I own a luxury SUV and stopped by a dealership and asked if they were interested in my car for them to purchase out-right. They came out and visually inspected the car, started it up without road-test-driving it or taking it back for a thorough inspection and then offered me on the spot the same price that I bought the used car 16 months ago (from another dealership out of town). They said they presently needed a CPO (Certified Pre Owned) car for their dealership and would be glad to purchase the car for that price.
Has anyone done this before (selling your car to a dealership) with no trade-in? Are there any red flags or concerns in doing this. Is there something I'm missing here because this sounds too good to be true with the price they're offering.
Added to original post...
I have the Title (the first thing they asked me) because I paid cash for the car. Therefore, I assume I will be cut a check at the time of the sale. I don't need the money urgently. I am simply downsizing to a smaller, less expensive and practical car that makes more sense for our needs while putting in my pocket - cash that's left over. The profit I make will go where it originally came from - my bank account.
Has anyone done this before (selling your car to a dealership) with no trade-in? Are there any red flags or concerns in doing this. Is there something I'm missing here because this sounds too good to be true with the price they're offering.
Added to original post...
I have the Title (the first thing they asked me) because I paid cash for the car. Therefore, I assume I will be cut a check at the time of the sale. I don't need the money urgently. I am simply downsizing to a smaller, less expensive and practical car that makes more sense for our needs while putting in my pocket - cash that's left over. The profit I make will go where it originally came from - my bank account.
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