For many people who are currently considering purchasing either a new car (or a car that is new to them), the universe of trade-ins is unduly confusing. Trading in your old car can be a great way to essentially knock off a significant amount from the total cost of your new car. At LotPro.com we have access to a number of new car dealerships, many of which take trade-ins.
There are a couple of main things one should consider regarding trading in a vehicle. First and foremost, is the vehicle still useful to you? If you only have one vehicle and you need two, it may not be helpful to simply "swap out" your vehicles. If the car you are considering trading in runs well and is paid off, are you sure that trading it in is the best way to utilize it? In other words, is the vehicle worth more to you as an additional means of transportation than as a source of additional savings?
Another one of the major considerations when it comes to trading in a vehicle is whether or not you want to try and sell it outright on your own. Any casual look at Kelley Blue Book values will show that you can always get more money selling your vehicle outright than you would get by trading it in, but there is a trade off--pun intended. Selling your vehicle outright can take time, and it is more of a hassle than simply handing the keys to the dealer at the car lot.
If you are still unclear about whether or not you want to trade in your vehicle, you might want to just speak with a dealer representative. Tell them your concerns, and ask for an honest opinion. At LotPro.com we can help you find a great dealer that has the car of your choice, and we can help connect you with dealers who are more than willing to accept your trade-in.