When it comes time to sell your vehicle, you’ve got two choices: a private sale or a trade-in. While a private sale may seem more advantageous on the surface, you have to factor in the significant time costs and stress involved. On the other hand, a trade-in is simple, easy, and offers more benefits than you might realize. Let’s dive deeper into the trade-in benefits you can receive at your Lincoln dealership.
4 Benefits of Trading in Your Vehicle at Your Lincoln Dealership
1. Saves Time and Hassle
The process of selling your vehicle from start to finish is lengthy and cumbersome. You have to advertise your vehicle, get bombarded with messages, coordinate test drives, negotiate on a price, and fill out a bunch of paperwork. This can take weeks or even months to complete and will likely cause a lot of headache and stress in the process.
Trading in your vehicle at our dealership is incredibly simple. We take care of all the paperwork and transfer of title, and the entire process can be done in a single visit. This is especially advantageous for time-sensitive situations such as moving. With all that is going on in your life, you don’t want to pile yet another thing on top.
2. Avoids Repair Costs
If your vehicle has seen better days, it likely needs several repairs. Buyers can be picky, and oftentimes, they will want repairs completed before they’ll consider buying your vehicle. Why spend almost as much money on repairs as the vehicle is worth? Avoid this no-win situation by trading your vehicle in. We’ll take your vehicle as-is and offer you a fair price based on its condition and market value.
3. Reduces New Vehicle Costs
When you trade in your vehicle, we will offer you a credit that you can apply towards your new purchase. If your current vehicle is not that old, and you’re moving fairly laterally across the value spectrum, or even downsizing, you will likely end up with a sizable chuck of change that will cover some, if not all, of the expenses associated with your new vehicle.
4. Reduces Tax Liabilities
New vehicle purchases in Florida are subject to a 6% state sales tax plus a 1.5% discretionary sales surtax for the first $5,000 of the vehicle’s price. Taken together, this adds up a sales tax rate as high as 7.5% for a portion of your new vehicle. When you trade in, you only need to pay taxes on the difference between the price of your trade-in and the price of the vehicle you’re buying. This can result in significant savings of hundreds to thousands of dollars.
Making a trade-in at your local dealership saves you both time and money, making it an extremely attractive alternative to selling your vehicle privately. Contact Astro Lincoln in Pensacola, FL, or visit our website, to find your trade-in value.
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