How Does Trading In A Car Work – Everything You Need to Know

How Does Trading in Your Car Work

How Does Trading in Your Car WorkIf you drive an old or unreliable car, it is probably time for an upgrade. But just because your vehicle has seen better days doesn’t mean it is completely valueless. In fact, it is very possible that it is worth more than you realize. However, before you consider selling on your own, it may make more sense to trade it in. Peters Auto Mall has appraisers ready to offer you a fair and honest price. If you’ve never done this before and wonder how does trading in a car work here’s what you should know:

Why Trade in a Car?

There are several advantages to trading in a car:

Fast and Easy

Selling a car involves quite a bit of work. You have to take good photos of it and write an enticing description. Then you need to figure out the best websites or other places to post your listing, some of which charge. Getting the price right is another issue. Too high and you will turn people off, but too low and you could lose money. Trading in a car, however, avoids all of this. The dealership makes an offer and once you accept, there’s nothing more for you to do. Usually, it’s a very simple process. Plus, they will help you get easy financing terms for the loan you use to purchase a newer vehicle. The more you get for your trade-in, the lower the amount you will have to finance.

You Don’t Want to Lose Time Waiting to Sell and Then Finding Your Next Vehicle

If you only have one vehicle, of course you will need the replacement right away. Selling privately means that you may be without a car for a period of time. You’ll have to wait to sell and receive the payment, then go to a car dealer to find another vehicle. This arduous task much easier with a trade-in. When you sell your car to the dealer, that money will go toward your newer car. You can find the car right there and just leave the older car when you pick up the newer one. Therefore, there is no hassle involved!

No Buyer’s Remorse to Deal With

When a dealership buys your vehicle, they immediately take full responsibility for it. No matter what problems they may discover, you will no longer have any commitment to it. On the other hand, if you sell it on your own and an issue arises, the buyer may return. He or she may ask for money for repairs or demand to have a refund.

Should You Make Repairs Before Trading in a Car?

To get the best deal on your trade-in, it is a good idea to make some repairs or replacements. Any major work may not be worth the expense, but there are definitely some minor things you should do, including:

  • Fix any cracks in the windshield and replace old blades
  • Replace any burned out bulbs
  • Clean foggy headlights
  • Use touch-up paint for dings or scratches
  • Refill fluids

How Does Trading in A Car Work – This is How Peters Auto Mall Does It

Peters Auto Mall has been selling cars for over 25 years and thousands have come via trade ins. The appraisers at our dealership have specialized training and perform thorough inspections on each vehicle. They will look at the condition of the interior and exterior, tires, windshield, engine, and frame. In addition, they will check the car’s history report. Once they examine all of this information, you will get an offer. We never want to push you into anything, so we give you a week to think it over. If you’re happy with the price we offer, you can then start shopping for something new. The money you received for your older car will then go towards your purchase. Even before you come see us, you can figure out what this offer may be. When you fill out this form, we will send you an estimated appraisal within 48 hours.

We also offer financing options, so you can get the payment solution that best fits your needs and your budget. If you will require a loan, you can estimate your monthly payments with our loan calculator.

Now, Peters Auto Mall has added a showroom in Greensboro, in addition to our High Point location. Today, get more information concerning how does trading in a car work by calling us at 336-434-1600.