If you are in the market for a new car but you aren’t sure what to do with your current vehicle, trading it in is an excellent option. Trading in a used car at a car dealership has many benefits, both for your pocket and convenience. Below are several advantages to consider.

Why You Should Trade in a Used Car

1. Avoid Selling Hassle

Trying to sell your used car before buying a new one is time-consuming and frustrating. You may go through several potential buyers before finding someone willing to pay the right price, and this can delay getting the new vehicle you need. Trading-in saves you time and stress. Dealers will assess the car and make you an offer to take the vehicle off your hands.

2. Get Better Discounts

Dealerships can easily find the value of your used car, and if you choose to purchase a new car from them with a trade-in down payment, many dealers will offer discounts and incentives toward your next vehicle. Car dealers find value in trade-ins, especially if they can resell it or get a deal at an auction.

3. Add to Down Payment

For vehicles that are paid off or are worth more than what you owe, car dealerships will apply that positive balance to a down payment on your new ride. By doing this, you may only need a little upfront cash, or none at all, to secure your new purchase and financing terms.

4. Get a Tax Break

Sometimes the value of your trade-in offsets the sales tax of your purchase. You will only need to pay the difference between the purchase price and the trade-in value. Depending on your state’s sales tax rate and the total cost of your new car, you can save money.

5. Open Up Options

Your financing options are more extensive when you trade in a used car, especially if the value of the vehicle boosts how much you pay upfront. You will also need to take out less money in an auto loan, which can lead to better interest rates for the duration of financing.

Since 2005, Express Motors has been the top car dealership for Dayton, OH, offering clients quality foreign and domestic cars, as well as commercial vans and trucks. They are a family-owned business with honest offerings and special financing services to ensure you are happy with your choice. They also offer extended warranties on their used cars and trucks. If you are ready to trade in your vehicle, call (937) 222-7777. Visit them online for a look at their current inventory of used and pre-owned vehicles.