Value Your Trade

Value Your Vehicle Trade-In

If you are getting ready to purchase a new car, you should consider trading in your current vehicle. Not only does this prevent you from having to market and sell it on your own, but it can help to significantly decrease the cost of your new vehicle. Whether you have both a cash down payment and a trade-in, or don’t have money to put down at all, a trade-in is a great way to limit the amount of money you have to finance to get your new car, truck, or SUV. The best place to trade your vehicle in Newnan, GA is right here at Honda of Newnan.

Benefits of Trading Your Vehicle

There is a common misconception that you will not get as much for your money if you trade your vehicle vs selling it privately. However, this is simply not the case. In fact, because it is much harder to get auto loans for vehicles bought from a private seller, you may have a more challenging time finding a buyer to purchase your car at a price that will give you a decent profit. Plus, it’s not always safe to meet up with strangers from the internet. This can all be avoided by selling or trading with a dealership. Additionally, when you trade at a dealership that is open and transparent throughout the process, you know you are getting the best price for your car.

How Do I Know How Much My Trade-In is Worth?

The best way to prepare for a vehicle trade is to know how much you are looking to get for your car, truck, or SUV. The easiest way to determine this number is to use an online car valuation tool, like the one above. All you have to do is give some basic information such as your trade-in vehicle’s make, model, year, and condition, and you will get a general estimate of its value. Remember that this is an estimate and your final trade-in value is dependent on an in-person appraisal, but so long as you fill out the information correctly, you should get a decent idea of its worth, making you a knowledgeable customer when you head to the dealership.

Trade Your Vehicle at Honda of Newnan Today!

If you are looking to buy a new Honda vehicle or even a used car, trading in your current vehicle towards the new one is a great way to bring down the cost. Here at Honda of Newnan, we are transparent with our trade-in appraisals and are always going to give you a fair price. So, when you’re ready to take the next step, contact us or swing by the dealership to kickstart the process. In the meantime, we look forward to hearing from you!

Honda Trade-In Value FAQs

How Do You Trade in a Car?

Trading in your car at Honda of Newnan is simple. Start by using our online valuation tool to get an estimate of your car’s value. Bring your car to our dealership for an in-person appraisal. Make sure to have the necessary documents such as the title, registration, and service records. Our team will evaluate your car and make you an offer. You can then apply the trade-in value towards the purchase of a new or used vehicle.

What’s The Cash Offer or Trade-In Value Of My Car?

The cash offer or trade-in value of your car is determined by its make, model, year, mileage, and overall condition. Use our online valuation tool for an initial estimate. The final value will be given after an in-person appraisal at Honda of Newnan, ensuring you receive a fair and competitive offer based on current market conditions.

Can You Trade in a Financed Car?

Typically, yes, you can trade in a financed car at Honda of Newnan. If your car is worth more than the loan balance, the excess value can be applied towards your new vehicle purchase. If you owe more than the car’s value, we can help you roll the remaining balance into your new loan.

What Does it Mean to be “Upside Down” on a Car Loan?

Being “upside down” on a car loan means you owe more on the loan than the car is currently worth. This can happen due to depreciation or high-interest loans. When trading in an upside-down car, you may need to pay the difference out-of-pocket or roll the negative equity into a new loan, which can increase your new loan amount.

What Are the Benefits of a Trade-in?

Trading in your car at Honda of Newnan offers several benefits: it reduces the overall cost of your new or used vehicle, eliminates the hassle of selling privately, and provides a safe and straightforward transaction. Additionally, trading in can simplify financing by reducing the amount you need to borrow, potentially lowering your monthly payments.