Trading your car in might not seem to have many benefits. You may be worried a Kia dealer can’t give you as much for your car as a private buyer. You might be short on time or unable to meet with possible buyers. As with anything in life, trade-ins have pros and cons.

Benefits of Trading-In Your Car

When you set out to sell your car, you may want to consider the advantages of trading-in your car. Bismarck auto dealers can offer you a great advantage by making it easy to sell your car without having to deal with lots of different people. Trading-in your car will save you the hassle of listing your car in the classifieds or an online site, and then waiting for someone to buy it.

Trading-in your car will also save you time. When you sell privately, you must take pictures and place a listing. Then you must field phone calls and show the car. The whole process can take up more time than you can afford.

A final benefit is having the money you make directly applied to the cost of a new car. There’s no going to the DMV to file the sale prior to purchasing the new vehicle. Believe it or not, you can even negotiate the trade-in value when you bring your car in.

The pros of trading-in your car often outweigh the cons; however, it is important to know that there are a few concessions you’ll have to make.

Drawbacks to Trading-In Your Car

The downside that comes to mind immediately is the fact that you will get less for your car when you sell it to a dealer. A private sale will allow you to maximize your profit. A dealership will count mileage and condition heavily against you, and, in the end, give you less for your vehicle.

This option also means that you’re limited to choosing a car at the establishment you trade-in your car. In the end you may have to settle for an option less ideal than you’d like. If you would like to buy a rare car, this could be an issue.

If you still owe money on your car, trading it in won’t take money off your new car purchase. In this case, the trade-in may or may not cover the amount you owe on your current car. The result may be a loan for more than your new car is worth.

A last drawback is that very common cars may net you less credit. If the dealer already has many vehicles like the one you want to trade-in, you won’t get as much. Dealers give you credit for your car based on how easily and for how much they can sell it. Cars that are a dime a dozen won’t get you as much on trade-ins.

Use Your Judgement

In the end, it’s important to use your best judgement and choose the option that suits your needs. Whether you choose to sell your car privately, or trade it in, shop Bill Barth Kia for your new and used car needs.

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