What do you think of this idea?

[MacAttack7]

I saw a new 2012 Mazda2 advertised for $12,000, but for now the sale is over.
If I see it at $12,000 again I was thinking of buying it.

Then I was going to sell my current 2011 Mazda2 on Craig's List or something like that & try to get $12,400 for it.
(KBB says $12,422 for Good, $12,822 for Very Good, $13,272 for Excellent).

So when it's all done I'd be out no money & have a brand new car again with new everything & a fresh warranty vs my 2011 car which has been driven for a year & has 18,000 miles on it.

Good idea or bad idea? I've never sold a car before, so I'm not sure how tough it is to sell one.
I'd be fine with $12,000 or above.

 

[arcxer]

It could be, or it could be not. Depends how it turns out.

Not sure about the sale (never sold a new car myself), but I'd say it's not easy to sell an "almost new" car for the almost price of a new car. It's easy to sell an enthusiast car, but a regular daily driver -- you'll get asked: "Why do you sell it if it's almost new?" and stuff like that. A lot of strange people answer those sale ads too (in my experience) -- not weird, just not serious buyers (wasting your time, basically).

I, personally, would be too lazy to run through all that hassle. And you still going to pay taxes (likely).

 

[kcdirtbro54]

Right now with the economy the way it is, KBB and NADA values are worthless. Dealers aren't giving anywhere near book value for trades and a lot of them, not all, are selling their used below those kbb and nada values as well. You'd be better off keeping it or talking to your Mazda dealer about a trade even though you won't come out even on that deal, that's for sure.
My 2 is my 19th car and I've sold them private party and traded at dealers. It's tough right now. You could end up buying the new 2 and be stuck with your 2011 for quite awhile.

 

[shortfuse12]

is ur car fully paid? or u still owe money on it? if the car is still under finance ask the lender how much would it be for an early loan payout theres sum company that takes a huge discount if u pay the car early. but there are some that charges u since ur paying off the car before the loan maturity. selling a car is not that easy. kbb is just a guide line on how much the car is worth but in reality u wont sell the car for that amount cuz just like u and me we like to haggle. honestly i dont think its worth it, cause u have to pay for taxes again and u have to restart the loan again.

 

[MacAttack7]

is ur car fully paid? or u still owe money on it? if the car is still under finance ask the lender how much would it be for an early loan payout theres sum company that takes a huge discount if u pay the car early. but there are some that charges u since ur paying off the car before the loan maturity. selling a car is not that easy. kbb is just a guide line on how much the car is worth but in reality u wont sell the car for that amount cuz just like u and me we like to haggle. honestly i dont think its worth it, cause u have to pay for taxes again and u have to restart the loan again.

Thanks for the thoughts.........maybe it's a little too risky; it's still in the back of my mind though.
My 2011 is fully paid for.
Taxes are not an issue; don't have to pay them here.
A loan isn't really a requirement. I could pay cash.

Even if I came out $500 negative I'd still be happy.
$500 to trade a 1-year old car for a brand new car would be a good deal I think.
That would be an extra year of warranty, new brakes, new tires, new clutch, etc.
So I don't know.........your posts make me think twice about doing it.

I think I have a gambling nature that doesn't always point me in the right direction.

 

[shortfuse12]

i say save ur money and wait for the sky active instead.