To Trade-In or Sell Your Car on Your Own is the Eternal Question
Is it Better to Trade-In or Sell Your Car Privately?
A person has a lot of decisions to make when they decide to buy a vehicle. Among the first things you must decide is whether you’ll trade your current vehicle in or sell it privately. There are pros and cons to either choice. A Davey Auto Sales product expert will be able to help you work through the problem and make the best decision for your unique situation. At a glance, trading in a vehicle is beneficial because it will lower the amount of money you need to finance while selling privately can yield a higher sale price. Let’s take a closer look at both options before you visit our facility.
READ MORE: Sell Us Your Vehicle Today
Why is Trading in Your Car a Good Idea?
It’s no secret that borrowing money in Canada is expensive right now. The car, truck or SUV sitting in your driveway still holds a lot of value. If you’re new to the car-buying process, the concept of a trade-in is very simple. You take your current vehicle to Davey Auto Sales, and a member of our team will provide a quick and fair appraisal to get the trade-in process started. If the deal works for the customer, that trade-in value will be applied to the vehicle’s sale price, instantly lowering it.
The reason this is important is because if you plan on taking out a loan for the vehicle, you will be financing less – saving money on interest.
Selling a Vehicle Privately
The chief advantage of selling your car privately is that you are more likely to get more money for the sale versus trading it in. However, if you sell your own car, you also have to do some additional work, including but not limited to:
- Getting the vehicle extensively detailed
- Finding a place to list it online
- Dealing with unrealistic offers
Also, in this day and age, it’s probably better to meet with potential buyers in a neutral, high-traffic area like a public parking lot. In fact, many local police departments have areas by the station for this purpose.
Make an appointment with a Davey Auto Sales product expert today if you need a little more help choosing whether to trade in your current vehicle with us or try selling it on your own.