There comes a time in every car’s lifespan where you have to decide whether it’s time to keep putting money into it or think about trading it in and upgrading to a newer model. When and how you decide to trade in a car can make a big difference when you are interested in financing a new Chrysler near Memphis.
That’s because there are things you can do to get the most value for your trade-in. The more valuable your old car is to a dealership, then the less money you’ll have to pay on your new ride. Here are some ways to be prepared when it comes time to trade your old vehicle in.
You should never just decide to trade your old car in when you get to a dealership to buy a new car. As Ben Franklin once said, “Necessity never made a good bargain.” You should do your homework and figure out roughly what your vehicle is worth. You can do this online by searching for vehicles for sale that are the same year and with similar mileage as yours. This way, you don’t have to just accept the first offer that a dealership gives you.
Look At It From the Dealer’s Angle
It’s always a good idea to take a look at the trade-in process from the dealer’s perspective when getting ready to do a trade-in. Your vehicle may be worth a certain amount of money if you were to sell it yourself, but that doesn’t directly translate to the value of your trade-in. It comes down to how much work they have to put into getting it ready for sale, and how quickly it will move once it’s on their lot. If they already have a bunch of similar options, they may not offer much in the way of a trade-in. This can all have a big impact on Chrysler financing near Memphis when the time comes.
Keep It Separated
It can be a good idea to separate the trade-in and the purchase of a new vehicle. You may not know this, but you can keep them as separate transactions, which benefits you. That’s because dealers can offset anything they offer as a trade-in by adjusting a different variable in the purchase of a new car. Don’t be afraid to visit multiple dealers before deciding on where to trade-in your old car and buy a new one.
Contact Mid South Auto Loans today if you’re ready to finance or lease a new Chrysler. To get started, please give us a call at (901) 316-3434.