Price and negotiation
A private buyer may pay a retail-oriented price, but negotiation can take time and an asking price is not a completed sale. A dealer prices in reconditioning, resale risk, and operating cost.
Privacy and safety
Private listings can require sharing contact information, arranging test drives, and screening strangers. MyLastBid keeps seller contact details private from participating dealers until an offer is accepted.
Payment and paperwork
A dealer routinely handles vehicle purchases and lender payoffs. In a private sale, the seller must be comfortable verifying payment and completing the correct transfer steps.
Make an apples-to-apples comparison
Compare the realistic net amount, time, travel, risk, inspection, and paperwork for each option before deciding.