There are several options available to you if you're seeking to offload your current car and get into a different one. You can always take on the task yourself and place a "for sale" sign in the window while placing an online advertisement for it. Or, you can skip the hassle and drive over to your local dealership for expert help and allow us to take care of the work for you while you reap the benefits.

Benefits of Trading Your Vehicle in at a Dealership

Old car driving down a neighborhood street

Our team at Apple Chevrolet put together a list of benefits you may experience from trading your vehicle in to a dealership. These advantages may help you determine the right course of action for you when it comes to exchanging one car for another.

Image by Devon MacKay is licensed with Unsplash License

Earning a Tax Advantage

When you trade in your car at a dealership, you can likely earn a better tax advantage than if you were to sell the vehicle yourself. In Pennsylvania, the state only collects about 6% in taxes from your vehicle purchase. However, if you sell your car to the dealership, you may only pay taxes on the difference between the price of the vehicle you're trading in and the new car you're purchasing.

But, if you were to sell your own car, this tax advantage isn't available to you, and you'd pay the 6% in taxes once you purchase a new vehicle after selling your old one.

Purchasing a New Car Faster

You can find yourself driving home in your new dream Chevrolet faster if you trade in your old car in at a dealership than any other way. You must show up with your car and paperwork to a dealership that accepts your make and model and speak with a car salesperson. They can handle the rest for you.

If you're looking to trade in or sell your car with us at Apple Chevrolet, you can value your trade before coming in to discuss the transaction. This provides you with helpful insight into how much you may earn from the trade, allowing you to budget for your new purchase. Typically, if you were looking to purchase a new car after selling it privately, it may take you about four to six weeks to sell the vehicle, causing you to wait before you can start the process of getting a new one.

Experiencing Transparency and Safety

We understand that transparency and safety are critical in trade-ins and other transactions. That's why when you choose to trade in your car with us, you can expect an honest transaction in a safe environment. If you were to sell your vehicle on your own, you may not get the best deal possible or even find yourself in an unsafe situation.

Skipping the Advertising Process

Selling a vehicle on your own usually means you're going to spend a lot of time photographing your car, posting it on various forums and sites, contacting people, fielding their messages, and ensuring those who claim they're interested are serious. Bypass the advertising process and go straight to the sale when you work with a dealership. Once you trade in your car with us, you're all done. We'll handle the burden of reselling it so you don't even have to think about it anymore.

Forgoing Paying the Current Loan in Full

You can forgo paying the rest of your current loan in full when you trade your vehicle to a dealership as long as the value of your trade-in exceeds the amount you owe. The dealer will subtract the loan balance from your trade-in's total value and then apply whatever is left toward the price of your new car.

If you were to sell the car on your own, your original lender would hold the title until you finished paying off the loan. Having to wait to earn the title as a buyer while you pay off your remaining loan may discourage buyers from purchasing your car. That's why you can pay less on your original loan if you work with a dealership.

Often, we can work with you while you work on paying the rest of it. It's no problem. If you communicate with our salespeople about your financial situation, we can work with you to make the trade happen faster and get you into a new Chevrolet as soon as possible.

Saving Time and Money on Detailing Your Vehicle

Save time and money on detailing your vehicle when you collaborate with a dealership rather than sell privately. If you were to sell your car on your own, ideally, you'd spend money and time to detail your car and make sure it's in top-notch condition to ensure you get the most money you can for it. But what you spend on detailing and cleaning may not reflect in the profit when you finally sell the car. Much like the transaction when selling privately can be risky, so is the money you put into the car before selling it.

When you work with our dealership, you don't have to spend your time and money to ensure your car is squeaky clean. We'll take care of all that once the trade-in is complete. Typically, we factor what we anticipate spending on reconditioning your car into the trade-in value. If you were to trade your used Chevrolet for a newer car, you may avoid spending money on the upfront costs for detailing your car and have more money to put toward a good down payment.

If you're considering trading in your vehicle and live in the York, Pennsylvania, area, visit our dealership to talk to one of our team members. We can answer your questions and help ensure you get the best deal possible for trusting us with your trade. Contact us if you have any questions about the trade-in or car-buying process and what you need to know before coming on the lot to begin the process.

Categories: Review, Service
Tags: Guide