Should you trade in your vehicle or sell it yourself?

June 30,2022

It is a question that many consumers buying a new or pre-owned vehicle have. Is it better to trade in your current vehicle to the dealership or sell it yourself? The answer depends on many factors but what we can tell you is that trading in your vehicle does have some noteworthy benefits.
For starters, you can get your deal done faster with the trade-in. The dealership will give you an amount of money for your trade-in, and when it is time to collect your next vehicle, they will simply take the keys and give you your new vehicle. Nothing more, nothing less and you don’t have to spend any time trying to sell it yourself.
Although the amount of money that you receive for your trade is less than the market value, that doesn’t mean that trading it in is a bad choice right now.
The value of pre-owned vehicles has increased considerably in recent years. Therefore, you might get more money than you thought when you trade in your vehicle. Moreover, we need to remember that when you trade in a vehicle, the amount of money that you receive is applied before taxes are calculated. The amount that you would give as a down payment is calculated after taxes.
Therefore, it is always a wise decision to compare the actual value of the trade-in with the value you received by selling it yourself because sometimes, the difference is not that significant. Especially given all of the time you save by trading in your vehicle. Give us a call today to learn more about all of the benefits you receive by trading in your vehicle.

Recent Articles

What are the differences between the 2023 Ram 1500 and the 2023 Ram Classic?
You may have noticed that once again, in 2023, Ram is going to offer its new generation of pickup trucks, but also the old one, under the Classic name. Besides the fact that the two models are different in design, what are the real differences between the two, the ones that really matter? Let's
2023 Ram 1500 vs 2023 Ford F-150
In the full-size pickup category, competition is fierce to win over consumers. Quite frankly, all three U.S. manufacturers are doing an excellent job of delivering the goods. Their offerings to the market are all impressive. However, one stands out from the pack and is being recognized throughou
Jeep and Dodge CPO Vehicles Recognized as Best Values in Canada
We're proud to announce that the Jeep and Dodge brands have both been recognized as winners in the fifth annual Vincentric Best Certified Pre-Owned (CPO) Value in Canada Awards. This is a great honor, and we couldn't be more thrilled to share this news with all of our customers. Here are more deta
Genuine Ram accessories for your truck this winter
Winter is a great time to drive your Ram truck. And there are multiple genuine Ram accessories designed specifically for your truck to enhance its versatility and performance this winter while also protecting it. We thought we would look at some of the genuine Ram accessories designed specifically f

Buy Your Next Vehicle Online

Buying Your Next Vehicle Online Is Quick, Simple and Easy


The Journey Chrysler Sales team is standing by, ready to help you!