It can be tough parting with your car, especially when there isn’t necessarily anything wrong with it. However, letting your car fall to pieces before looking for another can end up costing you more money. This is why smart car buyers trade their vehicles in at just the right time. If you are not sure when the “time” is for your car, let Mount Airy Chrysler Dodge Jeep Ram point you in the right direction.
You know it’s almost time for a new vehicle, but the one you have now still runs and looks decent. Sure it won’t last forever—you know that—but why get rid of it now? The truth is trading in a car that still carries some worth can save you tons of cash on your next car. What’s more, the process of trading in a car for a new one is quite easy and straightforward. Here’s how it works:
Step one is to drive your car to the dealership you plan to work with—Mount Airy Chrysler Dodge Jeep Ram, of course! Once you are here, one of our sales associates can take care of everything. First, a technician will give the vehicle you want to trade in a test drive and a detailed once-over to assess its value. An offer will be made, and that cash can be applied to the car you hope to buy. If you accept and find yourself a nice car, the deal is concluded by signing over the title and getting you in your new one.
You can trade your car in for cash and take that money to a private seller, but there are two issues with this: 1) it takes more time and paperwork; 2) dealerships tend to give a bigger cash offer if you plan on buying your next one from them—and everything is done right there.
Benefits to Trading-in Your Vehicle
There are plenty of reasons to trade in your car, but here are two of the biggest ones:
1. Everything is done in-house.
Having to go to multiple places—the DMV, a private seller or dealership, etc.—might not seem like a big deal, that is, until you have to do it. Having everything done in one place, and at one time, makes everything easier. Simply drive your trade-in to the dealership and drive your trade-up back home! No paperwork getting lost between the seats, no traffic jams, and no lines at the counter waiting for someone to help you who knows nothing about your situation.
“But what if I end up needing financing for the new car?” Not a problem, we do that too. We can provide financing for you, but if you would rather go with your bank that’s easy too; just get your financing squared away before you bring your old car to us—which can be done online.
2. If you have an existing loan on your trade-in, we can pay it off!
It’s true. We actually come across this situation often, and it’s yet another easy process: we pay off the remaining balance on your car loan and receive the title directly from the lender. If our offer for your trade-in is higher than the loan payoff, you get what’s left and you can apply that to your new purchase.
There is also what’s called being “upside down” in your loan. This is when you owe more on your car than what it is worth. This is not the best situation to be in, but trading it in is still your best bet. In this case, we will discuss your options, but more than likely this is how it will end up: we pay off your loan and add the difference to the balance of the car you want to buy. Again, trading it in and buying your next car at the same place will give you a bigger trade-in value, which then pays off more of your existing loan.
Choose Mount Airy CDJR
There is clearly a good case for trading-in and trading-up, so what are you waiting for—hopefully not your car to fall apart first! The most delicate part of this entire process is understanding when to upgrade your vehicle, and honestly, that’s something only you will know. But if you find your car doesn’t fit your lifestyle as much as it used to, or you find yourself jealously admiring all the new bells and whistles to your friend’s new car, it might be time to value your trade in come see us at Mount Airy Chrysler Dodge Jeep Ram. See you soon!
