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If you’re looking to buy a new vehicle from your Ford dealer, then you’re probably also trying to decide whether you should trade in your old vehicle or sell it privately. There are lots of benefits when you trade in a car, and we’d like to talk you through them now to help you make your decision.
Buying a New Ford? 5 Reasons to Trade In Your Previous Vehicle At Your Ford Dealer
1. It’s Fast and Convenient to Trade in a Car
When you want to trade in your vehicle, there isn’t much you have to do. You need to head to the dealership, have your car valued, sign some paperwork, and that’s pretty much it. You won’t have to advertise to buyers and talk back and forth with potential buyers.
2. It’s Fantastic Financially
Dealers use lots of aspects of your vehicle to determine its value. We generally take into account the vehicle’s condition, the model year, the packages and accessories, the mileage, and things like that. We then use this information to give you the best offer possible.
When you accept the offer, the amount of money you get for your old vehicle will come off the asking price of your new vehicle. You may have to pay less per month when financing your new car if you can shave off a chunk of the price upfront.
3. It Comes with Tax Benefits
Your tax liability is lower when you trade in your car versus selling it privately. How much you save varies depending on the value of your car. It can be as low as a few hundred dollars for a low-value car and $1,000 or more for a higher-value one.
4. It Eliminates Wait Time
It takes time for the right buyer to come along and snag your car. If you’re relying on the sale of your old car to help you purchase your new one, then you might be waiting a while before you can buy your new ride. When you trade in, you eliminate that wait time. You can talk to your dealer about financing a new car the day you trade in, letting you get your new car sooner rather than later.
5. It Ensures a Secure Transaction
When selling a vehicle privately, you have to vet buyers yourself to make sure they’re trustworthy. With a dealership, you don’t have to worry about this. Dealerships are legitimate businesses, meaning all transactions are secure, and you don’t have to worry about your personal or financial safety. A Google search can tell you whether or not a dealership is trustworthy, but it’s not that easy when selling privately.
If you want to trade in your car and get money off a new Ford, then come by Jordan Ford Ltd. We’re eager to help you trade in your old car for a shiny new Ford.
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