It can be exciting to think about purchasing a new car. Now, the big question…”What am I going to do with my current vehicle?” There are typically two options when considering what to do with your current vehicle. You could sell it to a private party or trade it in when purchasing a new car at a dealership.
Which one is best? There are pros and cons to each of these options. Although, only you can decide what is best for you, these tips may help:
Selling the vehicle, yourself will ultimately leave you with more cash in your pocket. Finding a buyer is sometimes a challenge since they will have to either pay cash or get a loan outside of a dealership, which is a bit less convenient for both the buyer and seller. A dealership trade-in is no doubt quick and easy. Selling to a private party can take weeks or longer, and you will need to be available for showings and test-drives with potential buyers on a short notice.
While it is a difficult decision, making the right one may save you thousands of dollars or offer the ultimate convenience. In almost every case, the money received when selling a car to a dealership is a significantly less than if sold to a private party. On the other hand, if the vehicle is in low demand and/or in poor condition; selling to a dealership may be the best option.
Visit Andy’s Auto Service online at www.andysautobridgeville.com for more tips on automotive purchasing, maintenance and repair.