Benefits Of Trading in
There are four benefits to trading in a vehicle that we think are worth highlighting for drivers.
The first benefit is that you’ll save on detailing and reconditioning costs. We touched upon this earlier, but when you trade in your vehicle, the dealer is most likely prepared to detail and recondition the vehicle before it goes on the lot. Trading in to buy a newer model can possibly avoid these costs, allowing you to make a larger down payment.
A time-saving benefit is that, if you try to sell a vehicle yourself, you’ll end up putting a lot of time and effort into the endeavor. This means advertising and making appointments across social media, experiencing no-shows, and other challenges. Trading in your vehicle avoids all this by letting the dealership take care of the advertising.
You’ll be able to avoid the waiting period to purchase a different vehicle. That’s because, when trading in, you receive the monetary value immediately as part of the transaction. Because dealerships often move through inventory quite quickly, you’ll be able to jump on a model you want before it’s gone. By comparison, a private sale can take up to six weeks—or longer—and that dream vehicle on the lot might be gone by then.
Lastly, trading in to a dealership is going to equal a fair price any time of year. Because private selling works in time with the seasons with everyone selling at the same time, so you’re likely to find an overcrowded market. With a dealership, not only can you expect a fair price regardless of the season, but you’ll most likely receive an extra amount of money to boot.