Advantages of trading-in or private selling a Car
Allot of people trade in their old faithful for a new car. In this article, I want to give some good advice when it comes to your trade-in.
When deciding the best way to get rid of a car, there are several factors to consider. Attempting to sell the car yourself, understand the difference between a private sell and trade-in.
If you trade in your car, the dealer handles the entire transaction from start to finish. All you need to do is show up, negotiate the deal, and you’re one step closer to buying a new car. While there are definitely benefits to selling a car yourself, trading in a car may be the better option if you simply don’t have the time or desire to market your vehicle.
Private party sales take time and effort: There’s the task of advertising the car, meeting with buyers, and transferring ownership. It can take several weeks or even months to find that buyer. On the other hand, when you trade in your car, you can get rid of your old car in a day or two.
If you own your car outright, the dealership will apply your trade-in amount to your new vehicle. For example, if you purchase a car for $25,000 and the dealership gives you $6,000 for your trade-in, you only need a loan for $19,000. And because the dealer knocked several thousand dollars off the final price of your automobile, you pay less in sales tax.
Did you do your homework? Check out the Kelley Blue Book to find out the value of your car. Dealers want to pay as less as they can on a trade in. knowing the value of your car will help when you to negotiate the price. You can also print a copy of the Bluebook information and take it with you. This is also a plus when it comes to a private seller.
Any cosmetic damage to your car can lower its net value and cause a low trade-in or sell value.
The first thing that catches the eye of prospective buyers is how your car looks. Not saying you have to give your car an entirely new paint job, but it doesn't hurt to hire a detailing service to clean up the interior or exterior before speaking with a dealership. A good wash, wax, and shampoo the carpets, one step polish will enhance paint to conceal minor scratches. Simple repairs can add significant value to your car and increase the trade-in offer. After a good detail, you might not even want to trade-in your car anymore.
Shopping around does more than get you the best interest rate on your auto loan or the lowest price on your new car, it also helps you get the most for your trade-in. Visit multiple dealerships and request an estimate to learn the value of your trade-in. Keep copies of your quotes and use this information as a bargaining chip.
In closing, it's always a pleasure to keep my customers educated. I will be writing more content every week so please visit my website at www.l9detailing.com and sign-up now.