For many drivers, buying a new vehicle means replacing their older car. But rather than trying to sell their old vehicle on the open market, they instead trade it in to the dealership to help offset the cost of their new purchase. But how do trade-in cars help during the buying process? Here’s what you need to know.
FAQs About Trade-In Cars
What are the Benefits of Trading in My Car?
Trading in your vehicle allows you to receive dealership credit that is applied toward your purchase. This allows you to potentially save thousands of dollars on your next car without going through the hassle of selling your old vehicle on your own.
How Is Value Determined?
Trade-in value is determined based on the vehicle model and year. The condition of the car will also be a major factor—both physical appearance and mechanical operation will be considered by the dealer before to making an offer.
Are There Any Drawbacks?
Though trading in your car is a very convenient option, it is worth noting that drivers don’t always get as high a price as they would if they sold the car on their own. Depending on your car’s value, however, the final difference in value may only be a few hundred dollars, with the reduced hassle outweighing this drawback.
Should I Repair My Vehicle?
Because your car’s condition directly impacts its trade-in value, you should take care of any visible repair issues before bringing it to a dealership. The better your car looks, the higher its perceived value. Keep in mind, however, that major repairs are unlikely to deliver a return on investment.
With a great selection of used cars, Curbside Motors in Tacoma, WA, makes it easy to find your next vehicle. With generous offers on trade-in cars, they’ll also help you afford your purchase. Visit them online to check out their inventory and get an initial quote for your trade-in vehicle, or call (253) 777-0620 for more information.