Trade-In or private sale? Choose the best option for you!

When it comes time to part with your old car, you typically have two choices: sell it privately or trade it in to help pay for your new one. Making the best choice for you will be aided by knowing your car’s worth and weighing each option’s advantages. Here are some things to think about:

1. Trade-in

This means giving your vehicle to a dealer and allocating its value to a new car. In other words, put your previous car as a form of payment for your new car. After a visual inspection and test drive, the dealer will offer a rating based on the car’s make, model, condition, and odometer miles. That money goes toward a down payment on your next vehicle.

• Advantages:

– Greater comfort
It’s typically considerably simpler to give your car to a dealer than to sell it privately. You’ll typically be able to trade in your car without too much fuss, and you’ll drive away from the dealer with a brand-new car. A trade-in may be the ideal option for you if you don’t want to deal with the paperwork, negotiations, and other hassles involved in selling a car yourself.

– Spend less on details
Your dealer normally anticipates cleaning and reconditioning your vehicle themselves when you trade it in. It can be costly and time-consuming to thoroughly clean and detail your car before selling it privately in order to increase its worth. Some particulars can cost well over a hundred dollars!

2. Private Sell

If you want to sell your car privately, putting it up for sale on different websites is a fantastic method to attract buyers. Check that you have priced your car reasonably and according to market value.

Advantages:

– Possibility of higher offers

You might get more money from a private sale of your car than from trading it in. Due to their need to make a profit, dealerships sometimes undervalue the cars they sell. Private buyers may be more inclined to pay the market price for your car because they normally aren’t in the business of reselling cars for a profit.

– Greater room for compromise

You can consider many offers when selling privately until you discover the greatest price. You have more influence over the deal and can decide how to establish the terms and the price.

At Planet Motors, we want to buy your car, even if you don’t buy ours! If you are interested and want more information, visit our website www.planetmotors.ca and in the “sell or trade-in” section you can get more information. In addition, we provide a unique service! You can Trade In at Home, in easy steps, you’ll have your car pictured, appraised and sold quickly!