Your vehicle has been by your side for years. Through road trips, life events, and commutes, your car has seen it all. But sometimes, it’s time to get rid of the old to make way for the new. The question of what to do with your old vehicle doesn’t always have an easy answer. There are pros and cons to selling vs. trading, and to help you make your decision before you choose your new ride, we’ve listed them below.
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Pros of Selling
Maybe you’re moving or looking to get rid of a car altogether. If repair bills are soaring or you no longer need the vehicle, selling it can help you avoid costly repairs or moving costs.
Cons of Selling
Choosing to sell privately can be more hassle than it’s worth. You’re stuck doing all the work yourself, and you may not even end up getting the money you want for your car. A workaround
Pros of Trading
The main reason people prefer to trade in their vehicle is because it’s so convenient. Bring your used vehicle into the dealership and they will do a quick appraisal of the value. If the numbers are right, all you have to do is find your next vehicle and apply the trade-in value. Be mindful that any damages or needed repairs will be taken off of the trade-in value you’re offered.
Cons of Trading
As easy as a trade-in is, it can have a few downsides. First of all, you might get less for your trade-in than if you were to sell the vehicle privately. That’s because you’ll be offered the Kelley Blue Book Value for your trade without any consideration for modifications or recent repairs going into the value.
Sell or Trade at Carnamic
Whether you’re planning to sell or trade – or just want to go over your options – you can always count on Carnamic to offer the best experience. First, use our online tool to calculate your car’s value. Next, you can make an appointment at any of our Bay Area dealerships to check out our selection of new and pre-owned vehicles and confirm the offer. We make selling and trading easy, and we can’t wait to work with you! You can even finance your next vehicle in a few easy steps. Contact us today to learn more or get started.
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