How to Trade Your Car In? Major Three Pros and Two Cons

If you are scouting for how to get rid of your current car, we have got you covered. How about putting a sign “For Sale” on a window of your car or listing your car in automotive classifieds to grab the attention of potential buyers? Okay! We get it. It’s something you are already familiar with. But what if you trade your car into a dealer and buy a new one? Trading-in is quite common worldwide as it is the fast and easiest way to say goodbye to your used car. But it’s also true that some people deny trade-in entirely and prefer to weed out potential buyers. Trading-in isn’t as easy as it might seem. So, before you let go an idea of a trade-in, learn what you may gain from going that route.

It’s something you are already familiar with. But what if you trade your car into a dealer and buy a new one? Trading-in is quite common worldwide as it is the fast and easiest way to say goodbye to your used car. But it’s also true that some people deny trade-in entirely and prefer to weed out potential buyers. Trading-in isn’t as easy as it might seem. So, before you let go an idea of a trade-in, learn what you may gain from going that route.

Before we dive straight into it, try out We Buy Cars which is an exquisite platform for selling your used, damaged, accidental and even dead cars at a fair price with complete paperwork without any hassle. Now, let’s keep moving!

How to Trade In a Car?

If you have made up your mind that trading-in car is an ultimate and best option for you, it’s important to learn how to get more bucks.

  • Know Your Car’s Value

Determine how much your car’s worth by using so many websites so that you can bargain to a dealer with confidence.

  • Fix Up Your Car

Spend a little number of bucks to get your car repaired if it’s damaged and repair cost doesn’t go above its actual value.

  • Shop Around

Shop around does get you the best interest rate on your auto loan or lowest price for your new one. Moreover, it helps you get the most of the money for your trade-in.

Pros (Advantages)

While deciding how to get rid of your car through trade-in, there are some factors that might entice you. Have a look below before you go.

  • No more Middle Man

While trading your car in, a dealer manages an entire transaction from A to Z. But you are required to show up, negotiate with a dealer and you are almost closer to selling your current car and buying a new one. It also gives you a benefit if you don’t have much time or desire to market your car.

  • Convenient and Fast

Individual buyer takes a lot more time and effort, of course. There is so much work to do such as advertising a car, meeting with a buyer at a safe place and transferring ownership. Wouldn’t it take a couple of weeks? But when you trade in, on the other hand, you can easily get rid of your old car in almost a day or two.

  • You Get a New Car at Lowest Price

In case you own your car outright, the dealership applies your trade-in amount to your brand new car. For instance, if you are spending approx. $35,000 and a dealership gives you $10,000 for trade-in, you only need $25,000 more. And interestingly, you pay less in sales tax because a dealer knocks hundreds of dollars off the price of your car.

Cons (Disadvantages)

Be noted that trading -in your car isn’t really a great option as you may have to compromise on several things. So, read out our mentioned below cons before you make your decision.

  • Current Car doesn’t Sell at Best Price

We don’t deny that it’s a convenient and fastest way but dealerships most often don’t offer much amount as compared to a private party. For example, if a private buyer is ready to give you around $40,000 for your used car, trade-in value for the same car in the same condition will only be $37,000 – a difference of round about $3000.

  • Can’t Buy a New Car from Anywhere Else

Of course, you will be obligated to buy a new car from the same dealership but if the dealership doesn’t have a car you want, you would no longer be able to trade your car in. There is no any provision which gives you a right to sell your car at once dealership or buy from another.

Give a Try to WeBuyCars

Trading your car in or selling it privately obviously a stressful work and no one would like to get involved in it (not me at least). Then how to Sell a Car at Best Price without getting worried about its advantages and disadvantages? We Buy Cars have all the answers to your questions. Say goodbye to a stressful work, don’t find any buyer or trade-in. Make a call to WeBuyCars or drop your details via email and you are done. That’s all! Amazing?