I know that I may be posting this in the wrong place, but looking to sell, or for a broker to help sell, or just LH advice/feedback.
I have used LH brokers for several years and always found it worth the fee. I am now looking for someone to help broker the sale of a car I own. It is a somewhat rare car, and I think local dealers are lowballing me ($110k vs. KBB $138k).
Year, Make, Model, and Trim: 2019 Mercedes S63 AMG Coupe
Location: Princeton, NJ
MSRP: $192,795 (in 2019)
Monthly payment (pre-tax): N/A
Effective monthly payment (if incentive is provided): N/A
Current mileage: 4,800
Maturity mileage: N/A
Effective miles per month: N/A
Maturity date: N/A
MSD due (if any): N/A
Cash due (if any): N/A
Incentive for new lessee (if any): N/A
Financial institution: N/A
Transfer fee: N/A
Out-of-state transfer allowed (yes/no): N/A
Vehicle condition (accidents, tire wear, etc.), options, and other details: Car is in excellent condition. No issues.
I would reach out to dealers in warmer climates (think central FL/Tampa, etc.). Might be worth shipping it down there for $1k if the offers are 5k+ higher.
Have you tried Carmax, Carvana, GMTV, Autonation near or around SoFlo? I would also try giving a shout to Untamed Motors. That being said, I know he deals primarily with Toyotas, specifically TRD Pro’s. However, I think it’s worth reaching out.
The biggest problem with this type of car is the lack of a warranty. By the way, depreciation is not done yet. In next four to five years, it will be under 50K.
Obviously I don’t know what options you have, but looking at Edmunds for example shows a trade in of around $108.8k and PPV of $117.9k.
Checking KBB, it seems like it’s placing a far higher premium on the low miles as well.
I suspect the Edmunds value is more realistic, but if you’re not in a rush, you can always gradually reduce the price until you find a buyer. The longer you wait, the more the car will keep depreciating though.
I wouldn’t trust KBB trade in value. Lately I’ve seen lots of cars sit with asking retail price below KBB trade in value. That’s what happens when you get 6-7% interest rates.
If you’re really trying to squeeze every last penny out of it, try bring a trailer or cars and bids. It’s not rare but the mileage certainly helps.