We all know that the car-buying process starts with conducting model research. By doing so, you can find a vehicle that suits your needs on the roads around Quincy, Boston, Brockton, and Norwood, MA. After that, you'll need to work on financing and take a look at the down payment, monthly payment, and more. One way you can increase your down payment and decrease your monthly payment is trading your old vehicle in.
In this article, our team at 24 Auto Group will explore how to trade in a car. That way, you'll know what you need if you decide to trade in your old car to us!
What Is a Trade-In?
A trade-in is exactly what it sounds like: trading in your old vehicle and applying its value to a down payment or receiving a check for its determined value. In order to trade a vehicle in, you need to identify the new vehicle you want.
From there, you'll be able to bring your old vehicle in for a thorough inspection. Our technicians will take a look at the vehicle in order to gain an idea of its value. During this process, we'll look at the car's:
- Powertrain
- Electrical system
- Interior
- Mileage
- Make
- Year
In weighing these factors along with a few others, we'll be able to obtain an estimate of what the vehicle is worth and then present you with an offer. If the offer is to your liking, you can accept and apply its value towards the down payment on your new car.
Benefits of Trading in Your Car
If you're looking to get behind the wheel of a new vehicle, the money you receive via a trade-in could help reduce your monthly payments. So, trading in your ride could help you ultimately get behind the wheel of a new vehicle with a reduced down payment!
In turn, it could also reduce the time you have to make monthly payments until you own your new vehicle outright.
What You'll Need
If you decide to trade in your old car, there are a few things you'll need to bring with you. Of course, you'll need to bring your current vehicle in, but you'll also need:
- Title of the car
- Driver's license
- Registration
- Keys
- Loan payoff (if applicable)
From there, you can accept an offer for your ride and put it towards your new one!
Make a Trade-In Today!
Whether you were already looking at new vehicles or you're now excited about the prospects of getting behind the wheel of a new ride, a trade-in could help make that a possibility. Plus, you now know how to trade in your car.
Next, you'll have to get in touch with our team at 24 Auto Group to get the process started! We're happy to help drivers across Quincy, Boston, Brockton, and Norwood, Massachusetts, find and finance their next car.
We hope to assist you soon!