In most situations, people are 100% ready to buy a new car but are completely unprepared when considering what to do with their old one. Nexcar Auto Sales & Leasing is here today to let you know that you will always generally have two main options. You can, one: decide to sell the vehicle or two: decide to trade it in. If you are wondering which one is the best option for your auto situation, you're in luck because we have put this guide together to outline the pros and cons of both.
The Pros To Selling Your Vehicle
Typically, drivers will decide to sell their vehicle in a private matter for the sake of value. Some drivers think that if they make a private sale, they will be able to make more money rather than taking the offer from the car dealership. In some cases, this can be true. Drivers trying to maximize their value will most likely select this route to sell their vehicle.
The Cons To Selling Your Vehicle
One of the most obvious disadvantages of selling a vehicle privately is the amount of work that has to go into this process. Often times this process can take more time than one expects. This is because you will have to gather all documents, keep the vehicle maintained, decide the car's price, and find a buyer. For many drivers, the stress and hassle that comes along with this option are not worth the additional money.
And in the worst case, if you are unable to sell the vehicle, you are stuck with this vehicle sitting on your driveway not being used.
The Benefits of Trading in Your Vehicle
When you decide to trade in your vehicle at the dealership, you will enjoy the benefits of this process being convenient and efficient. The dealership in this case will handle all of the paperwork and the driver doesn't have to do anything. Another benefit is that drivers can put the trade-in value they receive towards their next vehicle purchase. This is the perfect option for those who want to avoid the burden of extra work.
The Drawbacks of Trading in Your Vehicle
Dealerships that make trade-in offers have to use some of their money to pay their hard-working employees. This essentially means that the driver can receive less value for the trade-in when compared to a private sale. However, this price difference is oftentimes less than drivers believe. Drivers who are unsure of what to do should contact the dealership they plan to get a trade-in with to get an estimated appraisal.
Let Our Team Help
When you are thinking about trading in your car, it's time you contact our team at Nexcar Auto Sales & Leasing. With the help of our team, we can get you the best deal on your used car so you can be ready to make a new car purchase in no time. When it comes down to it, our team is always happy to get you an appraisal so that you can go on and purchase your next ride. Our financing team can also help to set you up with an affordable auto loan in Toronto on your next car. To get your questions and inquiries answered, contact us at (416) 633-8188 today.
The most common dilemma new car buyers face is whether to sell their existing car to a dealer or sell it privately.
If your current car does not meet these conditions, you may want to consider used car trading for a new one.
They don't care about dents, dings, rust, tears or stains in decorations.
You obviously won't make a lot of money for the used car trading, but you'll get rid of the car and all its headaches.
In total, it will take 5 minutes, and you can follow the plan at any time.
With no investment of time or money, the dealership handles all the paperwork after a few simple signatures.
