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Should You Trade in or Sell Privately in Freelton?

Should You Trade in or Sell Privately in Freelton?

Do you trade your old car in and enjoy the simplicity and convenience or sell it privately for a little more money? Selling your old car used to put you in two distinct camps, those who needed every cent would sell privately. Those who wanted a safe, simple transaction traded it in.


That decision between whether you trade in or sell privately is now easier than ever as our Freelton auto loans team explains.


Trading in your old car to a dealership


People who traded in used to know they were getting less for the car in return for a safe, secure transaction when they bought a new car. Now, with the used car market like it is, trading in, or even selling your old car for cash to a dealership makes much more sense.


The binary choice between cost and convenience is no longer so black and white.


The strength of the used car market means there is real demand for quality used cars. People are keeping cars for longer and not selling them so readily. This has caused a shortage of quality used cars, which increases their value.


A value that dealerships are now willing to pay.


There is now much less of a divide between trade in values and what you would get selling privately.


Given the downsides of selling your old car yourself, that makes it a no-brainer to trade it in.


How does trading in your old car work?


If you haven’t traded in before, it’s a very simple process. Essentially you sell your car to a dealership and have the value taken off the price of a new car.


For example, you’re buying a car for $40,000. Your trade in is worth $5,000 so you only have to pay $35,000 for the new car (plus fees and taxes).


If you’re taking out a Freelton auto loan to pay for the car, it means you need to borrow less to pay for the car.


The process works a little like this:


  1. Clean and prepare the car ready for sale
  2. Bring it to a dealership to be appraised
  3. Shop for your new car while we check your old car
  4. We offer a cash price for your old car
  5. We deduct that price from the cost of your new one
  6. If you’re using an auto loan, you only need to borrow that reduced amount
  7. Sign the auto loan, buy the car
  8. Drive away happy!


That’s all there is to it!


No having to write ads, take dozens of pictures, answer multiple obvious questions, allow vehicle inspections and test drives and no payment anxiety or risk of theft.


It’s all done in the comfort of a dealership between reasonable people.


So, in answer to the original question. Yes, you should trade in your old car to a dealership. In fact, you can just sell it to us for cash if you don’t want a new car.


We will pay good money for quality used cars whether you buy from us or not!


We will use all our skill and experience to deliver the lowest possible Freelton auto loan rates, guaranteed. Contact Car Nation Canada Direct to learn how we can help.


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