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

11,645

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.
15

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

1 people found this helpful.

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

1 people found this helpful.
845

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.

Your Answer:

C-Class

Looking for a Used C-Class in your area?

CarGurus has 17,799 nationwide C-Class listings starting at $1,500.

ZIP:

Own this car?

Share your experience with others.

2013 Mercedes-Benz C-Class

Review another car

CarGurus Experts

  • #1
    Lorne Grandison
    Reputation
    12,450
  • #2
    zabi
    Reputation
    5,600
  • #3
    PPC123
    Reputation
    5,150
View All

Know more, shop wisely

Search

Related Models For Sale

Used Mercedes-Benz E-Class
721 Great Deals out of 10,124 listings starting at $1,600
Used BMW 3 Series
1,120 Great Deals out of 12,865 listings starting at $1,100
Used Mercedes-Benz CLA
262 Great Deals out of 4,016 listings starting at $4,500
Used Mercedes-Benz S-Class
289 Great Deals out of 6,986 listings starting at $2,499
Used BMW M3
46 Great Deals out of 1,090 listings starting at $12,000
Used Mercedes-Benz CLS
93 Great Deals out of 1,179 listings starting at $3,498
Used Dodge Charger
780 Great Deals out of 28,687 listings starting at $2,500
Used BMW 5 Series
815 Great Deals out of 11,518 listings starting at $700
Used BMW 4 Series
397 Great Deals out of 5,173 listings starting at $5,000
Used Chevrolet Corvette
704 Great Deals out of 12,302 listings starting at $4,995
Used Ford Mustang
930 Great Deals out of 22,662 listings starting at $1,100

Used Cars for Sale

2024 Mercedes-Benz C-Class For Sale
94 Great Deals out of 7,972 listings starting at $42,888
2023 Mercedes-Benz C-Class For Sale
138 Great Deals out of 1,411 listings starting at $34,888
2022 Mercedes-Benz C-Class For Sale
38 Great Deals out of 304 listings starting at $28,998
2021 Mercedes-Benz C-Class For Sale
94 Great Deals out of 1,085 listings starting at $18,995
2020 Mercedes-Benz C-Class For Sale
74 Great Deals out of 1,056 listings starting at $16,526

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.