Benefits of Trading in Your Car

Driver giving a thumbs up out the window

Are you in the market for a new car while looking to sell your old one? There are a variety of ways to go about finding one. However, trading in can be a great opportunity for Willow Grove, Willow Manor, and Glenside, Pennsylvania, drivers to quickly take home the next ride of their dreams. If you’re curious about the benefits of trading in your car, our team at Mazda of Abington can help with that.

We put together this overview of the perks that come with trade-ins. Read on to learn more!

ALL ABOUT CONVENIENCE

A big perk that comes with trading in your car is convenience. Are you looking forward to taking home your new Mazda and want to drive it as soon as possible? Trading in could be the best option for you! With a streamlined and quick procedure, we make trading in easy for you.

Picture this: You stop by our dealer to check out our assortment of available Mazda vehicles. After you’ve explored our lot and chosen a car you like, the next step is talking about your plan.Car finance professional helps woman fill out car loan application

You can count on our team to discuss the best offer for you, so you know what to expect when you go through with the trade-in. Then, you hand over the keys to yours in exchange for the new ones, plain and simple!

FINANCING YOUR NEXT RIDE

Trading in your car naturally goes hand-in-hand with more financing options. This is because exchanging your vehicle typically allows you to apply a down payment toward your next Mazda immediately.

This means that the financing you’ll need for your new car is potentially reduced. We’ll have a series of offers available to you, and when you find the one that fits, we’ll apply the financing plan that works best.

There’s more we can help you with, too. Don’t hesitate to talk to our knowledgeable staff when you stop by. We’re happy to answer your questions as well as sit down with you to talk about the offers that best suit your lifestyle.

BEFORE YOU TRADE: PREPARATION

When preparing for the trade-in process, there are a few factors to consider. This comes down to your vehicle’s condition, mileage, and more. Could it benefit from some routine maintenance or an inspection beforehand?

Anything you might conduct prior to the trade-in could potentially increase your car’s value when you bring it in to trade. Likewise, you might want to think about the market. A lot of popular cars fly off the lot quickly, especially if you have a model that’s in high demand.

To investigate this further, visit our website. We can help you get an idea of what to expect through a variety of online tools. For example, our Value Your Trade tool can offer additional insights.Person vacuuming out interior of vehicle

IS NOW THE BEST TIME TO TRADE IN?

You might be asking if now is a good time to trade in your current car. The best time for a trade-in is when you have equity in the vehicle. That means that the value of your car is higher than the remaining balance on your current auto loan.

No loan? Great! However, if you still owe more on the loan than the vehicle is worth, you may not benefit much from trading it in just yet. You can still trade in if you need a new car in a pinch. Under these circumstances, what you owe can be rolled over into you new auto loan.

For ideal results, trade in your vehicle when your current auto loan is paid off or nearly paid in full. At that point, you can enjoy the full benefits of ownership and take the time to find the next car that is just right for you.

SHOULD YOU PURCHASE OR LEASE WITH YOUR TRADE-IN?

As you transition to your next car, you have an important choice to make about your repayment terms. Will you purchase your next ride or lease it? Your lifestyle and goals will determine which option is best for you.

If you choose to purchase, you will have the ability to use your car as you please. You can put your vehicle to work despite the possibility that it may accumulate a little wear, and you can drive as many miles as you want and need to.

With a lease, however, you will need to be mindful to limit wear and tear and the number of miles you drive. That’s because you’ll need to return the vehicle within two to three years, which isn’t so bad since you’ll be eligible to get another one. That’s one of the great benefits of leasing—you’ll always be in a brand-spanking new car!

Leasing is a great option for those with short commutes, who work from home, or who don’t generally drive many miles in a year. Vehicle loans are for those who get around a bit more. The choice is yours.

OUR STEP-BY-STEP TRADE-IN PROCESS

When you’re ready to make the switch, we’ll guide you through this step-by-step trade-in process:

  • Conduct an appraisal to value your tradeSigning car lease agreement person handing over key
  • Show you our inventory and help you pick the vehicle you like
  • Inform you of any specials and incentive programs that will benefit you
  • Figure out the best monthly payment schedule for you
  • Establish loan or lease terms that suit your needs
  • Apply the equity in your old vehicle to the purchase or lease of your next car

Our process is thorough, and we take the time to understand your goals so that the final agreement makes you happy. This one-stop-shop method makes passing along your old car and getting into a new one as easy as possible.

TRADE IN YOUR CAR WITH US TODAY

Now that you’ve learned about the benefits of trading in your car, you’re all set to get started. Our team at Mazda of Abington is here and waiting to help you take home the ride of your dreams.

We’re proud to serve the areas of Willow Grove, Willow Manor, and Glenside, PA. Explore our lot and get in touch with us today to set up a trade-in!

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