Why Trading In A Car At A Dealer Is Not Always The Best Option
So, you have an older vehicle that you have kept for years that is wearing out and needs to be replaced. You start shopping at auto dealerships in North York and the GTA to find your new vehicle. Dealerships offer to market your current car. However, the price they are offering may not always be the best deal around.
Why? Well, car dealerships have limitations on how much they can pay for a vehicle when they market it. They need to determine if they will be able to refurbish the vehicle and sell it on their used car lot or if they will sell it in bulk.
Very often, if a vehicle is more than five years old, it ends up being sold in bulk. This means they must return at least the same amount they gave you for the trade-in vehicle. As a result, they may “reduce” the amount they offer for the trade-in hoping that they can make some money from the vehicle when they sell it in bulk.
What other options should I consider?
Make sure you get the amount that the car dealer offers you to trade in your current vehicle in writing. So, contact us here on Auto Scrappers to request a free quote to find out how much we will offer for your vehicle.
Many of our customers are pleasantly surprised that we ultimately offer the best cash prices for older vehicles and scrap vehicles in the GTA. With the extra money we offer, you will have more money to pay for the down payment on your new vehicle.
Another great benefit of using our car purchase service is that we can also help you find a great price on a quality used vehicle if you are not buying a new one. Our prices may also surprise you and be better than those offered by the car dealership.
Another option besides using our car purchase service is to try to sell the vehicle yourself. You will need to place an ad, be available for people to view the vehicle and try it out. The process can take a long time. You must also manage all the pricing negotiations and necessary sales practices yourself, such as the transfer of title to the new owner.
If you want to save time and quickly sell your current vehicle so that you can buy a new one, we recommend using our car purchase service. We offer same-day pickup and free towing, or you can decide to leave the vehicle to us. Leaving it at our North York property will add a $ 50 bonus to the purchase price. Either way, you’ll also have your money in hand on the same day!
To find out how much your vehicle is worth, don’t hesitate to “Request a Quote” online or contact us today! Remember, your car title must be free of lien holders for us to purchase your vehicle.