Even as the inventory shortage drives up the costs of buying a new vehicle, there’s one consolation for shoppers looking to sell or trade in their car: higher used-car values. The median price for all used vehicles among Cars.com dealers was $24,211 as of July; that’s 40% higher than July 2020. When you’re ready to offload your vehicle, you have a choice to make: Do you sell it privately, trade it in or sell to a dealer?
Related: Sell Your Car
Generally, selling privately carries a financial advantage, while trading in or selling to a dealer is a faster and simpler process. See which route is best for you and learn how to get the most money for your used car regardless of how you sell it.