Sell or Trade Your Car Hilliard

Should I Sell or Trade My Car?

Answering this question requires understanding the difference between these two options. Both require an exchange but what you get out of each is drastically different.

When you sell your vehicle, you’re exchanging your current vehicle for cash. This option is a good fit for those who no longer need a vehicle (or a second vehicle). It’s also a smart choice for those who need the cash for an exciting next step in life like buying a house.

Trading your vehicle in, on the other hand, is more of an equal exchange. When you trade in your current vehicle, you’re exchanging it for another vehicle on the dealership lot. So, you’ll walk (or drive, rather) away in the same position as when you arrived.

How to Sell Your Car near Hilliard

Like we’ve already discussed, selling your car to a dealership like ours is a great way to make some cash. Before starting the process, you’ll want to take the following steps to get the most bang for your buck:

1. Decide between a private sale or selling to a dealership.
2. Make your car shine by cleaning it out, replacing old parts, and detailing the interior.
3. Get a preliminary idea of how much it’s worth using an online valuation calculator.

If you decide to go with a private sale, the fourth step here would be advertising your vehicle and setting up test drives on your own. When selling to a dealership, they take care of all the legwork here.

The Benefits of Trading in Your Car

If you’re in the market for another vehicle to replace your current one, then trading is the option for you. Rather than selling your vehicle, pocketing the cash, and then setting out on a lengthy search and purchase journey, you can do it all in one easy transaction with a trade-in.

Just like with selling your car, you’ll want to figure out where to trade. Trading vehicles in the traditional sense cannot be done privately, but the vast majority of dealerships offer this option. You’ll want to find one you like, get your car up to par with a little elbow grease, and then determine how much your vehicle is worth. Then, you’ll be ready to trade!

One additional benefit to consider with this option is the potential of a tax break. With most trade-ins, you’ll likely only pay taxes on the portion you pay out of pocket. For example, if your trade-in is worth $10,000 and the vehicle you want is $25,000, you’ll only pay taxes on $15,000 of that.