If you're looking for the pros and cons of selling versus trading in your vehicle, you might be thinking of upgrading your current right. Well, deciding between selling and trading in your vehicle is the right and perfect step you should start with.
A smart decision is to take advantage of your old vehicle and use its value towards your vehicle brand. This way, you reduce the expected monthly payments, taxes and save up a lot of space.
This article provides you with the main pros and cons of selling VS trading-in your vehicle. Depending on your goals and current needs, you can decide what's better for you since every vehicle should be treated separately, and there is no one correct answer for everyone.
Do your homework
Before you decide whether you should sell your car privately or trade and, there are a couple of things you have to prepare first to influence your final decision.
You want to be upfront with yourself and understand the actual real value of your vehicle. You don't want to be biased about some problems you think are simple and overestimate your vehicle. At the same time, you don't want to underestimate your car and think it's worthless just because it has a couple of problems.
You can either use some available online tools for free, which help you evaluate your car based on its type and condition along with the mileage sometimes. Or, you can get a more accurate inspection by visiting a professional mechanic who can evaluate your vehicle and point at the major problems your vehicle suffers from. He will also provide you with a range that you should expect and have in mind with selling your vehicle.
Pros and cons of selling versus trading in your car
Now you have a good understanding of your car's value, and you can move on and check between the pros and cons of selling versus trading in your car.
Trading in your car
Trading-in your car means that you give your old car to a dealership, and they take its value and put it towards your brand-new vehicle.
There are many pros involved in this process, but at the same time, it has its drawbacks.
Pros Of trading in your car
If you decided to go with trading in your car, you choose the most convenient and fastest way among other approaches.
The dealership will be the same agency you have to deal with selling your old car and purchasing a brand-new car.
In other words, you don't have to worry about preparing numerous paperwork and dealing with different people to get these deals completed. It's only one person who is aware of the entire story.
Thus, if your plan when getting rid of your old vehicle is to purchase a new one, it might make sense for you to trade it in as it doesn't require a lot of time or effort. They will take care of all paperwork and the title transfer process.
One of the biggest benefits of trading in your vehicle is that you will end up with fewer monthly payments, and you will reduce paid taxes because you made a bigger down payment.
Cons of trading in your car
While trading in your car might sound like a great option, there are a couple of drawbacks you need to be aware of.
Dealerships hire very smart employees who are willing to negotiate the price very good. In other words, if the price is your top priority when it comes to selling your old car, you might not need to go this route because you will end up with a much lower offer than what you're expecting no matter what.
Dealerships are aware of the market's current value and can pinpoint tons of problems in your car to reduce the price significantly.
Also, dealerships are not willing to purchase damaged business, and even if your vehicle is in good condition, they will still find problems with it. Therefore, if you know that your vehicle is suffering from many problems, it's not worth spending any time negotiating with the dealership to trade it in and value your new vehicle because it's not a lot.
Selling your car privately
With the current advanced technology and available online platforms, selling used vehicles is getting a little easier than before. However, there are still some tips and tricks you need to keep in mind when selling your car privately so you don't fall into millions of common scams.
Pros of selling your car privately
The biggest adventure you will get when selling your car privately is the price. You will sell your car whenever you're ready for a buyer who will pay you the number you're interested in. It will just take you more time until you find the right buyer.
When selling your car privately, you have tons of options to choose from, including classified websites, Facebook marketplace, or even junk car removal companies.
Depending on your experience and the platform you are interested in and or comfortable with, you can choose to go with it.
Private buyers tend to pay more money for your vehicle than dealerships, and if you have some talking points during the negotiation process, you can't easily get a good and decent price. Again, it will not happen within days, and it will take you time before you get the right buyer.
The other good thing about selling your car privately is related to damaged or vehicles with many problems. As we mentioned earlier, dealerships are not going to purchase a vehicle that has tons of problems.
By choosing to sell your car privately, you can find a buyer. For instance, if you decided to go with car removal companies, they are willing to purchase your car despite its type or condition, and they will pay you in cash, which is safe and fast.
Cons of selling your car privately
On the other hand, selling your car privately involves a lot of hassle, especially if you are new to the car selling market.
The process's timeline can be very long and might take you a couple of months before finding the right buyer on Craigslist. Also, there is a high chance that you will deal with multiple people until you find a serious Buyer.
The other thing is that many people don't find it comfortable to meet with strangers in their private property when selling their used vehicles because there are many criminals out there, making the car's process a little unsafe in some situations.
The online market is filled with scams that anyone without the required experience might fall into. Therefore, if you decided to sell your car yourself, we advise you to go through these scams that we've talked about in a different article and be aware of them.
Why selling your car to Cash Cars Buyer is worth it?
As you might notice from the sections above, every car selling method has its problem and cones. Therefore, choosing between selling versus trading in your car can be a little tricky without understanding the entire picture.
Based on our expert opinion, we advise you that selling your car to a junk car buyer should be your way to go because it doesn't have all the hassle that we've talked about when selling your car privately. At the same time, you are guaranteed to receive an offer that represents your vehicle's actual worth.
Even if your vehicle is not in great condition, our company is willing to purchase it and provide you with the payment your vehicle deserves.
Our company's best thing is that we told vehicles for free for all customers to allow them to enjoy their payment completely without hiding any fees.
Sometimes people get confused about our company's name and think that we only buy vehicles in bad condition. However, we buy any vehicle, whether it's operable or not. We are willing to pay up to $15,000 for the right vehicle!
How does our process work?
Our process is very straightforward and doesn't take more than a couple of minutes to test your vehicles offer using our online form that you can find on our home page by clicking on getting an instant offer. Or, you can get in touch with our team by phone and receive your offer verbally.
Once you receive the offer, we allow you as much time as you need to decide on whether you're happy with the offer or not. If you decided to move forward, we will coordinate with you and schedule a pickup time and location.
As a pickup time, we will inspect your vehicle quickly and hand you the cash payment immediately and right on the spot.
I didn't touch with our team today and received your instant offer! It's free!