College Place and Kennewick drivers often have to weigh up the pros and cons of trading vs. selling your car. We always like to provide a helping hand, so we thought we’d write a quick and easy guide to the advantages and drawbacks of each option.
Trading Your Car
Trading your car in is almost certainly the most convenient way to move on. After all, you just need to take it into the dealership, have it appraised, and then turn over the keys. However, the most compelling benefit for College Place and Kennewick drivers will be that they’ll save a little money when they buy their next vehicle. This is because you can use the trade-in amount as the down payment on the new car, and dealerships are often willing to offer deals in order to receive your loyalty. Are you still financing your current vehicle? It’s okay: you can actually trade in a financed vehicle.
However, you might get a little less than you would by selling the vehicle for yourself, usually the wholesale value listed on a trusted online source. However, most states charge sales tax only on the difference between trade-in value and new-car price, so the cost can be made up.
Selling Your Car
Selling your car independently will usually net the most money, so it can be a good option for any drivers who really just want the cash and aren’t interesting in upgrading to another vehicle.
However, selling independently requires a lot of effort. You’ll need to place the ad, deal with the paperwork, take phone calls and messages, and then have to meet with strangers and play the part of salesperson. If you are looking to buy a new vehicle, you might have to go without one for a few days if you’re using the money made from selling your car as a down payment.
The Walla Walla Valley Honda Trade-In Guarantee
If you’re still not sure about trading vs. selling your car, our Trade-In Guarantee might just change your mind. When you bring your vehicle to Walla Walla Valley Honda, we’ll make everything easy by having the car appraised quickly — even if you’re not selling us a Honda.
For more information about trading your car in with Walla Walla Valley Honda, just contact one of our team members today.