Benefits of Trading in Your Car

Couple working with a sales representative to look over car options - Pogue Chevrolet GMC in POWDERLY KY

As we get a new car, it's important to think about what we'll do with our current one. For many, they have considered the idea of trading in but may be a bit a little weary. However, this process not only benefits you financially, but you'll save yourself a lot of hassle. Here are some of the main benefits of trading in your vehicle, as Pogue Chevrolet GMC highlights.

It Makes More Sense To Trade In

Let's wrap up the most important benefits of trading in your vehicle with Pogue Chevrolet GMC.

  1. Significantly lessen your tax obligations.
  2. Get a lower monthly payment, ultimately meaning you'll have a reduced loan.
  3. Get an excellent deal and protect yourself from aggressive scammers.
  4. You don't have to spend money on cleaning, repairs, or other minor cosmetic issues.
  5. Get a new car you desire that will fit into your monthly budget.

Reduce Your Tax Obligation

Oh, yes, taxes! We all know about them, but do our best to pay the smallest amount possible. Trading in a car lowers the price you're going to pay for a new one. As a result, you'll end up with a lower tax obligation. This is an excellent incentive to think about when you want to reduce costs.

Qualify For Lower Monthly Payments

Hopefully, your goal is to have the lowest payment possible for your new car, and trading in the one you have helps. Our dealership will evaluate your vehicle and provide a fair market-value price. The current equity you have in your car can be used as a downpayment. Not only does this prevent you from out of pocket costs, but the process can help reduce your loan.

Straightforward And Quick

Our dealership prides itself on making the trade in process as transparent as possible. If you decide to try selling it alone, there are a seemingly unending amount of obstacles to conquer. These challenges include trying to clean the vehicle, matching the right buyer, and ultimately, getting the price you've asked for. Also, it could take weeks or even months of hard work and effort, only to find yourself right back where you started.

Get The Best Deal Possible

If you've ever tried to sell your car alone, you're familiar with low-ball offers. We utilize the Black Book Value, giving you the best appraisal for your vehicle. This information is simply not relevant to any potential buyer who wants your car for the lowest price available. At our dealership, we value your trade and give you a fair price.

Avoid Spending Money On Cleaning And Repairs

If you sell your car privately, the buyer will want the vehicle in the best condition possible. For you, this means spending money on cleaning, detailing, along with making any necessary repairs like brakes or AC. When you compare this to selling to a dealer, minor imperfections like scratches or dings are nothing to worry about. If your vehicle needs repair, we take care of the problem before reselling it.

You Can Trade In With A Current Loan

If you're currently financing a vehicle, you can still trade it in for a new car or another used one. Our professionals at Pogue Chevrolet GMC have worked with individuals from all walks of life in different situations. You can also take advantage of special incentives when shopping for a new Chevrolet.

Protect Yourself From A Scam

Unfortunately, selling to a stranger doesn't always mean they have your best interest at heart. Scammers use anything and everything to take advantage of others who are trying to sell their car legitimately. Many times, people who try to sell online get scammed with fraudulent payments on PayPal, fraudulent checks or wire transfers, or attempting to collect your personal information. You can avoid all these potential threats by choosing to work with a dealer who puts the customer first.

More Options For Another Vehicle

Trading in your vehicle can help you another one that may have previously been outside of your budget. If you enjoy exploring the newest model every few years, our finance department can help get you set up with pre-approval, trade-in, and getting an excellent deal on your new loan.

Call Pogue Chevrolet GMC To Find Out More

Get a value for your trade in seconds on our website or call our friendly team to find out more about our new or pre-owned inventory. We look forward to assisting you with your next trade in!