Should I sell my car back to the dealer or sell it privately if I have buyer's remorse?

Is it better to sell a car back to the dealer or sell it privately? I bought a car about a month ago from a dealer, but I'm having significant buyer's remorse.

Answer provided by
avatar
Eric Schad
Answered on Jul 01, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“If you sell the car back to the dealer, you’ll get a lower value for your car. This means you could still owe on the loan and not have anything to show for it.
If you sell to a private individual, you’ll get more money, but you’ll have to do all the legwork to find a buyer. So both have benefits and drawbacks.”
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies