Can I Trade My Car In for Another Car?

 

When you’re currently reviewing your options for the next car to take on the roads of Fort Myers, Venice, and North Port, FL, there’s a lot to think about. Of course, you’ll need to think about what to do with your current car. You may even ask yourself: “Can I trade my car in for another car?”

At Norm Reeves Volkswagen Superstore Port Charlotte, we’re here to help you learn more about the trade-in process with how it works, how it can help you, and how you can get behind the wheel of your next car.

Should I Trade My Car In?

You have a few options when you already have a car and you’re in the market for a new one. You have equity with the car, so you could always sell it, or simply give it to a family member. If you plan to sell it, you’ll need to find out its value and advertise it online and in weekly publications. From there, you’ll have to weigh out the offers to see which one would be best for you.

There’s a lot of responsibility to selling your vehicle. However, when you trade your vehicle in, the responsibility is all on the dealership, and it’s a simplified process for you. It’s a way to ease into your financing experience.

How Does a Trade-In Work?

If you plan on trading in your vehicle, you’ll want to know what it’s worth. You can use our “Value Your Trade” tool to get started. It’s a form that asks for your vehicle’s mileage, year, make, model, VIN, and condition. It’ll then calculate those factors to present you with a close estimate of your vehicle’s Bluebook® value.

Once you have the value, you’ll be able to consider your options and get started on the experience of buying your new car while trading in your old one!

The Benefits of Trading In My Car

Trading in your vehicle eases you into the financing experience. You’ll want to let the sales associate know that you plan on trading in your vehicle, so they can get started on the appraisal process and have your vehicle inspected so the value can be verified.

Once you have the actual value of the vehicle, you’ll be able to use it toward the down payment on your new car. If the value of your vehicle exceeds the expected down payment, you have a few options to consider:

  • Purchase an extended warranty
  • Select an available package
  • Put more down to help lower your upcoming monthly payments
  • Pocket the remainder

Trade Your Vehicle In Today

Now that you’re familiar with the trade-in process and how it can help you with the financing of your next car, you’re ready to get started! First, you’ll want to Value Your Trade and browse for your next car. Once you find a vehicle that interests you, schedule a test drive to see how it handles on the roads near Venice, Fort Myers, and North Port, Florida!

Schedule your test drive with us at Norm Reeves Volkswagen Superstore Port Charlotte today!

 

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