Is It Better to Sell a Car or Trade It?

Norm Reeves Honda Superstore Cerritos Trade In
There’s nothing as exhilarating as finding the next car to help you with your travels throughout Cerritos, Buena Park, and Long Beach, CA. However, before you start browsing the selection at a dealership, you’ll want to figure out what to do with your current car. Is it better to sell a car or trade it in?

To help you on your quest, our team at Norm Reeves Honda Superstore Cerritos is going to weigh out the sell-or-trade question, so you can get a better sense of your options and decide on which path is best for you!

Selling Your Car

Norm Reeves Honda Superstore Cerritos Trade InIf you plan to sell your vehicle privately, there are a few things you’ll need to do. At the start, you’ll want to conduct research to see what your vehicle is worth. Once you have the value, you’ll know what you can sell it for. To generate interest, you’ll want to post ads online as well as in print, so you can attract as many interested drivers as possible.

After you’ve advertised, you’ll start to get offers. Of course, these offers could be below your asking price, so depending on how many you get, you may have to take a loss and still accept the best one. You’ll also be responsible for handling the paperwork and the title transfer to make the transaction legal.

How a Trade-in Works

When it comes to trading in your vehicle, there are some similarities to selling it on your own; however, the dealership handles most of the heavy lifting and responsibility. You simply want to use the trade valuing tool to get a sense of what your vehicle is worth. This tool asks for your vehicle’s VIN, make, model, year, mileage, and even condition. Using these factors, it’ll calculate a close estimate to your vehicle’s Blue Book® value.

Once you make the trip to the dealership to start reviewing your options, you’ll want to tell your sales associate that you plan on trading in your vehicle. They’ll be able to start the inspection process to verify your vehicle’s value, so the figure will be ready by the time you finance.

Why Should I Trade My Car In?

Norm Reeves Honda Superstore Cerritos Trade InWhen you trade your vehicle in, you can use the equity toward the purchase of your new car. You’ll apply the value of your trade-in toward the down payment. Of course, if the value of your trade is higher than what’s expected at signing, you can use the additional value to your advantage. You can either keep it, use it toward a package or extended warranty, or even put more down to lower your future monthly payments!

 

 
 

 


Trade Your Vehicle In Today

If you’re ready to begin your experience of finding the next car to take on the roads of Cerritos, Buena Park, and Long Beach, California, you can browse the selection online, value your trade, and then schedule your test drive with us at Norm Reeves Honda Superstore Cerritos to get started!

 

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