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 Ford F 150 XLT 2002 Ford F150 XLT Super Crew 4x4 $6,800.00 (16 Bids) Time Remaining: 1d 2h 50m Buy It Now for only: $9,600.00 |
 Ford F 150 XLT 2009 F150 XLT SUPER Crew Cab TEXAS EDITION $18,000.00 Time Remaining: 5h 28m Buy It Now for only: $18,000.00 |
 Ford F 150 XLT CREW 2011 FORD F150 SUPER CREW XLT TRUCK RED SUSP LIFT 50L XD WHEELS TX EDITION $34,545.00 Time Remaining: 19d 9h 38m Buy It Now for only: $34,545.00 |
 Ford F 150 2WD 2008 FORD F 150 2WD SuperCrew 139 XLT $1,000.00 Time Remaining: 1d 10h 13m Buy It Now for only: $14,982.00 |
 Ford F 150 XLT SUPRCREW 10 FORD F 150 XLT SUPERCREW ONE OWNER FLORIDA TRUCK CLEAN CARFAX NO ACCIDENTS $18,900.00 Time Remaining: 1d 9h 25m Buy It Now for only: $18,900.00 |
 Ford F 150 SuperCrew 2001 Ford F 150 XLT SuperCrew 4x4 Fresh Trade NO RESERVE Nice Truck LK $4,051.69 (18 Bids) Time Remaining: 1d 12h 59m |
 Ford F 150 XLT Crew Cab XLT 4x4 AWD Super Crew FL Driven Full Power Chrome Rims Hitch Locking Bed Cover $23,988.00 Time Remaining: 17d 6h 7m Buy It Now for only: $23,988.00 |
 Ford F 150 XLT 2002 Ford F150 Super Crew 4x4XLT PackageFABTECH Lift100CarfaxNO RESERVE $8,500.00 Time Remaining: 2d 1h 50m |
 Ford F 150 2WD SUPERCRE 07 F 150 XLT SUPER CREW XD SERIES 20 CHROME WHEELS LEATHER NAVIGATION $14,950.00 Time Remaining: 5d 8h 16m Buy It Now for only: $14,950.00 |
 Ford F 150 XLT 2001 F 150 Super Crew Cab No Reserve $4,500.00 Time Remaining: 3d 1h 32m |
 Ford F 150 XLT 1 Owner 08 F150 XLT SUPERCREW SUPER CREW CAB VERY CLEAN FLORIDA DRIVEN 46L V8 1 OWNER $17,976.00 Time Remaining: 16d 4h 26m Buy It Now for only: $17,976.00 |
 Ford F 150 2WD 2010 FORD F 150 XLT SUPERCREW CLOTH INTERIOR $11,000.00 Time Remaining: 3d 8h 9m Buy It Now for only: $20,991.00 |
 Ford F 250 XLT 4WD 00 F250 XLT 4WD SuperCrew ShortBed 5spd V10 Xnice 2TxOwner $8,988.00 Time Remaining: 4d 8h 18m Buy It Now for only: $8,988.00 |
 Ford F 150 4WD CREW CAB 2008 FORD F 150 4WD SuperCrew 139 XLT $100.00 (1 Bid) Time Remaining: 3d 9h 26m Buy It Now for only: $18,994.00 |
 Ford F 150 XLT 08 FORD SUPERCREW FULL SIZE F150 PREMIUM $21,000.00 Time Remaining: 1d 5h 52m Buy It Now for only: $21,000.00 |
 Ford F 150 SUPERCREW 2006 FORD F 150 SuperCrew 139 XLT TWO TONE $1,000.00 Time Remaining: 3d 21h 54m Buy It Now for only: $15,982.00 |
 Ford F 150 F150 SuperCrew Cab XLT 50 V8 4x4 4wd TOW PKG BEDLINER ALLOYS 10K $28,997.00 Time Remaining: 11d 12h 25m Buy It Now for only: $28,997.00 |
 Ford F 150 2WD 2007 FORD F 150 2WD SuperCrew 139 XLT $1,000.00 Time Remaining: 3d 21h 55m Buy It Now for only: $13,982.00 |
 Ford F 150 4WD SUPERCRE 2008 FORD F150 CREW CAB 4X4 54 LITRE V8 SUPERCREW XLT NON SMOKER $16,995.00 Time Remaining: 4d 4h 28m Buy It Now for only: $16,995.00 |
 Ford F 150 2WD 2007 FORD F 150 2WD SuperCrew 139 XLT TWO TONE $1,000.00 Time Remaining: 3d 21h 58m Buy It Now for only: $16,982.00 |
 Ford F 150 4WD SUPRCREW 09 FORD F 150 XLT 4X4 SUPERCREW ONE OWNER FLORIDA TRUCK CLEAN CARFAX $21,500.00 Time Remaining: 6d 5h 44m Buy It Now for only: $21,500.00 |
 Ford F 150 4WD 2010 FORD F 150 4WD SuperCrew 145 XLT $1,000.00 Time Remaining: 3d 21h 59m Buy It Now for only: $27,982.00 |
 Ford F 150 XLT 4X4 2011 F150 4X4 XLT SUPERCREWGREAT BUY $26,800.00 Time Remaining: 5d 7h 7m Buy It Now for only: $26,800.00 |
 Ford F 150 XLT 2007 Ford F150 XLT Super Crew 4x4 79K Miles Very Clean 20 Wheels $15,000.00 Time Remaining: 4d 1h 11m Buy It Now for only: $18,900.00 |
 Ford F 150 4WD CREW 2010 F 150 SUPERCREW 65FT BED XLT CHROME 4X4 54L V8 1 OWNER VIDEO 4WD 21K MILE $30,000.00 Time Remaining: 2d 7h 58m Buy It Now for only: $30,000.00 |
 Ford F 150 XLT Super Crew Cab Fully Loaded $7,100.00 (5 Bids) Time Remaining: 4d 10h 19m |
 Ford F 250 XLT 4WD 06 F250 XLT 4WD Diesel SuperCrew ToolBox TexasOwner $11,988.00 Time Remaining: 6d 3h 43m Buy It Now for only: $11,988.00 |
 Ford F 150 SUPERCREW 13 2006 Ford F 150 SUPERCREW 139 XLT $10,500.00 Time Remaining: 5d 4h 46m Buy It Now for only: $13,900.00 |
 Ford F 150 XLT Pickup 2008 Ford F150 SuperCrew Cab XLT Pickup 4D 5 1 2 ft $21,988.00 Time Remaining: 2d 2h 19m Buy It Now for only: $21,988.00 |
 Ford F 150 CrewCab XLT 2008 Ford F150 SuperCrew XLT Great Condition No Reserve $11,750.00 (1 Bid) Time Remaining: 5d 6h 47m |
 Ford F 150 XLT 2011 FORD F 150 XLT 4X4 SUPERCREW $33,000.00 Time Remaining: 12h 34m Buy It Now for only: $33,000.00 |
 Ford F 150 2WD 2010 FORD F 150 2WD SuperCrew 145 XLT SYNC CAPTAINS CHAIRS PWR DRIVER SEAT $1,000.00 Time Remaining: 5d 12h 48m Buy It Now for only: $22,982.00 |
 Ford F 150 SuperCrew 4d Factory Certified XLT 4x4 54L V8 7YR 100K Warranty Excellent Condition 38 Pics $21,340.00 Time Remaining: 8d 10h 48m Buy It Now for only: $21,340.00 |
 Ford F 150 xlt F 150 4x4 supercrew cab $3,664.00 (20 Bids) Time Remaining: 6d 2h 14m Buy It Now for only: $8,500.00 |
 Ford F 250 XLT 4WD 05 F250 XLT 4WD Diesel SuperCrew Loaded 2TexasOwner $12,695.00 Time Remaining: 17d 5h 38m Buy It Now for only: $12,695.00 |
 Ford F 150 SUPERCREW 13 2004 FORD F 150 XLT TRITON SUPER CREW CHROME WHEELS CUSTOM DETAILS THROUGHOUT $9,500.00 Time Remaining: 6d 4h 9m Buy It Now for only: $10,000.00 |
 Ford F 150 XLT 46L V8 07 F150 SUPERCREW SUPER CREW CAB XLT VERY CLEAN LOW MILES FLORIDA PICK UP TRUCK $18,414.00 Time Remaining: 5h 14m Buy It Now for only: $18,414.00 |
 Ford F 150 SUPERCREW 06 F150 4X4 SUPERCREW 46 V8 XLT LEATHER STEPS BEDLINER TOW BIG OFF ROAD TIRES $202.50 (2 Bids) Time Remaining: 6d 5h 24m Buy It Now for only: $19,990.00 |
 Ford F 150 XLT 08 Ford F150 SUPERCREW FULL SIZE F150 CAB CREW PREMIUM $16,000.00 Time Remaining: 4d 5h 18m Buy It Now for only: $16,000.00 |
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It's time to purchase a New Car or truck, and you would like to sell your existing vehicle and use that money to fund the down payment on your new vehicle. You're not sure whether you want to sell your current vehicle yourself, or trade it in to the dealer, putting that money towards the purchase price of the new vehicle. Trading in your Used Car or truck is definitely the fastest and easiest way to dispose of your vehicle (the trade in transaction could take less than an hour), but it can cost you thousands of dollars compared to how much you could get for the car if you sold it on your own.
There is plenty of evidence available that selling your vehicle privately is a better option than trading it in, but perhaps the best proof is the personal example I can provide. After our happy family of 4 became an even happier family of 5, my wife and I decided it was time to replace or Volkswagen Passat with a minivan. We figured the Passat would be a good bargaining chip when negotiating with dealers as it was driven an average of 10,000 miles a year, had no body damage, and complete service and maintenance records. The first dealer we went to offered $2,500 less than the Edmunds private seller price. The second dealer offered slightly more for the Passat, but was not as willing to bargain on the price of the minivan we were interested in. We walked away from the second dealership committed to selling the vehicle on our own. Three weeks later we sold the Passat on our own for $1,900 more than the highest price we were offered by any dealer.
Our experience is not atypical, and an analysis of Edmunds.com True Market Value data conducted in early 2010 shows that. There is typically a 10 to 20 percent difference between what a dealer would offer you on a trade in and what you could sell the vehicle for yourself. Here are examples of how much more you can expect to get for a car or truck if you sell it privately, rather than trade it in for some of the more popular Used Cars and trucks. When comparing the private seller price vs trade in price all vehicle features and characteristics were kept the same.
* 2007 Honda Accord EX Sedan: $1,103
* 2007 Toyota Camry SE: $1,463
* 2007 Ford Mustang GT Premium: $1,632
* 2007 Dodge Ram 1500 Laramie 4 Door Quad Cab: $1,932
* 2007 Honda Odyssey LX: $1,423
* 2006 Ford F-150 XLT 4 door SuperCrew: $1,997
* 2006 Jeep Grand Cherokee Limited: $1,675
* 2006 Nissan Altima 3.5 SL: $1,752
* 2006 Chevy Tahoe LS: $1,833
* 2006 Toyota Sienna XLE: $1,530
The spread between private seller price and trade in price approaches $2,000 for a couple models, and exceeds $1,000 for every model. Clearly, spending the time to sell your vehicle on your own has its financial benefits. Yes, there will be some added hassles like having to keep the car clean at all times, having to gather old service and maintenance records, and being stood up once or twice for appointments to view your car, but the hassle is more than worth it when you consider just how much money is at stake.
One final note on trade in values -- if a dealer is willing to accept your trade in for what you could sell your car for on the private market he will try to make that lost profit back in other areas, either on the purchase price of the car you end up buying, or in the financing of the vehicle.
Lowell Bike is a co-founder of http://www.myautotips.com/, a leading provider of information and advice through all levels of the automotive lifecycle. With over 8 years of experience in the automotive information field the author is in a unique position to provide money and time saving tips for car buyers, sellers, and owners. Visit http://www.myautotips.com/ for great advice today!