Not good news on trading in the van. One dealer will do $1000. Another one will do $1200. KBB says this van is worth $2500 on trade-in, however the dealers say these vans don't move well in this area. They have to price them cheap in order to sell them. Yeah, sorry - not buying it.
When I last listed the van, KBB said it was worth $4000. I had it listed for $3800 and had two interested buyers. I had to take it off sale, because two of our cars broke down. We had to have the van. I know there are people out there who will buy it.
I think I'm just going to list it for sale by owner. The inspection is still good, and around here that is a huge thing on a car. If necessary, I'm willing to drop the price to $3000 to recoup the cost of another car. That is the max budget I set for my daughter. It is also the electrical money. I need to get that money back if I end up paying cash for a car.
She and I are going to talk about the options after she gets home from work. However, at this time I will not trade the van in for such a big financial loss.
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