Shall I sell it now or drive for another year?
15

Asked by Jashou Feb 15, 2016 at 01:14 AM about the 2013 Mercedes-Benz C-Class C 300 Sedan 4MATIC

Question type: Shopping & Pricing

Hi,
Let me tell you my current situation first.
Last year I bought a 2013 Mercedes Benz C300 Sports 4Matic CPO 22K
miles from MB dealer for 28K+Tax (roughly 30K) and put down 5K so
financed for around 25K.

After a year,
I paid 386/month and now currently have about 22K remaining in payment.
My mileage is around 28K (I barely drive..)
I am trying to get rid of the car since I'm regretting and trying to get a
bigger midsize reliable car which lasts for 10+ years (considering Accord,
Camry, etc) It was a stupid impulsive purchase...which was actually caused
by my frd..

SO,
I went to carmax and they offered me 21K,
Most dealers (I went about 5) offered me between 18K ~ 20K,
I'm looking for cars around 15~17K used (2013 Accord, 2014~15 Camry
comes into this range)

BUT,
since its upside down (which I panicked,, i mean it dropped 7K in a year)
do you guys think i should just get out now?
meaning pay 1K to carmax and get 15K ~ 17K a car NOW
OR
if i do the math my remaining payment will be roughly 17.5K by next year,
so will my car value drop to maybe 19K (in  carmax)
and change the car next year with a bit of positive equity

I just cant make up my mind right now.

in short,
either pay 1K and get out now and buy a car or wait 1 year and HOPE the
value wont go down that much or at least equal to the remaining loan at
that time and then buy a car (that's of course assuming I have no accident
or any issue)

Please someone give me an advise :(

4 Answers
11,695

Mark answered 8 years ago

Its all about the money here - you need to make the decision - one option you could look at that you didn't mention is selling the vehicle yourself - if you did, you would be able to sell it for a profit and apply that to the new purchase

5 people found this helpful.
Mark helpful
15

Jashou answered 8 years ago

Thanks all, I decided to keep it for 1 more year and see how it goes..

1 people found this helpful.
Mark helpful

F_O_R answered 8 years ago

Dealers give you bottom dollar for trade-ins. You might break even if you sell it private party.

1 people found this helpful.
Mark helpful
845

garenad answered 7 years ago

If u keep it 4 another year make sure that u have a good technician to maintain assuming that u have no obligation to go to the dealer 4 maintenance.

Mark helpful

Your Answer:

Related Questions

  • Shall I sell it now or drive for another year? 4 Answers

    Hi, Let me tell you my current situation first. Last year I bought a 2013 Mercedes Benz C300 Sports 4Matic CPO 22K miles from MB dealer for 28K+Tax (roughly 30K) and put down 5K so financed for arou...

    2013 Mercedes-Benz C-Class C 300 Sedan 4MATIC

    -

    Shopping & Pricing

  • I have a car to trade in for another car 1 Answer

    Hi, I have a 2011 Mercedes C300 4MATIC with approx 100,000 km. excellent condition. I’m looking for an even trade of the newest, lowest kilometre, 4 cylinder. Do you have any interest and what opti...

    2011 Mercedes-Benz C-Class C 300 Sport 4MATIC

    -

    Shopping & Pricing

  • 2004 Mercedes c320 class with over 100,000.00 miles on it how much should I pay 3 Answers

    4 door c320 Mercedes with over 100,000.00 miles what is the most I should pay when in fair condition

    2004 Mercedes-Benz C-Class C 320 Sedan

    -

    Shopping & Pricing

  • Would it be wise to purchase a 1997 C230 with 135 K miles $5,000 2 Answers

    The car seems in good condition, but I am concerned about incurring high expenses soon due to the high mileage. I have just glanced at the vehicle. I will see it this week to ask questions. I have ...

    1997 Mercedes-Benz C-Class C 230 Sedan

    -

    Shopping & Pricing

  • Is a 2002 Mercedes Kompressor with 42K miles a good buy for $9,995? 4 Answers

    I was thinking of purchasing a 2002 Mercedes Kompressor with 42,500 miles for $9,995. Is this a good buy or should I be worried about the age of the car and why it has such low miles on it? What can...

    2002 Mercedes-Benz C-Class C 230 Supercharged Hatchback

    -

    Shopping & Pricing

C-Class

Looking for a Used C-Class in your area?

CarGurus has 1,429 nationwide C-Class listings starting at $3,499.

Postal Code:

Shortcuts

Search Mercedes-Benz C-Class Questions

CarGurus Experts

  • #1
    Lorne Grandison
    Reputation
    12,500
  • #2
    zabi
    Reputation
    5,610
  • #3
    PPC123
    Reputation
    5,150
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Mercedes-Benz E-Class
43 Great Deals out of 500 listings starting at $5,700
Used BMW 3 Series
69 Great Deals out of 1,205 listings starting at $1,995
Used Mercedes-Benz CLA
33 Great Deals out of 750 listings starting at $12,450
Used Mercedes-Benz S-Class
15 Great Deals out of 224 listings starting at $8,887
Used BMW M3
7 Great Deals out of 99 listings starting at $15,995
Used BMW 5 Series
27 Great Deals out of 332 listings starting at $4,800
Used Mercedes-Benz CLS
9 Great Deals out of 78 listings starting at $10,999
Used Dodge Charger
36 Great Deals out of 614 listings starting at $4,888
Used BMW 4 Series
30 Great Deals out of 492 listings starting at $11,950
Used Lexus IS
20 Great Deals out of 342 listings starting at $5,800

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.