If you want to trade in a car, then our team at Porsche Stevens Creek can help. A trade-in deal can be an excellent tool to improve your financing plan when it’s time to purchase a new car. You can trade in your old car if it is still new or several years old. You can even make a trade-in deal if you still have an active car loan.
Should You Trade In Your Old Car for a New Porsche At Your Porsche Dealership?
Your dealership is the best place to complete a trade-in deal. When you trade in your vehicle at your dealership, the process is much easier than selling your car privately. At the dealership, all the paperwork is done for you, whereas selling your car privately means you have to search for reliable buyers. Other advantages of a dealership trade-in include:
No Repair Costs
If your old car needs major repairs that you simply can’t afford, then a trade-in is a great option. While the valuation for your old car might be lower because of required repairs, your dealership will still allow you to trade in your old car, and you will still save significant money by avoiding repair costs.
Reduce the New Vehicle Price
A trade-in valuation can also reduce the price of your new vehicle. When your old car is sold to the dealership as part of a trade-in deal, the value of that sale can be applied to the price of your new car to reduce the sticker price. Some drivers may even use a trade-in valuation in place of a down payment or combine a trade-in valuation with saved cash to make an even larger down payment. This method can drastically reduce your new auto loan, making your monthly payments more manageable.
What Is the Best Time to Trade in a Car?
In general, the best time to trade in your old vehicle is when you will get the most money for the trade-in deal. The value of your old car is based on several factors, such as the age of the vehicle, the mileage on the odometer, and the overall condition of the car. If your old car happens to be relatively new or has very few miles on it, then you will likely get an excellent trade-in offer. You may also want to consider the existing car loan you have on your old vehicle.
Trading in your old car at your dealership is a reliable, hassle-free strategy that can reduce the overall cost of a new Porsche. Contact Porsche Stevens Creek to discuss the trade-in process today.
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