Any tips on selling a car?
So after putting in a bunch of money for maintenance and engine repairs, I have been considering selling the car now before it becomes more of a potential money pit to me.
I am wondering what the best way to tackle this would be. Should I try to improve the condition before selling it, or just sell it as is? There are a few cosmetic issues - paint chips, fender scuffs, missing hubcaps, cracked windshield, worn floor mats, squashed block heater plug. Is it worth it to get those corrected first?
This year alone, I just put in about $4500 for major maintenance and engine work on my '04 Impreza. Optimistically I could maybe get $6000 through a private sale. Alternatively, I could choose to not put another cent into it, except for oil changes, for one or more years which would be roughly equal to new car payments and in a way make it worth keeping it.
I don't really care so much about driving a new car per se, but if I will be putting nearly a years worth of car payments into an old car it doesn't make sense anymore from a financial and convenience aspect.
Thanks.
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