4 Advantages of Trading in Your Vehicle at Your Mitsubishi Dealership

Trading in your car can be very beneficial, and some people may find it more beneficial than selling their car to a private buyer. The trade-in advantages include saving time, tax benefits, and potentially downsizing your car for a low price, so visit your Mitsubishi dealership if it’s time for you to trade in your car.

4 Trade-in Advantages at Your Mitsubishi Dealership

1. Tax Benefits

One of the biggest advantages of trading in your vehicle is getting tax credits. This means you’ll pay less sales tax on your new car if you use the value of your trade-in against the price of the new vehicle. You could save anything from a few hundred to a few thousand dollars, depending on the value of your trade-in.

It works like this: let’s say you trade in your old car for $5,000, and the new one you’d like is $35,000. You only pay sales tax on $30,000 of that, as the value of your trade-in is exempt from sales tax.

2. Low-Cost Downsizing

If you’d like to downsize now or in the future, then trading in your vehicle is a great way to save money or potentially get your new car for free. If the car you’re trading in is worth a lot of money, and you’re buying a small, budget-friendly vehicle that costs around the same as the value of your trade-in, then you could potentially essentially swap your old car for the new one.

Even if the new vehicle does cost a little more than the value of your trade-in, you could still save a lot of money.

3. Convenience

You have to do very little work when you trade in a vehicle. You’ll have to thoroughly clean the car, and doing a little detailing yourself can’t hurt. You should also research your car’s current market value so you can negotiate and get the best offer possible.

However, once you go to the dealer, negotiation is the most you’ll have to do if the dealership is interested in buying your car. You don’t need to write a sales pitch, advertise, or spend hours talking to potential buyers and accompanying them on test drives.

4. Time Saving

Selling your old car and buying a new one can take weeks if you’re doing everything by yourself and selling the car privately. It takes a couple of days if you’re trading in, and it could take just one day if you’re lucky. The fastest route to getting a new car and getting rid of your old one is applying for dealership financing online, getting pre-approved, and then heading to the dealer to pick out your next vehicle and trade in the old one.

Come take advantage of all the great things above at Moses Mitsubishi in Morgantown, WV. If you have questions, then call us at 304-773-3238.

Posted in Morgantown Car Trade In, Morgantown Car Upgrade, Morgantown, WV Mitsubishi Dealer, Moses Mitsubishi of Morgantown, Moses Mitsubishi Service, Trade In Dealership Morgantown | No Comments »