Should I Trade in My Car?

If you’re ready to purchase a new vehicle, you may be wondering, “Should I trade in my car?” While you can sell your vehicle privately, there are numerous benefits to trading in a car at a dealership in Canton— from the easy process to the car trade-in tax credit. Find out more about the benefits of trading in a car with the financial team at Kempthorn Motors today!

5 Benefits of Trading In a Car

1. Car Trade-In Tax Credits- If you were to purchase a brand-new car around , you’d have to pay sales tax on the purchase price of your new vehicle. However, if you trade in a vehicle, you can enjoy a car trade-in tax credit. This means you’ll only have to pay taxes on the difference between the purchase price of your new car and the trade-in value of your current car. 
2. Cuts the Cost of Your New Vehicle Purchase- When it comes to calculating the costs of your new vehicle payments, you’ll be able to reduce costs quickly by adding the trade-in value of your current vehicle in addition to your down payment. 
3. Saves You Time- When selling your vehicle privately, you have to schedule showings, haggle, and wait for someone with cash or qualified financing to purchase your vehicle. When it comes to trading in your car at Kempthorn Motors, you can estimate your vehicle’s value online. Then, after we perform your appraisal, we can finalize your trade-in and pay you out or apply the value towards your next vehicle purchase!
4. You Can Rely on Our Reputation- Instead of having to meet and take strangers on a test drive, and then hope they can pay for the vehicle, you can rely on the reputation of the team at Kempthorn Motors. You won’t have to worry about uncomfortable test drives or us not making good on your trade-in value. 
5. You Can Skip Minor Repairs and Detailing- While it can be helpful to make minor repairs and detail your car when selling on the private market, you won’t need to waste your time and money on these services when trading your vehicle in!

Explore Financing & Trade-In Options Today!

If you’re in the and area and considering trading in your car, reach out to us today at Kempthorn Motors! We can help you get a competitive offer for your vehicle, as well as secure financing for a new Jaguar, Volvo, Mercedes-Benz, and more!