If you realize that your car has a high trade-in value after getting an answer to the question "what's my car worth", then you might be interested in starting the trade-in process. At Century Automotive, our finance team offers a variety of resources like helpful agents and the Value Your Trade tool to help you understand the value of a trade-in.
Today, though, we will lay out the advantages for Huntsville, Florence, and Cullman, AL, drivers wondering, "what are the benefits of trading in my car?"
Save Your Precious Time
You might be thinking, "will I really save time if I trade in my car?" The answer is probably yes.
A trade-in can save you time at multiple points during the trade-in process. The biggest time saver will likely be selling your current car and getting your next one in the same day. Dealers have the tools, resources, and manpower to help streamline everything in the car-buying process.
If you tried to sell your vehicle on your own instead, it will likely take several days or weeks as you create a listing, meet and negotiate with potential buyers, and finalize the sale.
In addition, you'll have to spend time making your vehicle look presentable and perhaps scheduling some repairs. However, when you opt for a trade-in, this won't be necessary-the dealer will cover these costs once you trade in your car.
Advantageous Financing Options
By trading in a car, you also get to take advantage of unique financing options. For example, you can use your trade-in value toward the down payment of your next vehicle. This will help reduce the overall amount that you have to pay toward your next car, truck, or SUV.
By trying out our Value Your Trade tool beforehand, you can get an idea of what you might save and can plan your financing accordingly. Â
Sales Tax Benefits
In all likelihood, you'll benefit from only having to pay sales tax on the difference between your trade-in vehicle and the vehicle that you're getting. This could save you hundreds or thousands depending on the automobile you purchase.
If you sell your car privately or at a different time than you're buying your next car, then you won't be able to benefit from this sales tax reduction.
Current Vehicle Doesn't Need to Be Paid Off
Some dealers allow you to trade in your vehicle even if it isn't paid off. You also might be able to use your trade-in value toward paying off the rest of your loan balance while still getting your next, new vehicle on the same day.
While you can still sell a car that isn't paid off in the private market, you might have to put in more effort to find a buyer willing to purchase a car that still has a balance on it.
Get Your Trade-in Value at Century Automotive Today!
Excited to know your trade-in value and begin the journey to getting your next vehicle? Huntsville, Florence, and Cullman, Alabama, shoppers who are wondering "what are the benefits of trading in my car" or are ready for the next step are welcome at Century Automotive.
