Advantages of Trading In A Pre-Owned Car At Automotive Dealerships
For many people who plan to buy a new or used car, selling their old car will be a very tough task. They have options like selling it to a private party, donate it to charity or family member or trade-in at an automotive dealership. Many people struggle to sell it privately as it requires a lot of time, effort, and money. They don’t even want to donate. So the remaining option and the easiest way to get rid of old vehicle is trading in at a dealership.
Originally, the process of trading in a car at dealership was intended to ease the amount of work required by the customer while buying a new or used car. Soon the concept of trading in became so popular as dealerships started offering many other benefits to consumers, which they could not afford to loose. Trading in at a dealership has many other advantages such as:
Better trade-in price
A good trade-in price is all what you expect from your old car. You can get a better trade-in price at dealerships without any hassle which you may face selling it to a private party. Selling your vehicle to a private party involves expenses on items such as advertising, repairs, cleaning and appearance renovation. Remember, these may not be small amounts. Whereas the dealers offer reasonable trade-in price as they have good knowledge and enough experience in purchasing and selling cars. Dealerships offer a good trade in price after evaluating parameters like year of manufacturing, make and model of car, paint, mechanical condition and mileage etc. You can also bargain over the trade-in value proposed by the dealer or simply accept it.
Easy to trade in financed vehicles
Another reason many people consider a dealership is that they can trade-in a car on which they still owe money. Dealerships know that in this difficult economic times, some people may not be able to clear the full loan amount. They will take the financed vehicles even if the full loan amount is not paid off. The dealership will pay off the remaining balance on your vehicle. It is a very good option for a person to get out of an unfavorable loan. It is also useful for buyers who like to change their vehicle every two or three years.
Convenient and easy
Trading in at automotive dealerships is all about convenience. Dealerships will make on the spot offer for the vehicle and it will be a same-day transaction with minimal hassles and bother. Even dealers want your trade-in, so they try to make the procedure as easy as possible to help you trade-in your car. But if you want to sell it to a private party, be aware of the work involved. Selling your vehicle will take time and may also cost you some money depending on its condition. You need to spend on minor repairs, advertise in multiple sources, make phone calls, set the time for test drives and negotiate hard with the potential buyers. Don’t forget to calculate the costs involved in all these things.
No worry after trade-in
You not only save time and effort trading in at a dealership, you will definitely be free from potential post-sale headaches. Once you put your vehicle in the dealer’s hands, it’s his responsibility to prepare it and resell. The dealership will take the responsibility of mechanical trustworthiness. But if you sell your vehicle on your own, you will make yourself available to the buyer. You have to take responsibility if buyer comes back with any mechanical issue that may arise later.
Apart from the above mentioned advantages, trading in at an automotive dealership may also offer a tax advantage if you buy a vehicle at the same time. Generally, you will have pay sales tax only on the difference in amount between trade-in value and the price of the new vehicle. These are only a few of the many advantages that trading in a pre-owned car at a dealership carries with. Dealers, sometimes offer many other benefits to the customers. However, you need to carefully consider all options before making any decision.
At Carl Burger’s Dodge Chrysler Jeep, we specialize in new and used San Diego Dodge, Chrysler and Jeep San Diego, trucks and sport-utility vehicles; we want to make sure you get the very best deal. We have a strong and committed sales staff with many years of experience satisfying our customers’ needs.
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