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NoFilterNoLimits t1_j6i3roo wrote

Reply to comment by octotron3000 in I have a financed car and less than 30 days before navy basic training. by octotron3000

Have you even tried to sell it yet? Try. Based on the KBB values you posted, it’s entirely possible you break even. Don’t hold the car for 7 more months while it depreciates because you assume you’ll get under 18k now. You said KBB goes as high as 22k. It doesn’t cost you a dime to take it by Carmax or Carvana and at least find out.

Make your decisions with facts, not assumptions

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123456478965413846 t1_j6ippdc wrote

> You said KBB goes as high as 22k

Actually, OP said new it was 22k. They said they owe 18k and the KBB value is 15k.

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NoFilterNoLimits t1_j6kkex2 wrote

D’oh. It was too early for me to be reading correctly

I’d still get a quote before trusting KBB in this market

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123456478965413846 t1_j6lbrka wrote

Definitely, KBB is a good place to get a rough idea of value. But I have had cars where I got way more or way less than KBB estimated they were worth.

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octotron3000 OP t1_j6i7kzy wrote

Does it depreciate from time or mileage? Because It will not be moving, thank you for this advice btw.

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curtludwig t1_j6kf6c8 wrote

Both but KBB is slow to react to market changes and this has been a very hot sellers market. Call Carvana/CarMax/whatever is in your area and see if anybody wants it.

Just because KBB says $15k doesn't mean that's what you can actually get. Look around and see what a comparable car would cost.

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