Monday, March 9, 2015
Your first step should be to evaluate your current car situation. Ask yourself these questions.
- Do you owe money on your car?
- Is it a "desirable" model?
- What the condition of your car?
The term "desirable" varies depending on the current market. For instance, when gas is expensive and the economic market is in a downturn, hybrid or economical cars are desirable and gas guzzlers such as a Hummer are not. However, a few years ago, large cars were moving off dealership lots steadily and buyers were willing to spend more for a larger car.
Next, look at your car with objective eyes. Take note of dents, scrapes, windshield dings, paint, and cleanliness. But also take a deeper look. When did you last service it? Are the tires in need of replacement? Does it make funny noises? How about the condition of the brakes? How many miles are on the car in relation to years? Do you have documentation for services and repairs you have done? Has it ever been in an accident? Be prepared to answer all these questions and more regardless of which way you decide to sell it.
Depending on the part of the country you live in, there are different value guides used by the automotive professionals. The most common are Kelly Blue Book, NADA and Black Book. The values you’ll find are not written in stone and certainly you know that the only way the car is worth what’s listed is if someone is willing to pay it.
If you owe money on your car and the amount you owe is more than the value you determined, that is most commonly called being "up side down". If you have the cash to make up the difference, then you are in the driver’s seat. If not, your decision whether to trade or sell privately really has just been made for you. The only way to make up the difference if you don’t have the cash is to trade the car and let the dealer add the negative equity to your next purchase. This isn’t the best scenario, but unfortunately very common.
On the other hand, if you have the cash or you have equity in your car, you may consider selling privately. It is possible to get more money for your car in a private party sale since you are taking the middle man (dealer) out of the equation. You do need to realize, however, that if faced with the exact same car, with the same price, a buyer is more likely to go to a dealer to purchase than to you.
Therefore, it needs to be beneficial to the buyer to buy from you. You could offer an extended warranty (you can buy it from a dealer or transfer your existing one), offer a great price, or even an incentive like a free gas card. You want to be priced at the lower end of your competition to get buyers interested in your car.
In addition, selling to a private party can be a hassle and downright dangerous. Be sure you are aware that strangers will be calling you at all times and coming to see your car. Have plenty of pictures and a great description of the car. It’s always an option to try to privately sell and if it’s not working out then you could decide to trade.
When trading your car in, you will probably get less for your car. The up side is that you won’t have to hassle with the selling process, go to DMV, get your car smog tested (if necessary), answer the phone and meet to negotiate with strangers.
Still undecided? Take your car to a couple of dealers and ask them what they would pay you for it. Go to dealerships that carry the brand you are selling. Also try the dealership where you want to purchase your new car. You will know after going to at least three what the average value to a dealer will be.
The bottom line is this: there is no right or wrong answer to the question of whether to sell privately or trade your car to a dealership. Making an informed decision is the key to making the right one.
Tuesday, February 24, 2015
Thursday, September 20, 2012
Walt Massey Automotive sponsors George County Pee Wee Football League and helps raise thousands of dollars with a vehicle giveaway.
In support of Lucedale’s youth, Walt Massey Automotive will provide George County Pee Wee Football League with football kits which include equipment bags, footballs, water bottle carriers, yard marker set, helmet-sticker decals, and t-shirts.
Offering additional support to the community, George County Pee Wee Football League will have the opportunity to raise as much as $10,000 through fundraising efforts where one lucky patron in the Nation will win a new 2013 Buick or GMC vehicle (MSRP not to exceed $30,000). Walt Massey Automotive and other GMC dealerships across the Nation are donating the vehicle to the participating leagues. One second prize winner will be selected from the LMA-area to win a Gas Grill. One-hundred percent of the proceeds will go directly to the participating leagues, and they can use the funds in any way they choose. Some of the leagues have reported they plan to grant scholarships to families who cannot afford to enroll their children in the league, while others have said they will use the funds to improve fields and equipment.
“GMC and youth football, It’s a great combination,” says Tom Wilder of Walt Massey Automotive. “We are proud to be able to help the kids in our community by donating equipment and giving them the opportunity to raise much needed funds for their league. We are excited to be part of the effort this year, and anticipate a fun-filled season of George County Pee Wee Football League football.”
Thursday, March 15, 2012
Walt Massey Automotive Is Ready to Play Ball with George County Eastern Youth Baseball as Part of National Chevrolet Youth Baseball Program
Walt Massey Automotive to provide George County Eastern Youth Baseball with new equipment, monetary donation and instructional clinics
Lucedale, March 2, 2012- Walt Massey Automotive is partnering with the George County Eastern Youth Baseball in Lucedale. Walt Massey Automotive has joined forces with the national Chevrolet Youth Baseball program to provide new equipment, instructional clinics, a monetary donation and an opportunity to raise an additional $10,000 through a Chevrolet vehicle sweepstakes. The program kicks off March 1 and runs through July 15, 2012.
"Youth baseball provides positive and productive life lessons for young people across America, and the Chevrolet Youth Baseball program is an extension of Chevrolet's commitment to baseball, community and families. Walt Massey Automotive is bringing that same dedication to youth baseball,"said Tom Wilder, BDC Manager for Walt Massey Automotive.
"There is nothing more American than Chevrolet and baseball and Walt Massey Automotive wants to combine America's favorite brand and favorite pastime together for our families in Lucedale to enjoy," added Wilder.
The Chevrolet Youth Baseball program is beginning its seventh year, and has helped raise more than $13 million to aid local teams, affecting more than 2.7 million young people in communities where Chevrolet's customers live, work and play. This year, about 1,600 Chevrolet dealers are participating.
Walt Massey Automotive will present the George County Eastern Youth Baseball with 10 new equipment kits complete with equipment bags, baseball buckets, whiffle balls, hitting net, batting tees and Chevrolet Youth Baseball T-shirts. The sponsorship also includes youth clinics featuring former MLB/MiLB players and coaches and instructors from Ripken Baseball.
In addition, Walt Massey Automotive will present a check representing a one-time monetary donation to George County Eastern Youth Baseball. The team also will have an opportunity to raise additional funds through a Chevrolet Youth Baseball Fund-raiser. Sponsored leagues across the country will each receive 2,000 fund-raiser entry tickets to distribute for a suggested donation, and each league will keep 100 percent of the proceeds it raises. At the end of the fund-raiser, five winners - one from each region - will win the Chevrolet Equinox or Chevrolet Cruze vehicle of their choice. Each participating market will award a secondary prize of a television and Blu-Ray player.
In addition to its commitment to youth baseball, Chevrolet also is the Official Vehicle of Major League Baseball™.
"Chevrolet vehicles are designed and built for families, so we hope young people and their parents will consider a Chevrolet as an official vehicle of their household," said Wilder.
As part of Chevrolet's continued support of communities and youth baseball, Chevrolet is also bringing back Diamonds & Dreams for its third year.
Participants can enter to win a baseball field makeover for their community. Chevrolet will award 12 weekly field makeover prizes and the opportunity to win the Grand Prize of an all-new 2013 Chevrolet Malibu. The sweepstakes will begin in mid-April; visit chevybaseball.com for more information.
About Walt Massey Automotive
Monday, September 26, 2011
Chevy wins two Edmunds.com True Cost To Own Awards®
To choose the winners of its 2011 True Cost to Own® Awards2, the team at Edmunds.com gathered data on every 2011 vehicle on the market and estimated the five-year cost of owning each. After comparing every vehicle, Chevrolet came out on top twice: The 2011 Equinox and the 2011 Silverado 2500HD Regular Cab pickup.
“The 2011 Chevy Equinox is a stylish and comfortable entry in the highly competitive small-crossover segment,” Edmunds.com says. “RAV4 and CR-V shoppers should take notice.” They also note Equinox’s “premium look inside and out,” quiet cabin with tons of storage, and highly fuel-efficient four-cylinder engine.
For the Silverado, Edmunds.com says: “Notably improved with added capability, the 2011 Chevrolet Silverado 2500HD is an excellent choice for a heavy-duty truck.” Some of the highlighted features are “impressive hauling and towing capabilities; refined and quiet ride; solid build quality; responsive steering; comfortable seats.”
The True Cost to Own® takes multiple factors into account. The Total Cash Price includes MSRP, typically equipped options, and other standard charges, taxes and fees. Depreciation is the amount by which the value of a vehicle declines from its purchase price to the estimated resale value. Insurance and financing are based on a well-qualified purchaser.
Importantly, the calculation also includes fuel, based on revised EPA ratings, assuming 45% highway and 55% city driving, and maintenance and repairs. Maintenance is the estimated expense of both scheduled and unscheduled maintenance, including replacing tires and other parts.
Tuesday, September 20, 2011
National survey finds majority of fathers active in driving kids to and fro
DETROIT – As children across America head back to school, a new survey commissioned by Chevrolet finds that many fathers in America are taking more of an active role in before-and after-school carpooling duties, with utility vehicles the preferred choice of dads over minivans.
An online survey conducted by Harris Interactive® showed that 80 percent of fathers in the United States with children age 17 or younger take an active role in daily family life, with more than 70 percent driving their kids to school, daycare or extracurricular activities.
But in the evolution of carpooling, the study also showed that both drivers and their vehicles have changed. While moms may prefer minivans for their sliding doors, more than half (58 percent) of the dads surveyed prefer to do their business, personal and leisure shuttling in a family hauler that doesn’t question their masculinity. In fact, survey results demonstrated that fathers gave their current family vehicle a 6.4 “cool” rating on a 10-point scale.
Utility vehicles – such as SUVs and crossovers – were the most-preferred vehicles among fathers for accomplishing all their work week, weekend and family activities. Less than one quarter surveyed indicated that they prefer a minivan for these tasks.
“According to recent Census data, there are 154,000 stay-at-home dads and more than 25 million dads who have kids under 17. The trend is shifting and men are becoming more involved with family-driving duties. We’re seeing the rise of the ‘Dadmobile,’” said James Bell, head of General Motors Consumer Affairs.
“The minivan has long been seen as the quintessential family car, but its heyday might be over with crossovers and SUVs like the Chevrolet Traverse, Tahoe or Equinox combining equal or better fuel economy, safety and convenience with a more rugged edge,” Bell said.
The study showed that fathers first and foremost want a safe, fuel-efficient vehicle. More than half of all dads chose safety as top vehicle feature, followed by fuel economy. Interesting to note that dads cited high fuel prices and traffic jams as the top two most stressful things about travel.
Vehicle versatility is also key as dads surveyed use their current vehicles for everything from holiday travel (94 percent) to work commutes (63 percent) to household do-it-yourself projects (54 percent). Accordingly, passenger capacity was important to nearly 40 percent of fathers, along with functionality, ample cargo space and comfort.
“The survey illustrates a growing trend that crossovers – like the Chevrolet Traverse – are more popular than minivans among dads in America,” said Mark Clawson, Traverse marketing manager. “The Traverse has gone a long way in redefining vehicular versatility and efficiency for the modern driver – even farther than the minivan did 30 years ago. The Traverse borrows the best across all segments, uniting the features the study showed as most important to fathers like me.”
The Traverse continues to be one of the more popular large crossovers thanks to its balance of efficiency, spaciousness and safety. It has the best fuel economy of any eight-passenger utility vehicle, due to its 3.6L V-6 engine with direct-injection technology and variable valve timing that delivers an EPA-estimated 24 mpg on the highway (FWD models).
The Traverse also offers the most storage capacity of any vehicle in its segment. Spaciousness comes from seating for up to eight with up to 116.4 cubic feet of maximum cargo space. It is also recognized as a safe vehicle, earning a 5-Star Overall Safety rating in the New Car Assessment Program run by the National Highway Traffic Safety Administration. Traverse is also an Insurance Institute for Highway Safety Top Safety Pick.
For 2012, Traverse is offered in LS, LT and LTZ models (with two LT trim levels: 1LT and 2LT), in both front-wheel-drive and all-wheel-drive configurations. The starting price is $30,240 including $810 destination but not including taxes and title.