Thanks for confirming I was understanding correctly Sasnuke!

 

I've sold every car privately, nothing as expensive as the IS though, 3 cars total, 2 Corollas and an Accord, these cars are very popular in the used market. The IS is also (currently) highly sought out after, especially your trim.. we can all agree, the most desirable one.

My point with the latter statement is, you will have A LOT of offers and it will be EASY for you to sell. I remember bringing my Corolla in for trade in and they gave me half the value of the car. Sell it PRIVATELY. It is not difficult and you will make a lot more money. Check the KBB value and use that, I think you could definitely sell your car at $25k, close to $27-28K. Have them bring cash (which may be excessive) or a check, go to a bank, get the transaction done there. You're selling a $30K car, no one is going to try to finesse you or be 'shady' about it. It's not as hard as people make it seem, good luck!

 

If the RDX suits your current lifestyle go for it.

I think an NX or RX would better suit your needs but I just heard they are the top stolen cars here today on the news. Stick with the RDX, although I heard the CRV is number one, IIRC

If you sell your car to a dealer, I can see them listing it for $28,888 which is huge profit considering they will make money off financing and extended warranties.

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Never traded a car in as it’s too much money left on the table in normal times, but these days even more so.
-I’d get 2-3 trade in offers and list it according to the used market within 250-500 miles of you. Accomplishes a backup offer, and makes any lowballer buyer stay away as clearly you won’t accept a below trade in price.
-Paid off title makes it an easier process.
-Ask that any buyer wanting to see in person has financing approved or is cash ready. Minimizes anyone interested who later cannot get approved.
-Meet in a public place and show the car.
-Meet in a bank to sign the title and get a cashiers check in your name, or if the same bank for both parties you can easily do a bank transfer.
-Keep tags and enjoy the funny money.

As an example, my ISF is listed for sale and my trade ins were $33-37k. It’s modded so I’ve gotten $43-45k offers, but still want more. Another extreme example but my GX470 with 230k I sold last month for $16k. Trade in was $5k. Maintenance records and a hot market spoke more than an algorithm on KBB/nada.

 

Thanks again for all the replies!
I’m Going to give the car a good wash and detail, take some nice pics & post an add on autotrader and see what kind of offers I get.
Emailed 2 dealers tonight also.
Will report back with what the offers are.
Thanks again everyone!

 

Idk if they’re present up there, but Carvana and Vroom have had pretty good offers lately. Just enter your VIN miles and condition and they send you an offer. They’ll pick it up from you too.

 

Selling your car to Carmax, Carvana and Vroom are still going to have you leaving $4K plus on the table vs selling yourself in this car shortage time.

 

IMO the point of getting quotes from Carmax, Vroom, and Carvana is more about getting a baseline. I got an offer on vroom for my car before trading it on my IS 350 because I knew they would offer more than I'd get on a trade-in. The dealer agreed to match vroom's offer.

 

Trade at Dealer = lowest value of the car.

Maybe look at what they are selling them for? Guess we just have different value thoughts? At this time, with a car that has a transferable Warranty, I would get about as much as a Dealer would sell it for retail. There is very limited selection right now, and it seems he has a very nice one.

 

Yep, agreed selling privately is going to get you the best offers... Just depends on what you are trying to do. If you have the time, I'd say go for it.

In my case, I wanted the VW gone and the Lexus here, so... trading made more sense. However, it was quite a bit of haggling and arm wrestling before they gave me a trade-in offer I was happy with. I could've sold it private party for pretty close to MSRP if I had wanted to.

 

Honestly, Fri night nothing wrong with your car, all service up to date and tires 6 months old. You go to Dealer and get a $19k Trade Value. You trade.

Monday morning after service check out, by mid week the car is in their inventory to be sold at $25,599. I always ask to see the service doc they have on any used car from a dealer. Likely from Service and detail its less than $500 invested by the dealer. Why I never trade cars, but then again my cars are always in great shape.

 

Thanks everyone...here’s the update:
I’m forgetting the RDX, it can’t tow much.
Now considering a Toyota Highlander XLE or Toyota 4Runner...

I have a dealer offering me 25k trade in but they have the 2019 highlander XLE with 34,000km listed at $49,999...I’m sure there is some wiggle room as that’s a touch more than what I’m seeing on autotrader and car gurus.

What do you guys think? I’m really surprised they are offering 25k just worried tomorrow when they call they may not budge on the 50k for the highlander.

im in Canada so it’s CAD and market here is expensive for cars.

 

Its widely known, but I'll point this out anyway. A Dealer could offer you $29k for your car. All it takes is for them to increase the price of the car they are selling and it net's the same thing. The advise always given is to work on the new car's selling price 1st. Then bring in the Trade when after you have gotten the lowest Selling price on their car

 

^^ I agree, except they can always turn around and give you less than they would have been willing to go for your trade in knowing they just got low balled for the new one

 

Ture, but at least you will then be sure of what is the lowest price they are asking for their car.