Used Car Trade-In Value Offer

If you're ready to get into a new vehicle, you may be wondering what to do with your old one. Should you try to sell it yourself or trade it in at the dealership? There are certainly pros and cons to both options. If you decide to trade it in, how does the process work, and how will you know if you're getting a fair price? There are a lot of questions when it comes to trading in your car, and we're here to help you get the answers you're looking for. 

Should I Trade My Car in or Sell It Privately?

You might be wondering if you should trade in or sell your car at the dealership or if you should try to sell it privately. There are many factors that play into this decision, and you must decide which option fits with your budget, your time, and your comfort level. 

If you want to sell your car privately, you may be able to get more money for it. This is because when you trade or sell to a dealership, the dealership has to resell the car and also make a profit. But with a private sale, you will be the one who has to get your car in tip-top shape and find a buyer, which will take time. You'll want to pay to have it detailed to get it looking its best, and you should take it to a mechanic to make sure everything is working correctly. 

On the other hand, when you sell or trade-in your car at a dealership, you bring it in as is. You won't have to have it detailed or fixed up or field calls about your car for weeks or months. And you'll get a nice chunk of money to put toward your new vehicle when you trade in your current car. Trading your car in saves you significant time, and by the time you've had the car detailed and fixed any issues, you may not have earned any extra money by selling it yourself either.

How Much Is My Car or Truck Worth?

Provide a few details about your current car or truck, and with our online calculator, you'll have an offer for your vehicle in minutes. Things such as the car's age, mileage, and condition are the determining factors for what you'll be offered. 

You'll want to be completely honest when assessing your car or truck. Perhaps you can ask a friend to give you their honest opinion as well. Many of us tend to think our vehicles are in better condition than they actually are because we have an attachment to them. But a buyer will see what you may not, so an honest assessment is important.

Perhaps you don't care about that dented bumper or scratch on the hood. But if you rate your car as in excellent condition with these cosmetic flaws, you'll only be disappointed later when you bring it into the dealership to be evaluated. So, make sure you look at your car and assess it without emotion as if you were the buyer, not the seller. 

How Does a Trade-in Work?

Once you've determined the value of your car or truck, you'll need to decide if you want the cash offer or if you'd like to use it toward another vehicle. If you decide to trade in your vehicle, it's time to shop for a new or used car. Once you've chosen a model you like, stop off at Boardman Mitsubishi to take a test drive and ask all the questions you may have about this vehicle. 

When you've made your choice and are ready to buy, bring your current vehicle to the dealership along with your certificate of title. One of our staff will inspect your vehicle and make sure the online assessment matches what they see. Then, you can use the offer toward the purchase price of the new car you've chosen.

Can I Trade in a Vehicle That Isn't Paid Off?

Although this may seem like a tricky situation, it's actually quite simple. When you trade in a car or truck that still has an outstanding loan, you won't have the title. The lender keeps the title until the loan is paid in full. If you decide to trade in a vehicle that isn't paid off, our finance team will work with your current lender to pay off the current loan with the offer you've received from us and obtain the title. From there, the purchase proceeds as any other would. 

When Should I Trade in My Car?

You might wonder if you can get more for your car or truck at certain times of the year. Should you wait to trade in your vehicle until the summer? Maybe you wonder if winter is a better time of year for car shoppers, and if you should wait until cooler weather sets in. The truth is that the best time of year to trade in your vehicle is when you're ready to buy a new one. You shouldn't put it off because you think you might get a better offer at another time of year.

The reason for this is simple. The factors that affect your trade-in value most are mileage and the age of the vehicle. If you wait, you'll only be putting on more miles and increasing your car's age. This will affect your offer far more than the time of the year you trade it in.

Trade In Your Car at Boardman Mitsubishi in Youngstown

You'll need to bring your car or truck to a dealership to trade it in, and here at Boardman Mitsubishi, we strive to give you the best deal possible. Our friendly staff will be able to assist you every step of the way, from finding the perfect new car, truck, or van to getting your financing in order. Stop by the dealership and let us help your dreams of owning a new vehicle come true.