if you can afford to wait for it to go, I would sell it privately.
I had a 2002 V8 Statesman that had just done 90,000k's, was in PERFECT condition (we were second owners, the previous owner was a fam friend who is very fussy with her car, and so am I!) and we got a 12,000 trade for it (Paid 21,000 for it, with 60000k's on the clock and had it for just over 2 years) When it was easily worth at least 16,000!
Its funny you should say that, as our current car is a 2000 V8 Statesman. Its got fairly high ks though - about 172 000. We know a trade will get us at most probably 8k, but we would ask 12 if we sold it privately. Thing is, I am not convinced it would sell because of the current market - nobody is buying. Although, DH thinks that there is always a market for V8s, so not sure. I would be happy with 7 or 8k on a trade, as it would make the new car that little bit cheaper.
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