4 Benefits of Trading in Your Vehicle at Your Honda Dealership

1. Saves Time

The most time-consuming part of trading in your car is researching the vehicle’s market value. Once you’re armed with that knowledge, you can head to the dealership, get your car appraised, negotiate a good price, and sell the vehicle. If you arrange financing beforehand, you could get a new car in the same visit. This whole process can be done in a day or two.

Selling a car privately can take weeks or potentially even longer. You need to create ads, get them seen, and then talk to prospective buyers. Accompanying buyers on test drives can be time-consuming, and then you need to navigate the financial aspect. It can take even longer if you need the new buyer to take over your car loan.

2. Skip Repairs

Selling a car can cost you some money up front, as private buyers tend to want a car that’s in perfect condition. You’ll have to fix every tiny thing wrong with it to make prospective buyers happy, as people usually don’t want to spend money fixing a car they just bought.

It’s easier for dealerships to fix cars they’ve just bought, so some dealers will buy a car even if it has a few small problems in need of fixing. There are facilities right there on the premises where the car can be fixed up with ease. So, if your car has no major problems but does have a few minor issues, then trading in your car instead of selling it may let you forgo getting these minor repairs.

3. May Cover Your Down Payment

If you need to drive, but you don’t want to keep driving a car you’re about to sell, you’ll need a down payment and financing to get a new car. Many buyers choose to fund this down payment with the sale of their old car. Trading the vehicle in can often also give you enough money to pay the down payment on a new vehicle, so you don’t need to spend time waiting for the money from a private sale to cover the down payment on your next car.

Need to get your old car off your hands before buying a new one? Come trade the old one in at Honda of New Rochelle in New Rochelle, NY.

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