Should I Sell My Car to a Dealer?

Should I Sell My Car to a Dealer?
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[@brendantuomey3910]

One thing Dave never mentions with cars is that if you have a loan on it and don't have the title with you that will scare alot of buyers away. It can take up to 4 weeks to receive the title after you pay off the loan. Most buyers will not be willing to give you 20k dollars if you don't have the title in hand

[@iaimforawesome]

Brendan Tuomey in this case you can go to the bank that holds the title and the buyer pays the car off in person.

[@brendantuomey3910]

@@iaimforawesome what happens if the bank is out of state? Thats what happened in my case

[@dexterm1285]

Agree it's more work and a pain sometimes.... if a seller doesnt have a title I would pass usually

[@tompain2751]

@@iaimforawesome buyers don't want that hassle,unless they save thousands.

[@LG123ABC]

You could provide the buyer with a Bill of Sale and even get it notarized. Some buyers might be okay with this.

[@ryanweston9677]

I have a ton of clients buying new cars that can barely afford the insurance on it. People are and will continue to be stupid with money and trying to impress people with stuff. It’s sad

[@shadypines9929]

What business are you in?

[@foford2010]

I've seen a lot of Tesla Model 3s in my area. These cars are $40k+ new

[@jesuslovesyou916]

4 years ago I went to Carmax to sell my 2004 BMW x5...they offered me $3k. I honestly wanted to get rid of it because I been spending money to fix things n it's expensive. Hubby and I went home to get the title and as we were driving to Carmax. We got in a car accident and my SUV was totaled. I got $9875. Few days after from Geico insurance. The Lord was looking out for me. Dealers will rip u off

[@jesuslovesyou916]

@Dr. Johnny Sins stop assuming when u don't have facts.....so the person that ran the light and crashed and totaled my car, whom got arrested for driving while intoxicated..which I could have died is consider insurance fraud on my end? Shame on you!!!! I'm from money and I retired at the age of 23... so I don't need to commit fraud to get it..... I bet my 3 year old income is more than what you'll make a year...

[@jaya.0069]

Well, the Lord works in mysterious ways!

[@jesuslovesyou916]

@@jaya.0069 Yes he does. I only shared my testimony to say we shouldn't sell cars to dealers because they'll give u far less than what it actual worth.

[@deanslegos1990]

🙌

[@billybat5790]

My friend got his 8k car totaled and he got 15k for it and bought a newer Honda. It be like that sometimes

[@Greivous429]

Right now is still the best time to sell to a dealer. Its the best option until there are no more shortages because they will overpay you for it and then oversell it to someone else.

[@loveme10111]

My car dealership just called me asking to buy back my 2021 Hyundai Kona , I wasn't sure if it was a good idea or not. I'm starting to think maybe I should have said yes.

[@jeanlenor1858]

Sell it to the dealership. No one got 24k cash sitting around. That's the biggest issue selling an expensive car in America outside of the financing thing. Craigslist, fb Marketplace people are broke. Believe me..I was a used car seller.

[@raechelsuperville6638]

I was thinking the same thing.. who has that money just sitting.

[@jeanlenor1858]

@@raechelsuperville6638 Basically no one, in my opinion. I've followed these expensive cars remain on Craigslist for months and months. It's really a pain...

[@blackworldtraveler3711]

I have that amount of cash already set aside just for my next used car. Rather trade through dealership and get certified used.

[@jeanlenor1858]

@Ayawrxsti He'd have you go to the bank which finances the car with him. You'd pay the bank right there and then. They d would send him/you the title a week later. It's the only safe way.

[@dexterm1285]

As someone that was looking to buy a used newer car cash from a private seller it's tough to find. Most peope dont have titles on newer cars and making payments.

[@jordanaubrey-realestateinv334]

I used to work for a dealership and we used always pay less. Private sale all day long.

[@RichardWalls]

Like anything else, you should shop around to different potential buyers. Dealers likely aren't going to give you the best deal, especially if you're also buying a car from them, as they'll mix in the trade-in value with the price they'll charge you on the new car. You could sell it on your own if you're not rushed to do so, which would net you the highest pay off if done right.

[@armyretguy7365]

There’s a reason KBB gives you a value for dealers and a separate value for private sales, and the dealer is always lower. A dealer will flip it for a profit, a private buyer will drive it. If private sale is an option, always go private sale.

[@justinacase2623]

The dealers rarely offer KBB value, they offer wholesale which is way lower. They steal trades.

[@armyretguy7365]

Azzo yeah, my point though is that the values are lower for dealers to give you a lower bar to aim for, allowing dealers to make money. Trading is usually a rip, with the exception being the cash for clunkers type deal, where they guarantee 2k on anything, even if it’s towed. You know they make that up in rebates though....

[@Gregoman89]

Kbb is owned by car manufacturers. Sounds like a good scam to me.

[@armyretguy7365]

Greg Bates likely is a scam :)

[@justinacase2623]

@@Gregoman89 they all in on it! Like diamonds. Bigger scam

[@deanalbertson7203]

The problem with selling "private sale" is that it is a bit more risky. Selling to a random stranger, in a random location, and accepting a check that may or may not be good. Then that person may or may not register the car in their name, leaving you liable in the meanwhile. It's safer and better to sell to a reputable company.

[@ThePatriots010304]

Require a cashier’s check. If the buyer is unwilling to get one then move on to someone who will.

[@deanalbertson7203]

@@ThePatriots010304 I know a person who was selling a cell phone in a "private sale." When he showed up, the "buyer" pulled a gun on him, took the phone and his wallet. Not a great transaction.

[@joeb1522]

@@ThePatriots010304 Or only accept cash. Cashier's checks can be fake as well.

[@deanalbertson7203]

@@joeb1522 I agree that cashier's checks can be fake. The problem is that cash can be fake as well. It's harder now with all the security features, but older cash can be faked.

[@justinacase2623]

I figured, if he showed up, he better have the bill of sale, the original title, if he wanted it back. Cause in the two years time his looks could have changed, how would I know what he looked like. So keep the paperwork!

[@BLacknesmonstaz]

My car still had manufacturers warranty and had a couple bugs so car max offered me 8k more than i owed on it, i took the deal i felt great walking free. Few months later i bought a car out right.

[@golurk9521]

Nice how did that happen?

[@miketheyunggod2534]

Dave is the reason we can't have nice things.

[@1.5Koreans0.5American]

Caller: I want to buy the moon Dave: well, what's your annual income?

[@dete503]

Yawn

[@Stan_sprinkle]

앚아 ㅋㅋㅋ

[@sarajmollah]

gru will get it for free

[@cutlerylover]

I have family members who always sold to the dealer and what a rip, the ONLY reason you would trade a car in to a dealer is if your lazy, and just dont want to deal with a private sale ...makes things easy for you to drive to the dealership and leave with something different but thats about the ONLY advantage...You will make more money in a private sale 100% of the time...

[@collinis1]

Hey Jeff. Been watching over 10 years. Nice to see you here

[@cutlerylover]

@@collinis1 hey thanks Im glad you still enjoy the videos :)

[@blackworldtraveler3711]

Don’t mind at all being lazy about minor things like this and making more money isn’t a priority with me. Have salary,investments, and passive income for that. Get it done and deal with fewer people. Also always pay cash,completely debt free with no financial issues.

[@dexterm1285]

Agree and it's really not difficult at all well worth getting on more expensive cars $3k+ easy with minimal effort and time

[@Originalman144]

Get rid of it and move on with life. Cars are cheap and at a surplus right now - and not as many are buying cars as they were one year ago. Not as many people are driving as much as they were one year ago. Dealer could pull their offer if the market shifts. Dump it.

[@SmallSpoonBrigade]

I'd list it on Craigslist or similar a month and see what happens, like David says.

[@jesuslovesyou916]

Or list it on Facebook marketplace

[@patty109109]

Here is what happens: 10 requests a day asking if it’s still for sale. When confirmed it is 8 will never get back to you. One will ask if you can take payments and the other will offer 75% what you’re asking.

[@SmallSpoonBrigade]

@@patty109109 Probably, but the offer is likely good for a few weeks, so it's worth trying. Just indicate in the ad that the price is firm.

[@oldtwinsna8347]

@@patty109109 and in this price bracket, the 1 that eventually "sounds serious" will only want to test drive it and tell you his life story of how he wished his parents got him a car like this, since he can never afford to buy it (note the present tense).

[@patty109109]

mr anderson mr Anderson dude why so angry? What a crazy response you wrote.

[@yamamancha]

I've always wondered about this. $3000 seems like a lot but what about all the work that goes into a private sale? Is there paperwork or title transfers and other filings that have to be done by the seller? The time involved in photographing the car, posting on a website? Are there financial risks involved (like a bounced check)? For me, the time involved involved in selling a car might be better spent on something else if it's only $3k. There is definite value in peace of mind.

[@Shadowwind4]

For you, your time might be worth more. For someone else, the 3k might be worth a lot more, just depends on each individual’s financial situation and personal preference.

[@joeb1522]

On the high end it might take 10 hours to sell. 10 hours for $3,000 is $300 per hour. Most people don't make $300 per hour. The paperwork is pretty simple from my experience in my state.

[@yamamancha]

@@joeb1522 I've have the same car for 15 years and so I've never sold a car. I know dealers take a profit so I I've always wondered about the work involved in selling a car privately. It only takes 10 hours? That's not bad. Do people just cut a check or do they have their bank wire a payment to the seller?

[@joeb1522]

@@yamamancha I have sold my cars only accepting cash. I also owned them for a long time and they were only worth a few thousand when I sold them. I think a lot of people get financing at a bank and will get a cashiers check from a back once they do the financing. I bought a car from a private person this way. This is pretty simple. Just google your state DMV the steps to follow to sell a car. I recall you have a sales agreement. Sign over the title and give it to them. Take off the license plates. And then tell the DMV online you sold the car and who you sold it to.

[@ultimaetsolder]

It's a Job. If it takes him a month full-time it's like he earned 3k a month on a "second job." And it's not a full time job...

[@too-da-loo]

Car dealers do not 'rip you off' .. they offer you something and you have a choice to take it or walk away.

[@Shane-fh4uu]

You're like a needle in a haystack! I sell computer parts and some of my friends ask for a good deal. I give them an offer and the first thing they ask is if I'm scamming them. People are lazy, don't want to research anything, and want people to hand them the deal of a century on a silver platter. Oh, and I also tell them the item is suddenly out of stock when they ask me that 😂

[@CrimeDoesNotPay]

No, they rip you off. No one questions that. That’s how they stay in business

[@Shane-fh4uu]

@@CrimeDoesNotPay Define rip off. They buy your car and sell it for a higher price in order to make a profit. It's basically any retail business. What makes a car dealer a rip off vs any other retail business?

[@CrimeDoesNotPay]

Mike B Any profession with a mystic “manager in the back” reeks of rip off. How do you think the industry earned its reputation for being shady “used car salesmen”? How come they don’t say that about used jewelers, used appliances, or used clothing stores?

[@Spimmick]

The difference is you can't buy a new car like you can go buy a new microwave... that's why you get ripped off

[@marinevetoneroman7232]

R.V homes sales are also breaking records.. let's hope they are paying cash..🙄

[@Gazziza29]

Check with Carvana. Right now they're paying stupid deals for used vehicles, some even at KBB value.

[@joeb1522]

A dealership offered me $700 for my car and I sold it on Craigslist for $2,000. It took about a month to sell. If I listed the car for $1,500 I could have sold it on Craigslist in a few hours. I imagine a 20K car would take longer to sell.

[@user-tb7rn1il3q]

Joe B Cheap cars with a clear title sell fast. Cars over 10k don’t sell hardly at all. Very few buyers have the cash and financing can be tough unless they have perfect credit.

[@logdon17]

Pandemic has actually helped us financially. We stopped paying all child care costs and commuting expenses for months now, enough to buy a boat probably. Thankfully I follow Dave and have saved every penny of that to pad the bank account and be in a great position to ride out the next market implosion.

[@haris000000]

Dave's Grandchild: Grandpa, I hurt mu finger Dave: What's your household income

[@miltonaldridge4170]

Sell the car

[@Ojisan642]

Carvana is paying top dollar for 1-2 year old cars. They have a lot of venture capital money and they are trying to build inventory so they are outbidding everyone, even at a loss for them.

[@omar10213245]

hmmmm * rubs chin thoughtfully * ....I have a 2018 toyota tacoma trd sport and it's nearly flawless, wonder what they'd be willing to give me for it . . .

[@Spimmick]

I think part of the increase in sales is from increased stress levels in the population. People are seeking that release and satisfaction.

[@cmritchie04]

it is very hard to sell a car privately unless it is a car in high demand. Plus chances are the buyer is going to a bank to finance. If a private person gets a check from the bank the interest rate is higher than a dealer.

[@dexterm1285]

Sold our old Camry in literally 2 hours on Facebook marketplace. So Toyota are easy to sell.

[@brianpitsilides5337]

“Sell my car to the dealership? Why don’t I just flush my money down the toilet!?!? - George Costanza

[@ForeverHumble101]

Lol 😂

[@ForeverHumble101]

Love that episode!

[@dimepiece8855]

eh i did it with a tacoma and after all the abuse i put it thru, i took my cheque laughing to the bank haha they really wanted it it ended up sitting on there lot for 4 plus months never sold ....... paid me top dollar private sale price

[@jeanlenor1858]

Who got 21k sitting around to pay you? This is America where most people don't have money to pay a 10k purchase on the spot.

[@Counter-Intuitive]

To the contrary, used car are coming DOWN in price 😊

[@bush4721]

Dealerships will always rip you off with the lowest offer. If you can’t sell private, try Carvana or Carmax. They will always offer more than traditional car dealerships.

[@ychandra737]

Carmax offers really low. You are better off selling to an individual even though its a bit of work.

[@bush4721]

Yash Chandra I am talking about the situation where you want to get rid of a vehicle quickly, which is not likely for a private sale. In that case, Carmax is a better choice than normal dealerships. You can do appraisal and compare both yourself.

[@cstickles]

I do want a to get this thing off my back ASAP. You are correct. I’ve been pray nonstop about whether or not or should try to go with this mechanic or not though.

[@CookingwithChubaranks]

I tried to sell mine for 6 months dealer made and offer I couldn't refuse. Wishing him the best

[@BusArch42]

Cooking with Chubaranks yup. Same experience. Ended up selling to the dealer.

[@CookingwithChubaranks]

@mr anderson hahahaha 😂🤣 it was a beautiful 2015 f 150 super crew. I priced it for what I owed from the bank not even trying to make money on it. CarMax offered me my loan balance plus 1k sold her the next day

[@jbvilla82]

@Cooking with Chubaranks, same here. Took forever to list online. Bunch of deadbeats and lowball offers from random people. Ended up selling to a local dealer. I’d say let the dealer handle the dead beats, and lowball offers.

[@Zatoichinisanyon]

Makes sense, give it a month. There will be a few waste your time calls, low bids, no shows, no money. But all you need is one legit buyer.

[@jimmeyer9075]

He has no issue losing 50 percent buying a new car but, questions 3k loss selling it. In 5 months he will give away more than 3k. Cut your self loose and move forward , this is your first day in the right direcrion.

[@calebniederhofer6529]

Selling private party is not worth the hassle usually. People always want to low ball offers private party. The other thing is dealing with people that do not have the money and want to text drive. Trade it into CarMax, etc, be done.

[@treyatl2006]

I would try Carvana and Carmax.... Carvana can be done at home and both are desperate for vehicles because of low inventory. But preferably I would sell private. I would at least try carmax and Carvana because they have been giving better valuations than most dealers..

[@TeKnoVKNG23]

Take it to Carmax, they'll usually give you a pretty fair deal on it. Private party is pretty difficult right now, not to mention if you have a loan on it people aren't going to want to wait a month for you to get the title and they aren't going to pay it off for you if you don't have the title. Dave also needs to check his info, lol. There is no dealer shortage or used shortage, if anything they have too much because people aren't spending money right now. Every dealership around here is desperate for customers and the trade in value on most cars is down because there's no demand for them.

[@rocadezona85]

Most people out there have a trade and not enough cash...and those with credit simply go to the dealership unless you have a very rare and sought after vehicle like the Delsol or the Acura TL with manual transmission

[@MrJeffinLodi]

I'm amazed you didn't ask what he is planning on buying and how he was planning on paying for it.

[@seanb2995]

Wouldn't it be easier to sell it to the dealer when the bank still has the title?

[@JpOcDenver]

Yup

[@michellewright99]

I don't understand how it works to sell a car that has a loan on it. Wouldn't that deter the potential buyer? How do you handle the time between the buyer paying you and paying the loan off? Agree to a certain time when buyer can take possession? I think this aspect could be why the caller is hesitant. It's an added layer of complexity, especially if you are a personality type like me who likes clear guidelines and certainty.

[@josephwheeler1]

We bought our car from someone who had a loan. We went into the bank with them and paid cash for it and then had the title immediately switched to our name. It was easy because we all went to the same bank. We were kind of in a rush but if I did it again I would want the bank to first send the title to our local ranch so that we could pick it up as soon as we paid it off. As it was we had to wait for a few days for it to be sent to the bank and I went and picked it up but there was still some confusion because not everyone knew that the title was supposed to go to me. We did not know that the seller still owed on the vehicle when we made an offer though.

[@kenhawthorne23]

You know you got money, money when you have a “boat guy” 🤷🏾‍♂️ 😂

[@umairahmad4711]

Car dealerships will always rip you off 🤣🤣🤣🤣🤣🤣🤣🤣🤣

[@ram_trx4226]

Rip you off meaning they need to make money? If the car market value is $10k and the dealer gives you $10k, how are they going to make money when they resale the vehicle? If you don't like the number they give you, simply walk away. You say "rip off" but I say they're a business and need to make money just like any other business. Car dealership provide hundreds of jobs whether it be parts, service, sales, delivery drivers, front desk workers, title clerks and janitors so yes they need to be making money for payroll.

[@bush4721]

Shaydon Car dealerships will always offer the lowest price compared to competitors like Carvana and Carmax.

[@StevenTristanTristansti]

@@ram_trx4226 I understand the "they have to make their money" argument but yes they do rip people off almost all the time. They will lie about what your trade in is worth and try to convince you that your research is incorrect. They will push you and wear you out until you agree to their terms. Then they will go right back around and tell the person who is considering buying that used car that they are making very little profit off it and that they can't budge because they already discounted the vehicle so much already. It wouldn't be so bad if dealerships didn't lie so much or beat you down emotionally to get you to accept their low ball offers.

[@Shane-fh4uu]

@@StevenTristanTristansti I think the problem is most people don't do research, get convinced like you are saying and then complain. Was buying a car from a dealer, got offered 8.8k for trade in value with no negotiating room. Knew my car goes for at least 11-12k so just said let me check around. Contacted a bunch of other dealers got a high offer of 11.5k took that right away. If you've actually done due diligence, no amount of convincing should result you in losing thousands

[@LG123ABC]

You'll almost always get more for your car if you sell it privately because you're cutting out the middleman. The dealership has to make a profit or it won't be in business very long. You just have to ask yourself if it's worth the hassle and expense of selling it yourself. How much is your time worth?

[@leadnsteel1428]

I wonder how anyone can afford to buy a car, a boat and a home when 40% of America are unemployed

[@blackworldtraveler3711]

Debt free. With cash,savings,investments,and/or income from part of the 60% group. I was getting my home fully remodel this year with cash but on waiting list until next year.

[@JB-no2fx]

That means 60% of America is still employed to make purchases.

[@blackworldtraveler3711]

JB 1234 Indeed. Probably a third of that is familiar with cash being king and opportunity ready for situations like this.

[@mph5896]

Government money flooded the market. The used car market has not been this hot in a long time.

[@denisemckenzie8286]

Americans don’t really buy anything. Everything they have is because of a loan. Car loans, mortgage loans, etc.

[@TheRubb3rbandmanx]

If you owe money on the car it’s really hard to sell

[@sunnydays4966]

A month I have had one for sale for 2k no bites dealers are offering me $125. Percentage wise the 21k deal is good. The car seem hard to find a buyer for I would just let dealer have it for 21k. Dealers have so many more ways to sell car example financing,

[@theAppleWizz]

how bad is that car they are only giving you $125

[@reneel2441]

Sell it to that dealer today. Private buyers wont buy it

[@nickl2217]

@John Lester because alot of people dont have that much cash on hand

[@John3.36]

Go to dealer = paying them $3000 to work one hour. lol

[@masonbrown1024]

As soon as the whopping $1,200 stimulus checks hit people’s bank accounts Boat, and ATV sales skyrocketed... goes to show you how good people are with their finances. Since when did $1,200 buy you a $23,000 side by side...?

[@bobsworldpodcaststories3895]

Depends on the age to me

[@JB-kx9bx]

Private cash buyers give you the convenience of the transaction with better price.

[@dzonetwentyeight]

This is so timely. I’m getting ready to sell my new car and I’m worried about potential scams on the private seller market. Any tips?

[@BusArch42]

dzonetwentyeight meet the buyer at a bank with a security guard. Have an account set up ahead of time. Have the teller deposit funds or count cash on the spot and deposit it immediately. A man tried to rip off a relative selling a car. She did the above as I suggested. He was very upset that she deposited the cash immediately as he was planning to rob her afterwards and have the car and the money. The teller can check for counterfeit or verify funds for a bank transfer. Tell the buyer that they have a notary and can sign off the sales paperwork etc for you both. Honest folks will be happy and dishonest won’t show

[@javonjones9953]

@@BusArch42 How you all find out that he was planning on robbing her?

[@BusArch42]

We didn’t know he was planning on robbing her. The red flags were there. He wanted to meet at the storage site for the trailer and he wanted to do a cash transaction. He also offered the full asking amount without trying to negotiate the price down. Then when he initially handed her the cash it had Monopoly money in the middle. He was in the bank at that point so she caught him. He said it was a joke and pulled out the real money. He tried everything to keep her from doing the transaction inside the bank.

[@jamescadzow9545]

If your not a phenomenal negotiator and your not willing to do the do-diligence research prior to the purchase then I would sell it on your own. You will end up being your own worst enemy vs your best friend.

[@hihaters2004]

No now close the video

[@ThePatriots010304]

Why sell it for 21 when you can get 24-25 for it? Sure it’s a little more work selling it privately but it’s worth it.

[@Originalman144]

That is assuming you can even find a private buyer in this market to pay $24-25k for it. The private buyer would be better off going to a dealer and offering $21k and get warranty and other perks.

[@janicenunn3339]

To sell car you find yourself dealing with the public. I know someone who got attacked and they tried to steal her car....

[@Raegoul]

I'm starting to understand why Dave Ramsey says no credit cards with no exceptions when I hear callers like this.

[@Stan_sprinkle]

I think that makes sense for people who barely have disposable income. For people who can just pay off their cards every month (or every two weeks in my case), the points are worth it. I get a free trip to see my in-laws in Korea every year with my Chase points.

[@Raegoul]

@@Stan_sprinkle I meant that some people are too dumb financially to use a credit card.

[@boomsuga]

Why do I have this feeling that somewhere sometime in the near future someone will discover something about Dave Ramsey that will rock his business and the world. Something may come to light

[@yamamancha]

Like what? He's the Heisenberg of talk radio?

[@jeffjoiner8811]

Why do I have this feeling that you are a whole life sales person?

[@---skynet---]

That large amount, good luck selling it privately without being scammed 🤣 yea dave, clean dealer cash isnt good enough 👏👏👏🤣🤣🤣tool

[@YanilMiami305]

How are you getting scammed by selling it privately?

[@user-tb7rn1il3q]

CAMARO SS305 Get cash at the buyers bank straight from the teller. The problem is most people don’t have the cash and this car is financed so there is no title. He really has no choice but to sell it to a dealer.

[@CrimeDoesNotPay]

@SKYNET is probably also the proud owner of several timeshares.

[@genwunner6783]

The dealer will offer a little lower a month later

[@fhuber7507]

In general you can get 50% to 100% more than the dealer is offering by selling it to a private party.

[@xXkiddeditzXx]

So maybe after this pandemic is over will dealerships go back to normal prices ?

[@Primitive_Code]

simple answer; NO.

[@Paintotheworld11]

I bought a 2018 raptor for 51k and a dealer offered me 55k . Should I sell it. I'll be getting 9300 cash after they pay off the loan

[@Incrediblewash]

Depends you got another car?

[@flisfinance5680]

Good idea to call!!! He could definitely make more on a private sale and he needs money!!!

[@LorryMLewis]

Geez guys- instead of hanging up on this man BEFORE you insulted him on potentially taking his car to a dealer to sell, he was calling you both for advice. It would have shown more class on both your parts to explain in detail HOW to sell his car privately ( the same reason I was viewing this video). Instead, you made him feel bad, quickly hung up and THEN instructed your audience on websites to list your car, putting a sign on the car etc. Instead of being helpful, you sat there with your arms folded with the same attitude. Not cool :(

[@UKnowBo]

Agree- I am looking to sell my car in which I owe money and there is so much paperwork involved including odometer statement, AS-IS disclosure, among other things. I would be asking the private buyer to wait for the title. If this guy had the title outright it would be easy to sell but he would still need to get all the paperwork from the DMV, etc. Selling to a dealer would be MUCH easier b/c they understand the process. If I could get payoff I would. Time is $$ and it’s just not worth it. Dave did not give this caller due diligence.

[@mcleanirish]

The idea really is to educate everyone on the idea the caller's question is based on - should I sell to dealer or privately? The answer I think the caller was looking for was the advantages and disadvantages of each instead of merely the "why wouldn't you want to make x amount of money in a month?" thing. I'm sure the caller was smart enough not to need a lesson in money versus time. To sell privately wouldn't the caller have to spend more money in getting the car in presentable fashion? I don't think the guys insulted the caller per se but as a viewer I was curious to know some of the pros vs cons besides just the $ amount.

[@nygreek743]

If you have a 10-year-old car, would you do minor body work (dent on the lip of the front driver wheel well) and replace the trunk lid? (2013 Ford Taurus trunk lid inside got rusty along the welds inside the lip below the logo)

[@clintongwanyama7188]

Does anyone have $24000 sitting around just to buy a used car?

[@blackworldtraveler3711]

I have about $30k cash still growing set aside for my next used $20k 2020-21 car in 2023-24.

[@15remy]

Can i find a car for 500$- 1000 $ in Us

[@ryanweston9677]

Lots of people do.

[@user-tb7rn1il3q]

Very few. They will wait two months and buy brand new for 26k if they do. Crosstreks aren’t that expensive.

[@denisemckenzie8286]

@@ryanweston9677 Yeah but people with that kind of cash usually buy from the dealership. Not a private owner.

[@javiandanjelica5274]

Most dealers aren’t doing any trade in and buying cars

[@WearetheSwirl]

I like how Dave sidelined the rightist comment about “people buy boats on unemployment”. He is the type of conservative that I enjoy watching.

[@BusinessBuzz]

Quick answer: NO

[@southbayla3137]

The car will most likely sit for a year at least or longer

[@user-tb7rn1il3q]

Southbay LA He should sell it to the dealer for 21k. The most a private party will offer is 22k. They will have to arrange their own financing, pay off the car, and then give the title to their bank. Most of the private party buyers are actually dealers and curbstoners. The average retail buyer is either going to buy new for 26k or certified preowned for 24k. 21k is a very solid offer.

[@Alfactors]

Sale for 24000 to the dealer

[@bushidonation7835]

Sometime Dave doesn’t know what the fuck he’s talking about. Great leadership coach

[@LetsTalkPersonalFinance]

He should try and get that extra 3 grand

[@user-gj4ee9xz2u]

Right, clean up the car and use the 3k to pay near half of the other car.

[@Originalman144]

Or he could dump it out of his life and go make 3 grand doing something else.

[@codys5727]

When you can, buy and sell privately. I'd rather make more money or my money go to akmeone who needs it than pay a middle man to take from both sides

[@bettysmith7045]

Just keep the car, instead of buying a hunk of junk that will cost the same amount in repairs!

[@cammims7645]

Dave cussing lol

[@realityexpert1773]

I know. Why is he now doing it?

[@cammims7645]

@@realityexpert1773 im sure he been doing it

[@drchristineobrien9704]

@@realityexpert1773No more Church/Mass.

[@tharris2853]

Sounds like in a 1 or 2 I’m going to get a great deal on some repossession stuff😀

[@frapeyou]

I really hope the guy calls b ack in a month

[@markyouneva7840]

NO, not to a card dealer, antique dealer, a drug dealer, and certaintly NOT to a car dealer.

[@kevinkidneyy]

Man i love my paid for Camry .

[@omar10213245]

@mr anderson gettin' sleepy, @mr anderson?

[@danieldahlinger177]

Crosstrek would go quick

[@chevy6299]

Subaru wanted my 2019 Forester but said the offer was only good till Aug. 31.

[@achesontrading427]

we've run a dozen quotes ranging from $30 to $40K so Dave is WRONG AGAIN ALL the dealers will NOT offer the same price!!!

[@MrJzlavallee]

Currently sitting in a 2020 vehicle w just under 10k miles. MSRP when I bought it was $57k, I got it for $49k, I owe $51k on it. Wonder if I could ask payoff price on private market?

[@katspov9945]

I'd ask for $52k and say the price is negotiable. They'll offer you $50k maybe.

[@omar10213245]

lol good luck. ain't nobody looking to buy a used vehicle from a private seller for $50k. when people want a vehicle in that price range, they're going to a dealer.

[@sandyseibelhager7131]

RVs too

[@APennyPinchersGuide]

Dave Ramsey - No

[@untouchable360x]

"Stealership" Not dealership.

[@alphagrandmaster4791]

How do I call in?

[@barbarasmith6414]

This is not about a car. I have finally save up 1,000. cash money.. What should I do with it?

[@tandyrichae6194]

Save it for emergencies and start paying off all of your debt

[@barbarasmith6414]

@@tandyrichae6194, Thank you the only thing I have is my car payments. 4 credit cards are paid off. Zero balance

[@tandyrichae6194]

@@barbarasmith6414 pay off your car ASAP. Then start saving up 3-6 months of expenses

[@barbarasmith6414]

@@tandyrichae6194, I have a 4 year car loan that I will be making double payments on starting in October of this year. Thank you, for the suggestion

[@tandyrichae6194]

@@barbarasmith6414 good job

[@Intellistan]

Chris is all the time saying, "No", then continuing to agree or support the comment or idea. -Why do people say no when they mean yes or agree? It's unprofessional as can be.

[@darod850]

Carvana

[@chitownrider9247]

First time I heard Dave swear lol

[@dontworry1568]

my neighbor just bought two boats. i have no idea why. i bet this guy doesnt have two pennies to rub together.

[@allisonwaters716]

He sounds really nervous

[@RickyKearnsJr]

Dave's co-host needs to be hired to James Earl Jones' aire to the voice of Darth Vader

[@DaddyDebt]

Caridus. lol, glad I don't have it.

[@AH-up8zh]

Dave are you ok?

[@justwondering1967]

He doesn’t buy the plandemic.

[@henkdeswardt8636]

Uncle Dave, I missed you! All this crazy politics is consuming all my screen time.

[@nicholasseasholtz7313]

Remember AIG?

[@jvolstad]

I think that I would find a temporary side hustle and keep both. I am assuming his wife needs wheels. If he is single, sure, sell one.

[@Matthew-et6lc]

Dave said “bitching”

[@ryanweston9677]

Jesus approved