Value Your Trade
We Would Love to Buy Your Vehicle!
Come to Allen Samuels Chevrolet Buick GMC and you will see that we make it easy for Bryan drivers like yourself to buy and sell vehicles. Forget about having to advertise your car and taking time out of your day to meet up with interested buyers! Our team will take care of all the paperwork and do all the heavy lifting for you, so you can enjoy earning some cash back for your trade-in car. Then, you can use this cash for your next ride whether it is one of our brand new Chevy vehicles or one of our quality pre-owned models! Wondering, “How do I trade in my car?” Let us show you below!
What is the Value of My Trade-In Car?
First things first, you’ll need to know what your car is worth, so you can get a fair offer. In just a few clicks, you can use our handy tool above to calculate the value of your trade-in car! Enter some information about your car as well as your contact information and then you’ll have an estimate right away. Do keep in mind that there are a few factors that affect trade-in value, including:
- Mechanical condition
- Car features
- Exterior/interior condition
- Market landscape
How Do I Trade In My Car?
With the estimate of your trade-in car in hand, it’s time for an appraisal of your vehicle! Our Hearne dealership can take care of this step for you. Just bring your car in and we’ll examine the condition of your car and make sure it’s a good fit for our used car inventory.
- You can haggle at a dealership. We encourage our customers to always do their own research to make sure they’re getting the most reasonable trade-in offers.
- Can you trade in a car you still owe on? You can with a dealership! If you’re upside down on your car loan, you can consolidate what’s owed on your current car with the price of your new ride.
- You can also find instant financing online if you already know which vehicle you want next! If you are prepared ahead of time, we can get you into your next car the same day you visit our lot.
As you can see, we simplify the process of how to trade in your car, so you can switch rides easily in Franklin despite how hectic life becomes!
Valuing Your Trade-In Car: FAQs
Q: Can you trade in a financed car?
A: Yes, you can. If you have positive equity on the car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, and then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan— meaning you’ll still need to pay it off eventually.
Q: How soon can you trade in a financed car?
A: There’s no time limit that’s set in stone, but in most cases, it’s ideal to wait until you have positive equity.
Q: What does it mean to be “upside-down” on a car loan?
A: Being “upside-down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity.
Q: Can I trade in my car for a cheaper car?
A: If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car; you can do what you’d like with it. We have a selection of used cars priced under $20K if you’re interested!
Trade In & Upgrade Your Ride at Allen Samuels Chevrolet Buick GMC Today!
If you have questions about how to trade in a car that is paid off or how to get the best possible offer in Hearne, check out our car-buying tips! You can also contact us or give us a call at 979-314-5659.