

[Fordguy]

For those who have sold their MME already, did the buyer pay off the loan and wait for the title or did you pay off the loan prior to selling it?

 

[KrazyEd]

Paying off the loan first would probably be best if selling outright. I sold mine to Ford dealer,
figuring that it would be fastest since everything was " in house " AFTER all the paperwork was
done, they told me that I would get a check as soon as they received the title.
Anyone have any idea how long Texas takes to mail a title?

 

[Southern92]

Damn man! San Diego here as well, sold mine 3 weeks or 4 weeks ago!
2022 GT 5000 miles, my offers were the same as yours! but mine was not the Performance GT.
looks like prices are coming down sharply! driveway offered me $67.5 for mine.

Ya, I knew I might have to sell it last month. . . but I liked the car too much. Should have pulled the trigger last month.
Hoping things will turn around & I will get back in the market in 2023!

 

[Mach1E]

yes it does but the dealer I am buying from does not offer good trade in, so looking to sell separately if I can get more then the tax savings

Trade ins with dealers are very negotiable. Give them the number you want. And with the sales tax savings they don’t even have to beat your other offers for it to be better for you.

 

[Caulk-E]

Damn man! San Diego here as well, sold mine 3 weeks or 4 weeks ago!
2022 GT 5000 miles, my offers were the same as yours! but mine was not the Performance GT.
looks like prices are coming down sharply! driveway offered me $67.5 for mine.

Prices are definitely coming down sharply, which is odd because the 2023 models are so much more expensive than the 2022. I’m not looking to sell, but I have been entering my VIN at the aforementioned websites to get a quote. 2 months ago, I was getting $2.5k over MSRP. I just checked tonight and now the offers are about $1k under MSRP.

 

[yngwenli]

Maybe it's interest rates. Too many people shop monthly payments/financing for car purchases. Housing prices dropped a ton recently and we know rates doubled.

It's definitely good for buyers I feel.

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