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Advantages of trade-in vs selling your car in Fredericksburg VA

By Product Expert | Posted in Uncategorized on Saturday, February 13th, 2016 at 4:35 pm

When it comes time to upgrade your car to a “brand-new” used one, you have two options: try to sell your car on your own or trade it in as part payment for the “new” used vehicle. We think you should consider all of the advantages of trading in your old car vs selling it. Here’s why:

Advantages of trade-in vs selling your car in Fredericksburg VA

Simplicity

The easiest way to get rid of your old car is to hand it over to us. Seriously, we don’t mind! We love buying people’s used cars because it gives us more variety in our inventory to help the next customer find just the ride they’re looking for. It’s as easy as handing over the keys when you come in to buy your new vehicle. Now compare that with the thought of placing classified ads, taking phone calls and emails, dealing with strangers and giving them test drives. We think the choice is obvious.

Down payment

Trading in your old vehicle is the most straightforward way of putting down a great big down payment. It’s quick and easy, and it goes a long way toward the expense of paying off your new vehicle. If you choose to sell your old car yourself, you may be stuck with it for weeks or months before you find a buyer. Meanwhile, your bills could be adding up. If you need the money for a down payment right away, the smartest option is usually a trade-in.

Tax advantage

When you get down to the nitty-gritty paperwork of the used car transaction, there’s often a substantial tax advantage involved. In many cases, sales tax is only charged on the difference in cost between the trade-in value of the old car and the purchase price of the new car. Just know that if you sell your old car yourself, you may end up paying much more in sales tax.

Repairs

Chance are you’re selling your old car because it’s become a bit of a headache. Maybe there are some dings and dents and chipped windows. Maybe you’ve slipped way behind in regular tune-ups and minor maintenance. Or maybe it’s turned into a real clunker and you’ve barely managed to roll it into our lot. We don’t care. We inspect and repair each vehicle thoroughly, restoring them to like-new condition. We’ll take your trade-in no matter what. We certainly can’t say the same for a private buyer, who might take one look at your car and hit the road.

There’s a good chance that if you’re prepared to put in a lot of time and effort, you can sell your old car for more than the trade-in value. However, if your car is in less-than-great condition, if it’s a model that’s in low demand right now, or if it has higher than average mileage, you’re guaranteed to be better off trading it in. Come and see us!

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