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Trade-in vs. Private sale North Carolina

You may receive a higher price but like most things, it will require additional work.

Local Companies

Rainbow Auto Spa
(704) 922-0740
236 Hickory Lane Drive
Mount Holly, NC
Roanoke Valley Auto Trader
252-535-4546
Online
Roanoke Rapids, NC
Sanders Ford
(910) 478-4111
1135 Lejeune blvd
Jacksonville, NC
Neil's Paint & Body Shop
(704) 279-5605
1685 Kluttz Road
Faith, NC
Neil's Paint & Body Shop
(704) 279-5605
1685 Kluttz Road
Faith, NC
Nissan of Hickory
888-324-5041
1555 Hwy 321 North
Hickory, NC
City Chevrolet Company
(704) 536-1410
5101 East Independence Boulevard
Charlotte, NC
Folger Automotive
(704) 536-9635
5701 East Independence Boulevard
Charlotte, NC
foreign cars italia
(704) 535-7100
5216 East Independence Boulevard
Charlotte, NC
Town Square Ford Lincoln Mercury
704 735-8091
1129 East Main St.
Lincolnton, NC

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2000 Pontiac Firebird
(Continue to more photos from MyRide.com)

 

There are two basic choices when deciding what to do with your old vehicle: sell it privately or trade it in.

Sell it outright

You may receive a higher price but like most things, it will require additional work. First you must establish a value for your vehicle. Check with a reputable used car price guide such as Kelly Blue Book, online or at your local library. Watch your local newspaper's automotive advertising section for similar vehicles. It will help you set a fair price based on your local market.
Be honest about the price and condition of your vehicle. You don't want to scare away potential buyers with an unrealistic price.

Advertise your vehicle in the local newspaper or auto sales magazine. Be sure to list the make, model and options, along with other pluses. Low mileage and certain features will raise the price of your vehicle.

Prepare your vehicle for resale by having the car cleaned and detailed by a professional detail shop. Having your car cleaned gives you an edge over other vehicles in the market. An attractive car can justify a higher selling price.

Trading in your vehicle

This may be a sensible way to go; the only drawback is that you may not get the best price. Trade-ins are easy because the dealers do all the paperwork and title transfers. You also walk away from the vehicle without any continuing liability. When you trade in, in some states you may be able to save on the sales tax of your new vehicle. The amount of tax may be based on the total sales price. This price may be reduced by the amount of the trade-in; thus less taxes would be assessed. The value of your trade can also provide you with a down payment for the new vehicle, provided you have equity in the vehicle. Remember, when you trade in you will generally receive less for your car than you would if you sold it outright. The dealer who accepts your trade must build in a margin for profit if he is going to resell your old vehicle. You will typically receive what is known as the wholesale value for the vehicle. Trade-ins are easy but you will pay for that convenience.

By: Staff

 

Continue and select a type of Kelley Blue Book value

Trade-In Value
The value you may expect to be offered by a dealer when trading in your own used vehicle.

Private Party Value
The value of a used vehicle in a transaction between two consumers.

Suggested Retail Value
The asking price you may expect to find when shopping for a used vehicle from a dealer.


Continue to Trade-in vs. Private sale Review from MyRide.com

Featured Local Company

Rainbow Auto Spa

(704) 922-0740
236 Hickory Lane Drive
Mount Holly, NC
www.rainbowautospa.com
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