If you’re looking to upgrade your current vehicle to get more power, space, or the latest technology features, trading in your car can help you lower the price of a new purchase. But before you head to your local Rome NY dealership, it’s important to understand how trading in a car works and what information you need at your disposal.
- You Only Deal With the Dealer 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 getting a new vehicle.
- It’s Fast and ConvenientPrivate party sales take time and effort:There’s the task of advertising the car, meeting with potential buyers, and transferring ownership. It can take several weeks or even months to find a buyer. On the other hand, when you trade in your car, you can get rid of your old car in a day or two.It Reduces the Price of Your New Car.
- 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.