Should You Sell Or Trade In Your Vehicle?

There is often confusion about what it means to sell a car to a dealership versus to trade it in. Car owners are wondering what is my car worth and if they will get the same price. Likewise, they are interested in knowing the benefits of each option, as well as what to consider in advance.

One of the biggest misconceptions about selling your vehicle to a dealership is that you have to purchase a car at the same time. At Hennessy Honda, we will buy your car without putting you under any pressure to buy from us.


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What are the benefits of trading in my vehicle?

Depending on your situation, there are benefits to trading your vehicle in with a dealership – particularly if you plan on buying another vehicle from that same dealership.

The process is quick and easy

You can trade your car in easily at the dealership you intend to purchase from if you’re planning to buy a new one immediately. Simply put, you are able to get credit for the value of your trade-in on the next car you buy. Everything will be handled by your dealer after you bring in your car! If you plan on purchasing another vehicle straight away, trading in might be the better option for you.

If you’re looking to trade-in your car, truck, or SUV in Atlanta and metro area, we invite you to browse our full inventory at Hennessy Honda today!

Higher offer, minimal tax

If you’re going to be buying a car from the same dealership’s inventory, you may be offered more for a trade-in than if you are just selling your car to the dealership. Further, only the price difference is subject to Georgia Ad Valorem Tax (TAVT). As an example, if your trade-in is valued at $20,000 and your purchase is $30,000, you will only be responsible for paying TAVT on $10,000.

How should I prepare before trading in my vehicle?

There are some factors to think about before trading in your vehicle. How many miles? What state is it in? You’ll want to ensure that you have the proper documentation as well.

Get my trade appraised online

We encourage you to bring your vehicle in for an appraisal or utilize our simple trade-in advisor tool, powered by KBB, which offers a great way to estimate the trade-in value range of your vehicle. It gives shoppers a quick view of their trade value using general conditions to generate a low to high estimate range. To get started, it only takes five minutes to submit some basic information about your vehicle. Once our team receives your request, we will get back to you with an estimate!

Come to the dealership prepared

If you are looking to trade in your vehicle to a dealership, we strongly recommend showing up with all of the necessary paperwork. Included in this list are the title (if you possess it), the registration, any repair logs, and all copies of the keys to the vehicle. Having your vehicle ready to trade will prevent any delays in getting behind the wheel of your next vehicle.

What are the benefits of selling my vehicle?

There are many reasons why selling your vehicle to a dealership is favorable, especially when compared to selling privately.

Convenience

Selling your car to a dealer means you know exactly where to go and who the buyer is from the start. Sometimes, the entire transaction can be completed in just one day! Contact our team at Hennessy Honda for assistance selling your vehicle.

No Pressure

When you sell your vehicle to dealers like Hennessy Honda, there is no obligation to buy. We are happy to purchase your car, whether you plan to shop with us or not.

Safety

A certain level of risk is involved in selling privately, as you’ll usually be dealing with a complete stranger. Avoid scams and know that you’re selling to a trustworthy buyer when you sell directly to a dealership.

Before I sell my car to the dealer, what do I need to know?

It is crucial to understand that when you’re selling your car to a dealership, the amount you receive might not be equivalent to a trade-in estimate on the same vehicle despite both being based on Kelley Blue Book values. If you are interested in selling your vehicle, we encourage you to get an Instant Cash Offer through KBB to avoid inaccuracies! KBB Instant Cash Offer considers reconditioning cost and local market conditions to determine the value of the vehicle. Alternatively, you can bring your vehicle to Land Rover Gwinnett to receive a direct offer from our team.

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