Can You Trade in a Car for Cash?

Are you like a lot of Matthews customers looking to get some cash back from your automobile? Are you wondering if you can trade in a car for cash? There are a couple of options to get cash from a car trade-in, if that’s what you want to do. Ourfinance department would be happy to walk you through the details. In the meantime, let’s examine your options in detail so that you can make the best decision for you.

Option 1: Trade in for a Car That’s Worth Less Than Yours

Normally, when a car buyer is trading in a car, he or she is “trading up.” That is to say, they are trading an older car for anewer one. In that case, their car trade in is worth less than the one they are purchasing. The dealership then does not give cash to the buyer for the trade-in. The value of the trade-in is applied toward the price of the newer car. However, if you “trade down”, that is, trade your car for one that is worth less than yours, the dealership must give you cash for your trade in. This is one way that some of our Waxhaw customers have chosen to trade in a car for cash.

Option 2: Sell Us Your Car Outright

This option is not really a way to “trade in” a car for cash. Rather, you would just sell it to us instead of using it as a car trade-in for the purchase of another vehicle. You would generally get more cash this way than trading it in. We strive to offer our customers a fair price when they are selling their car to us or trading it in. Again, we’ll be happy to walk you through your options when you visit us in Monroe or call us at %%di_phone_number%%.

Let the Friendly Finance Managers at Hendrick Chevrolet Monroe of Monroe Help

Car selling and buying can be confusing. We try to take the mystery out of it for you. Whether you’re looking to sell your car or trade it in, come see us. You can evenvalue your trade online before you come in. We’re just down the road from Weddington, so drop by orcontact us today.