{"id":8331,"date":"2022-01-17T20:16:41","date_gmt":"2022-01-17T19:16:41","guid":{"rendered":"https:\/\/businessfinancenews.com\/?p=8331"},"modified":"2022-01-17T20:16:51","modified_gmt":"2022-01-17T19:16:51","slug":"how-does-trading-in-a-car-work","status":"publish","type":"post","link":"https:\/\/businessfinancenews.com\/loans\/how-does-trading-in-a-car-work\/","title":{"rendered":"How Does Trading In A Car Work"},"content":{"rendered":"\n

How Does Trading In A Car Work<\/h2>\n\n\n\n

Trading in your car is a fast way to get rid of your old vehicle at the same time you buy a different one. But there are some important things to know about how to get the best deal before you start the process.<\/p>\n\n\n\n

How does trading in a car work?<\/h3>\n\n\n\n

The biggest advantage of trading in a car \u2014 versus selling it yourself \u2014 is that a car dealer will subtract its value from the purchase price of your new car. A dealership employee will look at it, drive it, and estimate the amount of money they are willing to pay. This offer is contingent on your purchase of a different vehicle.<\/p>\n\n\n\n

The catch is that it\u2019s often difficult to get the dealer to give you the full value of your old car. It\u2019s even trickier if you still owe money on your old car.<\/p>\n\n\n\n

Pros and cons of trading in a car<\/h3>\n\n\n\n

Trading in a vehicle isn\u2019t the right move for everyone. You can almost always get more for your car if you sell it on your own, but it will take longer. To find out how much your car may be worth in either scenario, check private party and trade-in values from Kelley Blue Book<\/a> or Edmunds<\/a>.<\/p>\n\n\n\n

Here\u2019s how to know whether you should sell your vehicle to a private party or trade it in at a dealership:<\/p>\n\n\n\n

Pros<\/strong><\/p>\n\n\n\n