Thinking about buying a car? You may be able to cut your costs significantly by trading in your used Ford. But, before you automatically do this, there are some things to think about that will help you make the best decision.
What’s Your Car Worth?
The first course of action is to find out how much you can get for your car. The great news right now is that used car values are very high, so even if your vehicle is many years old, it could be worth quite a bit.
How a Trade-In Helps Now and Later
The more your car is worth, the more money you will have for its replacement. If you’re planning to finance, its value may be able to supply a very good down payment.
This could mean that you won’t have to borrow as much money for your loan, which may result in smaller monthly payments. You might also be able to pay the money back a lot faster.
Why You May Want to Hit the Breaks with Your Trade-In
What do you do if you find out that your car is hardly worth anything? Or that it would require a significant amount of work to be attractive to a dealership?
In either of these scenarios, it probably doesn’t make sense to try to trade it in. You should also consider holding on to it if you have another driver in your household or perhaps just as a backup vehicle.
If you’re read to trade in your used car for something better, come down to Helfman Ford. We’ll let you know what we can offer you for it and help you find an upgrade.
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