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Trade-in means that the dealer you buy your new vehicle from will sell your old one takes over and the amount he is willing to pay for it with the purchase price of the new car charged. The advantages are apparent. This reduces the price of your new vehicle and saves you the hassle of deregistering the old car and dealing with the sale. If the dealership agrees to trade in your vehicle, the process is as follows:
- You are looking for a new car.
- The dealer will determine the residual value of your old vehicle and make you an offer.
- The prices of your old and new vehicle are offset against each other.
- When you pick up your new vehicle, the old one stays with the dealer.
- Requirement: The vehicle is 100% yours and not financed.
Another possibility is the so-called trade-in premium or Conquest Bounty. However, you will need a vehicle to get them another brand. In this case, you get the money primarily for changing the car brand. So they were conquered by convincing them to switch brands.
Advantages and disadvantages
When you trade in, you often get something less moneythan taking care of the sale yourself. The reasons for this are, on the one hand, that the dealer also has something to do with the vehicle to earn and on the other hand that he would like to resell one Warranty must give. In some cases it is also possible to rent a car despite ongoing funding for sale. However, this should always be discussed with the car dealership and of course the financing bank.
Incidentally, if you sell an older used car, you may also get a little more money than with a private sale. After all, the dealership wants to retain you and therefore values customer satisfaction in order to build a good bond. When selling a car, you have to weigh up the costs and benefits of the two options. Both have their pros and cons!
The advantages of a trade-in are:
- Less effort.
- Often fair prices for older vehicles.
- Good sales opportunities.
In order to get a good selling price for a used car, you have to own the vehicle present optimally. The sales advertisement should be as exactly, extensive and with good ones pictures be provided. In addition, discussions with potential buyers, including test drives, can be time-consuming. If you want to save yourself this effort, simply leave the sale to the dealership. This then takes care of everything. All you have to do in this case is to have the necessary documents ready. In addition, the car dealership has a better chance of selling your used car because there must be a used car guarantee.
But there are also disadvantages:
- Binding to the dealer.
- Mixed calculation of the car dealership.
Of course, the car dealership will not only trade in your vehicle as a courtesy, they also want something in it to earn. When you trade in, you either get a particularly good price or the price is rather bad and in return you get a discount for the purchase of the new vehicle. At this mixed calculation Ultimately, however, the car dealership is about getting the largest margin for itself. On top of that, by trading in you bind yourself to a specific dealer. Maybe another car dealership has special offers at the same time, but refuses a trade-in? In that case, you cannot take all the benefits with you.
Preparation is A and O
In order to get the best price for yourself, it can make sense to already in advance Find out about the value of your old vehicle. One way to do this is by using the Schwacke list residual value determination to perform. That's even more accurate Opinion of a motor vehicle expert. The loss in value can be larger or smaller depending on the condition of the car. However, because you know the approximate value of your vehicle, you can appear much more confidently at the dealer. This is an advantage that should not be underestimated, especially when selling an accident vehicle.
So that you are not just the second winner when selling your used vehicle, heed the following tips:
- Don't be discouraged and set a minimum price in advance.
- The basis for negotiation should be the residual value of the vehicle - no unrealistic price expectations.
- Draw attention to any special equipment.
- Allow for room for negotiation.
Is a trade-in worth it?
A trade-in in connection with a new car purchase is usually a good deal for both parties. By handing in your old car, you will receive a discount on the new car. Also, you have to not yourself take care of the sale of the old vehicle and leave that to the dealer. A trade-in is often an option if the vehicle does not show any major damage and only needs a general overhaul. In this case, the effort for the dealer is limited and he can ultimately resell the vehicle at a profit.
But to say in general how much money you get with a trade-in is not possible. The price depends on various factors. This includes the age, mileage and optional equipment of the car, as well as its general condition. In the meantime, however, you usually get more from the dealer than if you sell the vehicle privately. However, this has only been the case for a few years and is probably due to the fact that buyers are skeptical about private sales without a guarantee.
Are you planning to buy a new car and are you therefore looking for financing? Or should the modified baby and its attachments simply have the best possible insurance? Then ours Credit, financing, leasing, insurance & Co. categories exactly the right place to go for information. And also cheap financing for Accessory parts is there. Is the new one forged wheel, the planned Airride air suspension or the one you want foiling too expensive? Then a little one might help Financing in the process of implementing the modification on the vehicle. And also the topic Leasing or the vehicle sales are not neglected here. Just click through the posts and get the answer to your questions.
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