what's the best way to sell a vehicle so I can finance a minivan?

Irishmama · Jan 21, 2009

I would really like to get a used minivan, I'm looking to spend between $3,500 and $4000 but I need to sell our current vehicle to get the cash so I can pay cash for a vehicle. I can't afford to finance. What's the best option for selling a vehicle? We looked at a local dealership using it as a trade-in for a Windstar, but they said they don't have a lot of demand for 15 passenger vans, so they couldn't offer us enough. Any ideas? The dealer suggested Carmax, but I don't think they'd be interested. I appreciate any ideas, I'd love to get this one sold so I can get a smaller van. Thanks in advance!

christineka · Jan 21, 2009

I would look to sell and buy concurrently. The family who bought our van had to sell their car first. I believe they had a buy, took out a loan, bought our van, then sold the car, paid off the loan.

Or if you have a cc with a $5k limit you could buy the minivan on that just before you sell your van and then pay that off. You'll get more money to sell your van yourself.

*Spoiledinmyhouseofblue* · Jan 21, 2009

Hey, I pm'ed you. Check out craigslist and jolietyardsales.com
Also, there are alot of used minivans for sale along rt. 6 past the subway(they are in people's driveways). Check out the used dealership on Rt. 6 by the subway. They have tons of minvans and I noticed some of them have been there for a long time.

Hope that helps. I really want your 15 passenger, but Mike keeps saying no way!

Irishmama · Jan 21, 2009

I'll check out Craigslist and jolietyardsales. I'll have to have dh drive by the vans for sale on Rt. 6. We stopped by the dealership but all they had was a Windstar with 150,000 miles on it and a '04 Sedona that was out of our price range.

LOL, I'd love to sell it to you! I'd even throw in two Evenflo Triumph's (the original ones). Maybe you could tell him it followed you home? You wouldn't have to tell him I drove it!

Irishmama · Jan 21, 2009

:doh: Hadn't thought about a credit card! LOL. The interest rate scares me a little in case it takes me a little longer to sell the van than we think it will. But it's definitely a thought. The dealer said if we finance he can't come down as much because he has to pay an acquisition fee for financing, so I'd definitely like to pay cash, plus then I know I didn't over extend myself financially. According to KBB online, the van is worth about $3,500 in it's current condition, but I'm worried if no one is willing to pay that for it, and I do overextend on a new van, we won't be able to take the hit financially.

christineka · Jan 21, 2009

Wait to go with the credit card until someone very seriously wants to buy your van- as in they are arranging to come down with the money to buy it. Of course, that would mean you'd have the new van lined up and ready to buy.

Irishmama · Jan 21, 2009

Gotcha...I know the dealership really wanted to sell that Windstar, it's been there for months.

Irishmama · Jan 21, 2009

Maybe he wouldn't notice if we switched vans.

LOL.

what's the best way to sell a vehicle so I can finance a minivan?

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