In the car market, a trade-in is a deal when the price of an old car is deducted from the final value of the new one. This scheme can be very convenient and profitable for those who do not want to spend time preparing a used car for sale and showing it to potential buyers. Trade-in deals are beneficial for purchasing both new and used vehicles.

To get profit from the trade-in service in Indianapolis, it is enough to find a car dealership that supports this program, choose the vehicle from their assortment, and take the old car to the dealer. The dealership will carry out diagnostics and check documents. After that, they make an offer, and if the conditions suit both parties, there is an opportunity to immediately sign an agreement and purchase the next vehicle.

How Long Does It Take?

The process takes only a few hours – the buyer comes to the dealership in an old car and leaves in a new one the same day.

The deal can be delayed by the lack of necessary documents or disagreement with the estimated value of the car. To save time, some dealerships offer to get an online estimation of the vehicle.

What Are the Advantages of the Trade-in Program

The main trade-in benefit is the simplicity and transparency of the transaction. Even when purchasing a used car, the deal is arranged by an official car dealer, who guarantees protection from legal problems and risks that are possible when selling a car to a private party. There is no need to prepare a car for sale – the dealership will independently perform all the necessary work.

It is also possible to use the money from the sale as a down payment on a car loan.

What Are the Trade-in Disadvantages?

It often happens that dealerships estimate used cars lower than the sellers expect to get. After all, the car dealership will then sell these cars and also needs to make money on them. In addition, the dealer bears additional costs associated with the preparation of the car for the subsequent sale, its storage, and advertising.

However, almost all manufacturers and dealers, stimulating the sales, provide discounts for those who opt for a trade-in. Depending on the situation on the market, discounts for new cars can be higher or lower, but, sometimes, such compensation allows not to lose when handing over the old car to the dealer, but make it more profitable than selling it to a private buyer.

How to Hand Over the Car to Trade-in

• The first step to an advantageous trade-in deal is the choice of a new car. The dealer explains the terms of the sale and, most importantly, the discounts or other trade-in bonuses.
• Then the dealership estimates the car provided by the buyer, specifying how long the appraisal will be valid so that the buyer could calmly reflect on the terms of the transaction.
• The dealer also checks the legal history of the vehicle. So that the dealer does not suddenly reveal a ban on registration actions, it is important to check and pay all debts in advance.
• If the price offered after inspection and legal verification suits the buyer, all that remains is to sign a purchase and sale agreement with the car dealership.

In general, the trade-in option is more suitable for those who sell a car in good condition, with a vehicle service history. Dealers are more willing to buy such a car at a higher price and then put it up for sale. If the car has problems, then it makes sense to try selling it privately or to take care of necessary repairs first.

If  any questions about selling a car via trade-in arise, the experts at Indy Auto Man are always willing to provide professional advice and explain every special case in detail. At this Indianapolis used car dealership, customers can always find the best selection of pre-owned vehicles and the most favorable trade-in deals for Indianapolis, Greenwood, Southport, Beech Grove, Avon, Zionsville, Fishers, Carmel, and Westfield.