Need to sell a vehicle? Thinking about trading one in? Lets look at your options. We want to help you get the most for your vehicle!
Option 1. Trade-In:
It’s fairly easy to determine whether any given trade-in deal is good or bad for the party doing the trade-in. While there are certainly tax benefits to trading in your vehicle, you must make sure that those benefits out way the profit you are losing by not selling the vehicle yourself. For example; if you purchase a $10,000.00 dollar vehicle and a dealership gives you $4000.00 credit for your trade-in, you will only have to pay sales tax on the remaining $6000.00. In this example you save $250.00 in tax ($4000.00 x 6.25%). To determine whether this is a good deal or not, you should ask yourself if you could have sold the vehicle to a private party for more than $4250.00. If the answer is yes…then you would have been better off selling it yourself. Obviously time is money…so you will need to put a cost on the time you would have spent selling the vehicle, but for the most part the value of a trade-in is pretty easy to assess.
Option 2. For Sale by Owner:
Most people want to sell their own vehicle because they believe they will be able to sell it for more on the private market than they would by trading it in. While this is almost always true, what most people fail to account for is the time required to list and post the vehicle, talk with/meet prospective buyers, and ultimately sell a vehicle. There are millions of listing sites, print ads, direct mail, and other avenues by which individuals and companies alike sell vehicles. There are also a lot of “dog” buyers that simply waste your time by offering ridiculously low prices. It is very easy to get lost in the shuffle if you are not diligent about marketing your vehicle. Our advise; if you have time, do it yourself. If you don’t have time, get help from the pros.
Option 3. Texas International Motors’s Consignment Program:
We know its important to you to get the most money you can for your vehcile…after all, every dollar counts. That’s why we have put together a simple consignment program that offers our customers maximum exposure and a money back guarantee. We take high resolution pictures and video of our consignment vehicles and list them on more than 20 sites every other day. We have a sales staff to weed through calls (the good, the bad, and the ugly) and in the event a buyer needs to finance your vehicle, we have financing options available. Worried about the safety of your vehicle? We have physical damage and liability insurance that extends to any consignment vehicle, but the vehicle can stay with you if you like…we just need it here for 20 minutes to take pictures.
How much does it cost? $500.00 flat fee per vehicle. This fee is only paid if and when the vehicle sells. If you sell the vehicle yourself or decide you want us to discontinue the consignment, you don’t owe us a dime.
Selling vehicles is our livelihood. We are willing to bet we can sell your’s for the price you want or more! Call us at (713) 781-7825 to discuss selling your vehicle.