Should You Trade Your Car In, or Sell It?

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Posted in: Automotive Curiosity

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Deciding what to do with your old car can become a bit of a difficult decision. There are a lot of options out there for the everyday vehicle owner, but here we are discussing two main options: should you sell your car, or should you trade it in to a dealer?

Trading in your car can be a good decision, but it is not always for everyone. It is a quick fix and can bring with it several benefits. However, there are a few consequences as well. One of the biggest is the fact that you will not see the full value out of your used car.

If you decide to go about selling your car, you will have to put a lot of effort into the ordeal. It will bring more cash for your vehicle as well. However, the paperwork and chores can be a bit overwhelming for those who tend to be excessively busy. You will need to gather paperwork, and will probably need to obtain a vehicle check to show potential buyers details about your vehicle’s past.
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Trading Your Car In

If you find yourself to be way too busy to place ads, find potential buyers, and gather or sign paperwork, then trading your vehicle in is probably the best way to go. This process tends to be incredibly simple, and can benefit you if you are in the process of buying a car from that particular dealer. Many will offer you a trade discount on a new vehicle, or will use your old vehicle as a down payment. They take care of most of the paperwork, and the process is completed within a day for most. You must remember that the dealer will need to resell your vehicle for a profit; this means that you will not get the full cash value for your car. If you really need the cash, you should opt for selling your vehicle by yourself.

Selling Your Car on Your Own

If you have a little extra time, you should most definitely try this route. Even if time is not on your side, there are still other options out there. When I wanted a new vehicle, I decided to sell my car with autotrader.co.uk so that I could take care of the process quickly and easily; while also seeing a decent price for my car.

If you decide to go about this process completely on your own, you can place free ads all over the internet. Generally, you will find a potential buyer quickly. Make sure that you have already performed necessary mechanical work, cleaned your vehicle, and have gathered all of the necessary documents and paperwork. This will make the process much faster for you and the potential buyer. When they come to view the vehicle, show them all of your previous maintenance receipts to prove that it has not been neglected while in your name. If all goes well, the new owner will drive off with the car and you will have the cash in hand.

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