The truth that every car owner has to embrace is that one day, they will have to let go of their much-loved vehicle. The dilemma, however, comes in when you have to choose whether to trade your car in or sell it. Should you trade-in your used car or should you sell it? Help yourself with the following insights before making your decision.

Illustration for article titled Complete Guide to Trade-in Car
Advertisement

How to Trade In A Car for Cash

Before you try to sell your car to a car buyer near you, you might be considering trading in your car. The car trade-in process is mainly made up of four steps. These are:

  • Knowing your car trade-in value: Since dealerships are known to offer low prices, it is usually up to the car owner to contact online pricing experts to get the right value for their trade-in. The sad truth, however, is that very few car owners trade in their car for the price that it is worth.
  • Looking for the trade-in the quote: It is then up to you look for the best quote for your trade-in. Again, due to the low price each dealership will offer, you might end up spending too much time getting the best quote.
  • Settle on an offer: After going through all the offers dealerships have proposed, you have to settle on the one that you feel is best.

Close the deal: The dealership will let you know everything you need to do for the remaining part of the trade-in process. This could be setting up an inspection which involves you towing your vehicle into the dealership.

You should also know that it is not guaranteed that the dealership will accept your car even after you have gone through the whole process. So getting cash for a junk car might be more profitable in this case.

Advertisement

You can then use that cash to rent a new apartment - as an example. Or a brand new car.

Dealerships do not consider maintenance and repair costs

Once you have decided to trade in your used car, be sure that you cannot recoup any money spent on car maintenance and repair costs. The only hope you have of getting some extra cash for the unique customization you have on your car is selling it to a buyer like IVAutoInc.

Advertisement

Trade-in Non-Running Car

Illustration for article titled Complete Guide to Trade-in Car
Advertisement

Can I Trade In A Non-Running Car?

Of course, you can, but what does it take? Trading in a car that doesn’t run is easier said than done.

Advertisement

Think for a minute about towing fees because you obviously cannot drive your car to the dealership.

Another problem is that since dealerships can’t exactly tell the value of a car that doesn’t run, they will most likely offer you a very low price for your car.

Advertisement

Should I Fix My Car or Sell It?

Well, something that most vehicle owners do not know is that when trading in a used car, any money that was spent on maintenance will not be considered.

Advertisement

If you are wondering why, it is because as the owner of the car, you are responsible for any repair or maintenance cost incurred on your vehicle.

You might get your car fixed or upgraded before trading it in, the dealership will not factor these in when making you an offer. You need to decide if it’s worth it to sell your car as-is.

Advertisement

IVAotoInc Buys Cars in All Conditions

IVAutoInc buys used cars even if they are not running. We actually tow your vehicle for free regardless of where it is. Our specialty is buying damaged cars from individuals, companies, and institutions at fair market value. Whether you have a wrecked car, truck, van SUV, or a late-model car, visit IVAutoInc.com today to get a guaranteed free offer.

Advertisement

We also make sure that you get paid immediately we pick up your car. It only takes 24-48 hours to pick up your car after you have settled on an offer. So get an offer for your car now to see how much your car is worth.

Share This Story

Get our newsletter