4 Benefits of Trading in Your Vehicle at Your Toyota Dealership

Privately selling a car and choosing to trade a vehicle in at the Toyota dealership are both good options when you want to get your old Toyota off your hands. There are benefits associated with both, and the trade-in benefits are sure to appeal to a vast group of people.

1. Your Trade-in Benefits by Saving Time

Trading in your car is streamlined and convenient. You don’t have to act like a salesperson and create a listing for your car, chat with buyers, go out on test drives, and do everything else that comes with privately selling a vehicle. All of that can take weeks, but trading in your car only takes a few hours or less.

You just need to research the market value of your vehicle before you visit the dealership, giving yourself the power to negotiate. Once you arrive at the dealership and announce that you’re ready to trade in your vehicle, everything there is quick and straightforward. The most you have to do now is negotiate a decent price.

2. Your Trade-in May Let You Save on Repair Costs

You always need to fix major problems before trading in your vehicle, but you might be able to trade in without paying for minor fixes, such as replacing wear-and-tear components. Dealerships are sometimes more lenient than private buyers and could be willing to pay for a vehicle that needs some TLC.

3. Your Trade-in Could Let You Downsize for Free

If your needs change, and you want to downsize to a smaller or simpler vehicle, then you could, potentially, get the new vehicle for free or for a low price. This applies to people who bought their trade-in in the last few years, so you’ll still get an exceptionally fair price when you trade it in. The amount you get when you trade it in may just be high enough to cover the cost of the car you’re downsizing to.

4. Your Trade-in Can Lower the Sales Tax

There are no tax benefits if you sell your car privately and use the money from the sale to help fund your new vehicle. It doesn’t matter if you can pay $10,000 off a $30,000 car up front, to give an example using random numbers. However, if you trade in your vehicle for $10,000 and apply that trade-in credit to a $30,000 car, then you only pay sales tax on the remaining $20,000 of the vehicle’s value if you’re buying a new car and not a used one.

Come enjoy all the benefits of trading in at Toyota of Kent in Kent, OH. We open at 9 AM six days a week.

Tags: Toyota Dealership in Kent OH, Trade in
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