Pros and Cons to Trading in Your Old Vehicle

When it comes time to purchase a new vehicle, you can’t do better than the pros at any of the Chapman Las Vegas dealerships. They have the best inventory, excellent customer service and will bend over backwards to help you get a phenomenal deal. While the used car managers at the Chapman Las Vegas stores will give you the best value for your trade-in, there’s no doubt that sometimes you can get more for your old vehicle by selling it yourself. Whether you want to put up with the hassle and safety concerns of dealing with strangers is another matter.

What Could Go Wrong?

If you’re asking yourself whether or not to trade in your vehicle, consider the pros and cons of selling it yourself. True, posting an ad online or in one of many different used vehicle publications might get you more money for your trade, but is your effort worth the time and trouble? When you trade a vehicle in, you know you are dealing with a reputable business that will pay off any remaining money owed on the vehicle and properly transfer the title and registration. When selling to an individual, you either need to pay off the amount you owe beforehand or arrange to meet someone at your lending institution and then pay it off. Another issue is safety. When you are dealing with people that you meet on the Internet, you need to take special precautions such as meeting in a public place, insisting on cash (which can mean you’re walking around with thousands of dollars in your pocket) and ensuring that all the proper paperwork is filled out correctly. If the department of motor vehicles doesn’t receive notice that the title and registration has transferred, you could find yourself in a mess if the vehicle is ever used in the commission of a crime.

You Want to Get the Best Deal

Going to a reputable dealer like any of those in the Chapman Las Vegas family ensures you will be treated fairly. There are a number of websites you can go to for a rough estimate of what your trade-in is worth, but that number can vary greatly because of several factors. One factor is the condition of your vehicle. Most car owners are pretty generous in rating their vehicle as “good” or “excellent” when figuring up the trade value online. Dings, dents and stained interior are just a few things that can bring the value of your vehicle way down. You might ask a friend to give you an objective rating on the condition of your car when figuring trade value. Another factor that affects the value of your trade is the current market. If you are trading in a 2013 Dodge Grand Caravan and the dealer has 30 Grand Caravans on the lot, that can certainly affect the value of your trade. As a starting point, get an estimate of your vehicle’s worth online and then take it in to any of the Chapman Las Vegas dealerships. Once you get an idea of how their offer compares with your estimated worth, you can make a decision whether to trade it in or sell it yourself.

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