Cars sit in the parking lot of used car retailer CarMax in Naperville, Illinois.
Wait for winter: If you can, wait to sell your SUV until winter, when people are more apt to invest in four-wheel drives and bigger vehicles. "There will be an uptick in buyer interest in SUVs as we approach winter," says Jack Nerad, executive editorial director for Kelley Blue Book. Even with gas at $4 a gallon, Nerad says, "hanging on to your current vehicle and riding out the current gas prices could be the most economical answer." If you've got a four-wheel drive, it makes sense to wait, Vander Baan says. Right now, "it's the shock in the run-up of the gas prices" that is keeping people from buying SUVs. "Later in the year, it will have diminished."
Shell doesn't like thinking about filling an SUV tank's with pricey gas until winter, but he concedes "it would definitely be easier" to sell then. Until he finds a buyer for the 4Runner, Shell says, "we're buying water instead of wine."
B D of NM @ Jul 12, 2008 01:08:47 AM
ChristmasTree of NY @ Jun 24, 2008 15:29:31 PM
Michael of OH @ Jun 24, 2008 11:39:27 AM