Are you thinking about moving on to your next set of wheels? If you're trying to decide whether or not it's better to sell your current commuter on your own or trade it in to a dealer, the Car Town KIA team has drawn up the following information to help you out. If you call Nicholasville, Lexington, or Frankfort, Kentucky, home, continue reading to learn about the key benefits of trading.
If you decide to sell your ride on your own, you will have to go through the process of advertising that it’s for sale, showing it to a series of prospective buyers, and waiting for someone to make an offer. Not only does trading it into a dealer mean that you don’t have to do any of that, everything can be finished in a single visit.
In a lot of states, it’s possible to have the value of your trade-in deducted from the purchase price of your new daily driver. This is made possible by the fact that you would only have to pay sales tax on the difference between the two. This would not be the case, if you were to sell it on your own.
When selling to a private party, you will be expected to have the model thoroughly cleaned and detailed in order to make the best possible impression. This will not be necessary when going through a dealership as this will all be taken care of by them.
Going through a dealer means that you’ll have a significant opportunity to get the best possible offer for your ride, due to the fact that the offer you receive will be based on industry pricing for what it is currently worth. Offers that you receive from a private party aren’t based on the trade-in value and could be considerably lower than what you’re expecting.
When you visit a dealer, you’ll find that you have several options to choose from when it comes to financing. This is not necessarily the case, if you were taking a loan out on your own. On top of that, you would have a lot less to pay back, if you had a trade-in.
In the event that you have any questions regarding the information that we have just provided for you, you're welcome to reach out to Car Town KIA via phone call or email. We'll get those answered for you right away.
Now that you are more familiar with some of the advantages that come with trading your mode of transportation, we would like to invite you to go through the process with our supportive team. We are all about assisting our neighbors throughout Frankfort, Nicholasville, and Lexington, KY in any way we can.
Contact us today to schedule a test drive.