Trading in your car for cash is often the best way to move onto a new vehicle.
It’s so hard to get your asking price for an old car, especially if it’s not in the best condition. Often, you’ll end up frustrated and taking much less than what your car deserves just to get it over with. We’re here to tell you, however, that it doesn’t have to be this way.
Today, we’re going to offer you some tips on how to trade in your car for cash because it’s important to know that you’ve got options. If the dealer isn’t giving you the price you want and you’re having trouble selling privately, there are still options.
1. Selling Your Car Privately
Selling privately can be a huge pain if your car isn’t in the best condition. You’ve got to take lots of detailed pictures and write up an enticing, but a truthful description of what makes your car worth the price.
Most people have to deal with low ball offers and end up taking their car to the dealership anyways. Doing the legwork on your own is the best way to get the exact price that you want, but it’s time-consuming and stressful.
2. Deal With the Dealers
Trading in your old car to a dealer for cash isn’t always the most lucrative option, either. The best-case scenario at a dealership is to put the credit from your trade-in towards another vehicle. Getting the price you want is near impossible.
Unless you’re a certified mechanic, when you take your old car into the dealership, they’ll most likely find something wrong with it that lowers the valuation. Without any way to disprove it, you’re at the mercy of the dealer with how much money you’ll get.
Selling privately and doing a trade-in at a dealership are the two most popular options when trying to get cash for an old car, but there’s one more option that not many people know about.
3. How to Trade In Your Car For Cash With a Junk Car Buyer
That’s right, taking your old car to a junk car buyer is often the best way to get cash-in-hand and a decent amount of it. There are loads of junk car buyers all over the country, so just Google “cash 4 cars” and see what comes up near
Most services will only ask for the make, model, year, and mileage, then send you a cash offer within minutes. You just need to have the title ready and the vehicle ready to go and you can make the transaction. You get cash and the junk car buyer gets your old car; win-win!
How Much Work Are You Willing to Put In?
The most important question you need to ask yourself when figuring out how to trade in your car for cash is how much work you’re willing to put in. If you want to sell privately, you might get more for the car, but it’s a lot more work to get that money. A dealership will rarely give you the price you want.
That leaves the junk car buyers. If you want an easy way to sell your car and get cash in return, that’s your best option.
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