Automotive

Dodge Caravan 2011...down sizing

  • Last Updated:
  • Oct 3rd, 2012 7:22 pm
[OP]
Newbie
Oct 31, 2009
94 posts
64 upvotes
Toronto

Dodge Caravan 2011...down sizing

Hi Guys,

I have a Dodge Caravan 2011 SXT (only 12K Kms) looking to downsize and wondering what are my best option to sell it. I paid 23K last year and willing to let it go @ 20K but not sure what will I get?

Should I privately sell it?
Should I trade and buy another car to save on taxes?
Any other options?

Any suggestions/advice will be greatly appreciated.
2 replies
Deal Guru
User avatar
Oct 5, 2008
11191 posts
4418 upvotes
Toronto
I hate to break it to you, but there's no chance of you getting $20K (if you did pay $23K) unless you find an absolute sucker or you'rve got a lot of extras on the van since you bought it (winter wheels etc).

You will get the most $ selling it privately, which is also the most time consuming.

edit: unless the $23K you paid was some ridiculously good deal to start with, and I have no idea if it was.

Cars depreciate a lot the minute you drive it off the lot, more so after driving it a year.
Deal Addict
May 12, 2012
2252 posts
223 upvotes
Toronto
nyliquidpk wrote:
Oct 3rd, 2012 5:08 pm
Hi Guys,

I have a Dodge Caravan 2011 SXT (only 12K Kms) looking to downsize and wondering what are my best option to sell it. I paid 23K last year and willing to let it go @ 20K but not sure what will I get?

Should I privately sell it?
Should I trade and buy another car to save on taxes?
Any other options?

Any suggestions/advice will be greatly appreciated.
20K not possible at all. Maximum 15K-16K if you private sell/trade it in, lower if you get low balled. The reason is that:

1. Your car is less than 2 months away from 2 years old.
2. Your car has 12K kms on it.
3. Its an SXT which is a very very popular Caravan trim. There are LOTS of such models out there.
4. I recall that in the Dodge/Chrysler thread somebody mentioned there are lots of consumer incentives now even extended to 2013 models.
5. You forgot taxes. Even if someone agrees to pay you 20K for your minivan, he is looking at 22-23K OTR including taxes at 13%. I don't think people would want a 2 year old 12000km Caravan at 22K. They would have gone for a few one and probably get a 2013 for less than what you paid.


My best advice is IMO since you BOUGHT the car, keep it. When you buy a brand new car with cash, only driving-it-till-its-dead makes financial sense. Otherwise you should have financed it. You will take a big hit if you sell your car, no matter which party you are selling it to.


For your convenient, please reference this:
T-Man wrote:
Sep 5th, 2012 3:08 pm
Chart# 1: Consumer Cash

2013 Model Year
Chrysler
200 LX---------------------------------$2600
200 (excludes LX)----------------------$2600
Town & Country------------------------$7500

Jeep
Wrangler-------------------------------$2000

Dodge
Journey CVP/SE Plus------------------------$1000
Journey SXT/CREW/RT----------------------$1000
Avenger SE--------------------------------$2600
Avenger (excludes SE)----------------------$2600
Grand Caravan Canada Value(CVP)----------$7000 <<<<<<<
Grand Caravan Non-CVP---------------------$7000 <<<<<<<

Ram
Ram 1500 Reg Cab 4x2,4x4-------------$5000
Ram 1500 ST/SXT Hemi----------------$5000
Ram 1500 ST/SXT non-Hemi------------$5000
Ram 1500 Hemi (excluding ST/SXT)------$5000
Ram 1500 non-Hemi(excluding ST/SXT)--$5000
Ram 2500/3500 Diesel-------------------$3500
Ram 2500/3500 Gas---------------------$5000

Fiat
Fiat 500---------------------------$1000
Fiat 500C--------------------------$1000
T-Man wrote:
Sep 20th, 2012 10:53 pm
Good News Asheron, as mentioned in my post above, due to lack of inventory left on 2012's, Chrysler during a conference call with dealers across the country have decided that shifting the big incentives over to the 2013's is the smart move as there are no more 2012's left. As of this past monday, it was showing only 700 units left in the country not including those that dealers haven't reported sold and delivered yet. So now there are $7000 off of 2013's Grand Caravan's. Some of the changes in the 2013's is trailer sway dampening standard all trims, availability of Blue ray player (late availability).

So you asked when is the sweet spot, it would be now while there are Plenty of 2013's for you to pick and choose from, and big Consumer cash discount is there.

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