We Will Buy Your Car
At Jack Burford Chevrolet, Inc., we make it easy to upgrade your current car for a high-quality new or used Chevrolet. Not everyone has the time and expertise to become a private seller and screen buyers. If you’re ready to sell your car without the hassle, simply stop by our dealership near Lexington for an appraisal. We’ll buy your car for a fair price, and help you put your car’s value toward the new or pre-owned vehicle you truly want.
What is the Trade-In Value of My Car?
Before you try to sell your car, it’s important to know its current value. Having this information in hand will help you to negotiate with confidence and budget accurately for your next car. Our online payment calculator tool provides an estimated value for your vehicle in seconds. A few different factors will impact your car’s trade-in value, including:
- Mileage
- Mechanical condition
- Car features
- Exterior/Interior condition
- Market landscape
If you’d like to do additional research, you can cross-reference using popular resources such as Kelley Blue Book and Edmunds True Market Value®.
How Do You Trade In a Car?
After you’ve received your trade-in estimate, it’s time for an appraisal of your vehicle. When you sell your car to us, the process is simple! Stop by our dealership in Richmond and our technicians will examine the condition of your car and make sure it’s a good fit for our used car inventory. We want to buy your car for a price that you’re satisfied with, so be sure to bring your trade-in estimate when you visit for your car’s appraisal. Once we’ve examined your car, you’re free to accept our offer or negotiate for a better offer. We want to be your first choice when you sell your car, so we’re more than happy to work with you and buy your car for a price that feels right. In fact, there are a couple of major advantages to selling your car to a dealership, including:
- You can haggle when you sell your car at a dealership! We encourage our customers to always do their own research to make sure they’re getting the most reasonable trade-in offers.
- Can you trade in a car you still owe on? When you work with a dealership, you can sell your car even if you still owe money on the loan. If you’re upside down on your car loan, you can consolidate what’s owed on your current car with the price of your new ride.
Value Your Trade-In: FAQs
Q: Can you trade in a financed car?
A: Yes, you can. If you have positive equity on the car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will buy your car and pay off the loan, and put what’s left toward the new vehicle price. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan.
Q: How soon can you trade in a financed car?
A: There’s no time limit that’s set in stone, but it’s generally a good idea to wait until you have positive equity to sell your car.
Q: What does it mean to be “upside down” on a car loan?
A: Being “upside down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity.
Q: Can I trade in my car for a cheaper car?
‘A: If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can buy your car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car.
Sell Your Car at Jack Burford Chevrolet, Inc. Today!
Questions about how to trade in a car that is paid off, or how to get the best possible offer when you sell your car? Don’t hesitate to contact us online, give us a call at (859) 353-0861, or visit us near London! While you’re here, be sure to browse our current new and pre-owned car specials to start shopping for your next new vehicle.