Tips for Selling Your Car
- Get your car appraised. It is prudent to know the value of your vehicle when negotiating a trade in.
- Obtain several trade-ins offers. The value of your trade-in car can vary greatly depending on the company or car dealership that makes the offer.
- Think about selling your car.
What is the procedure for trading in a car?
To begin, simply go to the dealership where you intend to buy or lease a new vehicle and inform the car salesperson that you wish to trade in your old vehicle. They’ll take over from there. The dealership employee will make you an offer after giving it a test drive and assessing its value.
How do you trade in a car that hasn’t been paid off?
Going to a dealership to trade in a car with an outstanding loan can be almost as simple as trading in a car that has been paid off. The dealer will pay off the existing loan and obtain the title from the lender directly. The dealer will also handle all of the paperwork.
In South Africa, how long should you keep a car before trading it in?
If you buy a brand new (0 km) vehicle, try to sell it within three years because the plans will still be valuable. If the vehicle is three to seven years old and out of warranty and motor plan, try to sell it within two years.
What are the advantages of trading in a car?
You will save money by obtaining current market values that your private buyers will not understand. Trading in your car is a much faster process than selling it on your own. Trading in is much safer, both financially and personally.
