0
0
If you have an old car and you are thinking of buying a new one, you might want to consider the trade-in system that more and more car dealers have in their portfolio. Through this system, you bring your old car in to exchange for a new one. The car dealer evaluates the old car and gives you the opportunity to pay the difference in money, up to the value of the new car you want to purchase.
Through this service, many car dealers offer their clients the possibility to trade their old cars either with a new one or with a certified used vehicle.
One of the great advantages of this solution is that you will benefit from a quick evaluation of your car, a fair price, as well as from the de-registration services. Some car dealers even offer you the possibility to bring into the trade-in system a car that is in a financing system, and the company you are negotiating with will take care of paying off the loan and running all the necessary formalities.
The value of the old vehicle is considered an advance payment for the new one, and dealers can offer you the possibility to pay the difference either from your own funds, or by getting a loan.
If you want to sell your old car, you should definitely consider the possibility of selling it to a used auto broker through a trade-in system. It is a solution by which you bring your used car to the respective dealer, which evaluates it and pays you for it. In some cases, you may not even be required to purchase another car from that dealer. There are also dealers who, if customers do not agree with the price they offer and believe that they can get more on their own, still stay with them and help them with the advertising of their vehicle on the used vehicle market. But there are also car dealers who impose on their clients the brand of the car they can purchase, or force them to buy from their dealership, so be careful.
When you are determined to trade your old vehicle for a new one, the first thing to do is to bring the vehicle for a technical evaluation. Depending on this assessment, which relates to its external appearance, technical condition, the mileage and the vehicle’s history, a price offer is made. An important aspect is that the vehicle has not suffered a major accident, which may have caused a weakening of the body structure. Additionally, dealers usually set a maximum age for the vehicles they accept.
This technical evaluation of the car is completely transparent, and paid for by the dealer.
After the technical evaluation comes the financial part, which consists in getting an offer for a new vehicle. If the value of your old car is much too low compared to that of the new model, you may be required to pay a certain sum of money in advance. The last thing that must be done is to pay the rest of the money, or the related loan rate, according to the agreement you sign.
