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Maximize Your Vehicle Trade-In Value

When it’s time to upgrade your car, selling or trading in your current vehicle is probably the first thing to do after you have decided which car to purchase. Having an extra vehicle might be nice… but it’s probably time to part ways with your old car to soften the financial blow.

Typically, you’ll want to use the sale proceeds of your old car to help fund a new purchase. The size of the money chunk that you chip off the new car’s price-tag depends mostly on your current car’s condition and its valuation in the market.

A great alternative to private sales is to visit the nearest car dealer in Calgary and do a trade-in. This is usually the easiest and quickest method of getting rid of your old car.

Why Trade-In at the Car Dealer?

A used car dealer in Calgary that provides trade-in options allows you to give them your used car and use the valuation towards the purchase of another car. It’s a short-cut route to upgrading your car; however, the price you’d get for your car in a dealership trade-in might not be as high as a private sale. Although you’re getting more money for your old car if you handle its complete sale yourself, there are plenty of reasons why the trade-in option is your best bet.

Save Time, Money and Effort

Selling a car is quite a hassle. There’s no guarantee it will sell, and it might be months before you get a good offer. Advertising also takes time, with some marketing services and websites billing hefty promotion charges. Going to a used car dealer in Calgary to make a trade-in is usually a same-day transaction. You submit the details, they do an inspection, you receive a vehicle appraisal, and the paperwork is completed without much hassle. The used car dealer takes care of most of the formalities involved in trading or selling your car.

Tax Savings

Sales tax doesn’t apply on trade-ins at dealerships since the cost is being reduced for the purchase that follows the sale. Although you can get more money for the used car by selling it yourself, you can potentially save yourself hundreds of dollars in sales tax by opting for the trade-in option.

Financed Vehicles are Accepted

Many dealerships will also accept cars that are still under financing, clearing the balance and simply rolling it into the next purchase. You won’t offset the full valuation of the used car from the new car’s price, but it lets you relieve yourself of debt and cut the cost of the new car hassle-free. The car dealer will then work with you to find a monthly payment plan that fits your budget.

The ‘Zero-Liability’ Advantage

Once the used car is handed over to the dealership, it’s their job to handle its sale, unlike when you’re selling the vehicle yourself. Buyers may demand maintenance repairs after buying the vehicle directly from you; it’s a ‘sign and forget about it’ situation at a used car dealer.

How to Get the Best Trade-In Value

The vehicle appraisal you receive from the dealership depends on a multitude of factors, including the obvious: make, model, mileage and year. Options will also play a role in the valuation as will the overall condition of the car. Some cars will hold their value better than others. For example, a Toyota Corolla is a highly sought after car in the used market and will generally see minimal depreciation; something you may want to bring into consideration for your next vehicle purchase.

The used car dealer will assess all the factors carefully before submitting their offer. These can differ from dealership to dealership.

Here are a few tips and tricks to ensure you get the best possible valuation from the dealership when you’re opting for a used vehicle trade-in Calgary:

1. Tidy it Up… But Not Too Much

The aesthetic plays a big role in car assessments since it reflects the car’s condition and maintenance. Make sure to get a good wash and hot wax treatment before you go to the dealership. However, an old car may raise some suspicion if it comes in pristine condition, so don’t try too hard!

2. Come Prepared

The work done on your car in the past, be it new tires or an oil change, should all be properly documented from the day you bought it. Evidence of maintenance work and investments into the car can help boost the valuation offered by the dealerships.

3. Research

Gather market intel about the valuation of your car. Seek appraisals from multiple dealerships before deciding on the one offering the best value. Prime Autos is a reputed used car dealer in Calgary that accepts trade-ins and usually offers the best value since we can sell used cars much more efficiently.

4. The Dealer You Know

The dealerships you go to for regular servicing and repair work on the car are a lot more familiar with your car than a random dealership. Therefore, they might give you a better deal for the trade-in, especially if you are purchasing your next car from them.

Benefits of Buying from a Used Car Dealership

Used Car Dealership in Calgary

Let’s go over some of the benefits of buying from a used car dealer:

More Financing Options

While it is true that you can find better deals should you choose to buy directly from an individual seller, you’ll have to pay the entire amount upfront to own the car and drive away. Not everyone who needs a car has a few thousand dollars lying around. The bad news is that hardly any seller you find online would agree to sell theirs to you on installments. The high entry-level price point may thus exclude you from owning a car through this option.

On the contrary, used car dealerships provide a greater array of flexible financing options that allow you to pay the price in installments while using the car. You can choose to pay a proportion of the price up front and the rest in small monthly payments. The dealers allow you to pick a payment plan that suits your needs; low monthly payments with higher interest or higher payments with lower interests. You can even get the car on rent or lease for months and even years. These options allow you the freedom to find a financing plan that perfectly suits your needs.

More Varieties

If you’re looking for a used car online, chances are you’ve set eyes on a few models and don’t have a good idea about all the options that fit your requirements. It is also highly inconvenient to book appointments with different individual sellers and test all the shortlisted ones. You’ll have to rely on your memory to recall which of the cars that you tested seemed good enough.

At a used car lot, you get access to a wide variety of automobiles. You can look at them side by side and even test drive a few to feel the differences on the spot. You would also want to compare the different models on the spot or even see other cars of the same model.

By choosing to buy from a dealer, you get a professional service to find the best possible car for you. It is the dealers’ job to understand your needs and problems and then offer you a solution. After asking a few relevant questions, the dealer will understand what you’re looking for in a case and then recommend a car that you might even not have on your radar. This can save you all the inconvenience that comes with buying used cars directly from a car owner.   

Better Quality Cars

Yes, we understand that your friend’s cousin found a great deal for a 2018 Audi A8 on Craigslist. This isn’t exactly uncommon as it happens most of the time when your friends or family come to know about your intention to buy a used car. But you will hear just as many horror stories should you do enough research. Even the most knowledgeable buyers are not immune to getting duped. The fact is that by buying from a private seller, you never know what you’re getting!

On the other hand, buying from a dealership removes much of the gamble involved in the buying and selling process. Unlike sellers on the internet, dealers have a business to run and a reputation to maintain – a front and center reputation in the form of online reviews should anyone choose to look them up. Used car dealerships test and assess the cars for quality, maintenance, and performance before putting them up for sale. At times, you may even be surprised by the pristine condition and low mileage of a used car at a dealership.

After-Sale Service

We all want our cars to keep operating without any problems for many years. And if any fault props up, we need timely support. Many individual car sellers spend the bare minimum to temporarily hide the glaring issues in the cars they intend to sell. Most buyers are not aware of the technicalities and don’t know what’s under the hood. Unfortunately, once sold, the seller is no longer responsible for any problems that may come up, and you’ll likely never hear back even if you try to contact them.

Selling faulty or subpar vehicles is a death sentence for a dealership’s business. Many dealers even provide some kind of warranty. They take responsibility for providing after-sale service for one or two years. Also, a trusted used car dealership Calgary will go the extra mile to provide comprehensive after-sales service to ensure your car is in tip-top condition for the years to come. The after-sale service is yet another convincing reason why buying from a dealer is always your best bet.

Final Thoughts

Buying a car means you’re making an investment. As with any investment, it is imperative to focus on the long-term return than saving some bucks. Buying from a used car dealer may cost you slightly higher, but it is a good trade-off for the benefits you get to enjoy. You get more and better cars to choose from, let alone the peace of mind that comes with buying a good quality car. Dealers sell low maintenance cars, which means more money saved in the long run.

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