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Advantages of Trading in Your Vehicle

May 18, 2021 · 4 min read

When it comes time for a new vehicle, chances are you're not going to keep your old one around. That means either putting it up for sale yourself or trading it in at a dealership like Coulter INFINITI. While there are some perks to selling your vehicle, trading your vehicle in has its advantages.

You'll Have More Financing Options

For some buyers, securing the right financing is one of the more frustrating parts of buying a new vehicle. Trading in a vehicle at a dealership not only broadens your financing options but also becomes a cheaper way to get behind the wheel of your next vehicle. A trade-in reduces the amount you'll need to finance, giving you more flexibility when it comes to choosing the vehicle you want and ultimately repaying your loan.

You'll Spend Less on Detailing

While it's always a good idea to have your car looking its best at trade-in time, most dealerships already expect to perform their own detailing and reconditioning before putting their trade-ins up for sale. Most dealerships won't ding you for not having your vehicle showroom-ready - what matters most is the mileage and mechanical condition of the vehicle, as well as its desirability on the market. Less money spent on detailing means more money you can put towards your down payment.

You'll Pay Less Sales Tax

In states like Arizona, trading in your current car immediately gives you a tax advantage over selling it yourself and putting the cash proceeds towards your new ride. That's because most states let you deduct the value of your trade-in from the total purchase price, resulting in a reduced tax liability. If you're buying a $20,000 car and your trade-in is valued at $5,000, for example, then you'll only pay taxes on $15,000 of your new vehicle's asking price. The higher your current car's trade-in value, the more money you'll save on your next vehicle.

You'll Save Time and Have Fewer Hassles

Selling your car comes with its share of hassles and headaches. From posting ads on Facebook Marketplace or Craigslist and hoping for more than just tire-kickers to dealing with no-shows and low-ballers, the whole process can be frustrating and, at times, seem utterly futile. Even if someone eventually comes along and agrees to your asking price, that could take weeks or even months depending on your vehicle and location.

If you can't wait to jump into a new vehicle and don't want the hassle of selling your old ride, trading it in is your best option. Not only will you get the value of your trade-in immediately, but you'll also be able to drive away in your new car the same day. The dealership will take care of selling your old vehicle, which is one less worry you have on your mind.

You'll Get a Fair Price

While common wisdom says you'll get more for your vehicle from a private sale, that's not always true. A fair price doesn't always draw in buyers and those who are interested will inevitably counter with an offer that's much less than what you want. Dealerships are more motivated to offer a fair price for your trade-in, especially when demand for certain types of vehicles is at its highest. Selling your car is all about timing, but trading it at a dealership makes it more likely you'll get a fair price for your old ride.

You'll Have a Safer Transaction

Private sales transactions aren't without their dangers. In addition to the danger of having strangers show up at your home, there's also the risk of fraud by unscrupulous buyers. Forged checks, counterfeit bills, and fake wire transfers are just some of the ways that criminals can scam you out of your vehicle. There's also the risk of unsatisfied buyers taking legal action or worse if any problems with the vehicle show up after the sale.

A trade-in at a dealership solves all of those problems. instead of having strangers at your home or finding safe, neutral places for a private party sale, you'll conduct your trade-in from the comfort and safety of a licensed and bonded dealership. Instead of worrying about your safety, all you have to worry about is your next destination after driving away in your new car, truck, or SUV.

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Jun 25, 2023 in Trade

Pros and Cons of Selling a Car Privately vs. to a Dealer

When you are thinking about selling your car, you have some options available to you. You can choose to sell your car to a dealer or sell it privately. Each option has pros and cons to consider before making a choice as to how to sell your car. Consider these pros and cons before selling your vehicle. Selling Your Car Privately Pros: Higher Sale Price Potential When you sell a car on your own, you can negotiate the selling price of your car. Negotiating the price allows you to get a higher price than what a dealer may offer. Buyers are more often willing to pay a higher price directly to the seller because there's no markup or dealership involved in the price. You Have Complete Control When you sell your car yourself, it gives you complete control over the selling process. You can set the price and advertise the car on any platform you choose; you can also select the buyer. You can choose the buyer that meets your preferences. Cons: Effort and Time When you sell your car on your own, it takes a lot of effort. You have to advertise the vehicle on your own, respond to requests, schedule test drives, and handle any paperwork associated with the sale. Marketing When you sell a car on your own, you need buyers to look at your vehicle. You will have to take pictures of your vehicle, write a compelling description, and negotiate the sale. You will also have to close the sale of your vehicle. Limited Warranty When you sell a car on your own, the car is as-is. You most likely aren't going to offer any warranty or guarantees to the buyer. This may cause some buyers to be concerned and not want to purchase a vehicle from you. Selling Your Car to a Dealer Pros: Fast and Convenient When you sell your car to a dealer, it is often a more convenient and faster process than selling it on your own. You don't have to worry about anything because the dealer handles all the paperwork, evaluation, and payment process, saving you time and effort. Trade-In Options When buying a new vehicle, you can sell your vehicle to a dealer by trading in your old car. This makes the process more straightforward, and you can negotiate the sale price of your old car and the purchase price of the new vehicle. Additionally, trading in a car may have potential tax advantages in certain areas. Guaranteed Sale When you sell your car to a dealer, you have a guaranteed sale. You don't have to wait for potential buyers or deal with negotiations. Once you agree on a price with the dealer, the sale is finalized quickly. Cons: Limited Room for Negotiation When you sell your car to a dealer, you have less room for negotiation when compared to selling privately. Dealerships have pricing strategies and market conditions that may limit their flexibility in adjusting the sale price. Trade-In Value Options When you decide to trade your car to a dealer, the trade-in value varies. Different dealerships offer their own prices. You may need to shop around to get the best trade-in offer. If you are interested in selling your vehicle to a dealership, visit Coulter INFINITI to find out the value of your trade-in. We are proud that we can offer the best price for your vehicle.

Mar 28, 2023 in Trade

Why Sell Your Car to a Dealership?

Are you looking for a quick source of extra cash? Are you thinking about purchasing a vehicle soon? If so, you might be thinking about selling your car to a dealership. While you might be able to find a random person on the street who will buy your car from you, it is always better to sell your car to a dealership. At Coulter INFINITI, we would love to give you an offer for your car. What are some of the top reasons why you should sell your car to a dealership? Learn more below, and swing by if you would like to figure out how much your car is worth. You Can Sell Your Car Now One of the biggest reasons why you should sell your car to a local dealership is that you can sell your car right now. Sure, you can always put a sign on your car and wait for someone to come and give you an offer, but how long do you think you are going to be waiting? You might need the cash right now, so if you want to get an offer for your car today, you need to sell your car to a local dealership. We can give you an offer for your car right now, expediting the process on your behalf. You Can Save Money on Taxes You might walk away with thousands of dollars if you sell your car, but did you know that you would have to pay taxes on that money? This can be expensive, and it can take a significant amount of money right out of your pocket. If you want to avoid this situation, you need to sell your car to a local dealership. If you want to purchase a new car, we can take the value of your car and apply it to the price of your new car in the form of a credit. That way, you can get the full value for your car, and you can also save money on taxes. Talk to our experts to learn more about how this process works. You Will Know Exactly How Much Your Car Is Worth How do you know if you are getting a fair price for your car? If you sell your car to a local dealership, you will know exactly how much your car is worth, because all you have to do is take a look at what we are selling similar cars for. That way, you don't have to worry about getting short-changed, and you can rest easy, knowing that you have gotten the full value of your car. We can also look up the value of your car on your behalf to make sure you understand exactly how much money you will get for your vehicle. You Get Help with the Paperwork Finally, even though you might think you can sell your car on your own, it is better to sell your car to a local dealership because we can help you with the paperwork. Have you ever sold a car on your own before? There is a lot of paperwork involved with the title transfer, and if you don't do the paperwork right, your transaction could be canceled. If you decide to sell your car to a dealership, you will work with experts who have completed this paperwork countless times, and you know that the paperwork will be filled out properly. At Coulter INFINITI, let us handle the paperwork for you. Sell or Trade-In Your Car to Coulter INFINITI At Coulter INFINITI, we would love to help you find a new car, but we can also provide you with an offer for your existing one. We will give you a fair offer for your car, and we can even take the value of your car and treat it as a credit toward the purchase of your next vehicle. We have a wide selection available, so visit our dealership if you would like to test drive some of the cars we have in stock. Then, talk to our team to see how much money we can give you for your car!