Von Schledorn Auto Group Official Blog
Sell or Trade a Car at Von Schledorn Auto Group!
By Product Expert | Posted in Finance Info, Financing, Tips and Info on Thursday, November 7th, 2024 at 5:10 am
Is It Better to Sell a Car or Trade It In?
Deciding what to do with your old car can be challenging, especially when you’re looking to upgrade. Should you sell it privately or trade it in? Each option has its advantages and potential drawbacks, depending on your priorities. Is it better to sell a car or trade it in?
Here, we’ll break down the pros and cons of selling vs. trading your vehicle in Milwaukee, WI, so that you can make the best choice for your situation. Keep reading to see if it’s better to sell a car or trade it in from our team of experts at Von Schledorn Auto Group.
Pros and Cons of Selling Your Car
When selling privately, you set the price. You have more flexibility to negotiate directly with buyers and control the terms. However, selling a car requires time and effort. You’ll need to advertise, arrange showings, and handle all inquiries. This can be lengthy, and not everyone has time to manage it. Getting your car ready for a private sale can be costly, from advertising fees to necessary repairs. If the vehicle needs maintenance, you might have to cover those costs upfront.
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Pros and Cons of Trading Your Car
Trading in your car at a dealership like Von Schledorn Auto Group is quick and easy. We’ll handle all the paperwork, and you can often complete the trade and purchase of a new car on the same day. Many states offer tax benefits on trade-ins, meaning you might only pay sales tax on the difference between your new car’s price and the trade-in value. This can save you hundreds of dollars. Moreover, trading in your old car provides immediate value toward your next vehicle, lowering your down payment or loan amount.
Selling or Trading a Car: Which Is Better?
Ultimately, the answer depends on your priorities. If you want maximum payout and are willing to invest the time, selling might be ideal. However, trading in is the better choice if you’re after a hassle-free experience and instant credit toward a new car. At Von Schledorn Auto Group in Milwaukee, WI, we specialize in offering competitive trade-in values and making the process easy so you can drive away in your new car without the usual stress.
