What is the best way to sell my Ford Explorer?

Question

Due to economic reasons and gas being so high, I have decided to sell my V8 ford Explorer. But I am aware that prices on overesized vehicles are going down due to the raising costs of crude. What is the best way to sell my vehicle?

Answer 1

Place an ad in the newspaper classifieds. In the AutoTrader and on Craigslist.

Keep expectations low.  The market as you expect is very soft for these trucks and the prices are falling drastically.

Answer 2

you can trade it in for a diffrent one or get someone to crash it and if you got full coveridge then get it tottalde for a smaller car or sell it online on Ebay or something

Answer 3

Hopefully you don't owe much on it. I seriously doubt you'd make enough to pay it off. I hope you're prepared for that if that's the case. Explorers are bringing $5-6K under what they usually bring in trade, so yes, the market has dropped considerably on them.

You can try craigslist, Autotrader, and the local paper (all inexpensive).

If you do owe quite a bit on it, and try to sell it for the amount you owe, you'll probably find that buyers won't even touch it. If this is the case, it's best to just keep it and ride it out. Edmunds.com put a nice "keep it or trade it" calculator on their site for just this purpose, to show folks how much they'd save in gas and how long it would take to make up that gas savings if you lost thousands in trade/resale.

*Edit* - don't try the "full coverage insurance, total the car in a wreck" idea. Insurance companies are on to that.