If you sell your Acura privately, you’ll make more money, right? Well, maybe. See, private sales aren’t as simple as they seem.
First, you have to set the right price. It’s not as simple as listing the MSRP, though. Too high, and you won’t get any buyers. Too low, and you’re shorting yourself. So, if you don’t have experience pricing your car, it might be a good idea to schedule a valuation for your Acura.
Okay, so you have the right price. Now, you have to find a willing buyer. But Acuras aren’t cheap. And not everyone has money just laying around to buy your Acura NSX. Also, banks aren’t usually keen on facilitating sales between private parties. You want the cash before you hand over the title. They need the title before they can receive a loan.
Selling your Acura privately will be tedious. This is why private party sales can drag on for two or three months. And, the whole time you’re trying to facilitate a sale, your car is depreciating and you’re still making car payments. Inexperienced car sellers can often lose money on private party sales—often thousands.