Woodfield Nissan Blog Hoffman Estates IL | Schaumburg
Why You Should Trade-In Your Used Car
By webdev | Posted in Woodfield Nissan on Friday, June 28th, 2024 at 4:56 pmThere comes a time for every driver to upgrade their used car.
Maybe you or your family have outgrown your current car. Or, maybe you need different capabilities like all-wheel drive. Sometimes, you just want to upgrade to a new set of wheels because change is as good as a holiday, or because you really want new features like adaptive cruise control or Apple CarPlay.
No matter the reason for your change, the question remains: What should I do with my used car?
Selling vs Trading-in
You’ve probably heard that you can get more money by selling your used car privately than you would with a used car trade-in at a dealership.
This is sometimes true, and it often looks that way if you’re looking up the prices of used cars offered near your area. However, those list prices aren’t always what the car ends up selling for.
Not only that but the work and effort to list and show your old car that any potential price isn’t always worth it. And, if you do buy a new car before you sell your old one you might have to pay two payments until your old ride is sold.
The Benefits of Trading In Your Used Car
The easiest and fastest way to swap into new wheels is to trade it in at your local car dealer such as us here at Woodfield Nissan. You’ll be able to seamlessly transition from one vehicle to the other without any awkward overlap or extra payments.
These days, any price difference between the private market and what the dealership offers is much smaller than it used to be. Most dealers determine the trade-in value of your car using tools like Edmunds or Black Book, so you end up getting the best possible market value.
One lesser-known advantage of a car trade-in is you pay less tax this way because the tax you pay on your new car is based on the final invoice price. If you use your trade-in to offset the cost of your new Nissan at Woodfield Nissan, you’ll be paying less tax.
Tips for Private Sale
If you do opt to sell your car via private sale, make sure you protect yourself from fraud or theft.
Always count cash and check the cash carefully to make sure it isn’t counterfeit before you hand over the keys. Don’t accept personal checks and never allow unsupervised test drives.
Also, remember to inform the DMV that you sold your vehicle as soon as possible so that you won’t be liable for any tickets the new owner incurs.
Trade in Your Car Easily at Woodfield Nissan
At Woodfield Nissan, we know what a hassle it can be to sell a used car privately. When you trade in your used vehicle with us, we take care of everything so all you have to do is drop off your old car and drive off in a new (or new to you) Nissan! We even let you look up your likely trade-in value ahead of time, so you know what you’re in for.
So if you’re looking for places to trade in your car near Arlington Heights or Crystal Lake, Illinois reach out to our team of experienced and helpful sales staff at our Hoffman Estates car dealership today.