Value Your Trade
Calculate Your Trade-In Value Today
If the time is right for you to switch things up on your commute from Gulfport to Ocean Springs, Ray Brandt Chevrolet is the place to go! When you work with us, you’ll get a great offer on your trade-in car, so you can upgrade with ease. We can help you find the right new or used car to take the vacant spot in your Vancleave driveway. Read on below to learn more about how to trade in your car today!
How to Trade In Your Car
If you’ve never sold your vehicle to a dealership, you might be curious about the process. Follow these steps to learn how to trade in your car:
- Once you use our trade-in calculator to discover the value of your vehicle, you can explore our inventory with a refined budget.
- If your trade doesn’t cover the cost of your new vehicle, you can team up with our finance team to establish a fair loan deal.
- If you’re carrying a loan balance on your vehicle, we can still help you trade it in. The same goes if you’re upside down on your loan. Our team will help you evaluate your options so you can make an informed decision.
- Once you’re ready to trade, make your way to Ray Brandt Chevrolet with the title, auto loan payoff information, registration, and key. From there, we’ll inspect your car and finalize our offer.
What are the Benefits of Trading In Your Car?
When you sell your car to a dealership like Ray Brandt Chevrolet, you’re certain to score a competitive offer. That’s because we work hard to keep the best models in stock and will pay fairly to get them on our lot. Beyond this, the convenience of working with an experienced dealer partner is unmatched. When you sell your vehicle on your own, you’ll need to study the local market, set an attractive price, advertise the sale, screen potential customers, take perspective buyers on test drives, negotiate, and handle all of the paperwork. When you rely on Ray Brandt Chevrolet instead, you’ll get a competitive offer in minutes!
Trade Your Vehicle at Ray Brandt Chevrolet
Now that you know how easy it is to trade your vehicle to Ray Brandt Chevrolet, the time is right to make the switch to a vehicle that better suits your lifestyle. Our expert team is standing by to put you behind the wheel of an incredible vehicle today. Shop with us in Biloxi, or contact us to learn more!
Value Your Trade: FAQs
Q: Can you trade in a financed car?
A: Trading in a financed car may seem like a daunting proposition. However, it’s actually quite easy to trade in a financed car for a lease or new loan. So, how does trading in a financed car work? To start, trading in a financed car follows the same process as a normal trade. You’ll want to value your trade to determine how much your car is worth vs. what you owe. If the trade offer is worth more than your loan balance, you’re in a great position. You can quickly sell your car to the dealership and use your profits to boost your down payment.
However, if you determine that your vehicle is worth less than what you owe on your loan, you’ll have some decisions to make. Since you have negative equity, trading in a car won’t wipe out that debt. If you’re underwater on your loan, you can pay off the balance with cash or roll the balance over into your next loan. When you roll over a loan balance, the dealer will pay off your loan for you and add your debt to your next loan. This process allows you to get a newer vehicle when needed. While not always viable, some drivers can benefit from rolling over a loan. Working with our expert team is the best way to determine how you should move forward when trying to trade a financed car.
Q: How do you trade in a car?
A: If you’ve been wondering how to trade in your car, you’re in luck! Learning how to trade in a car is easier than you might expect. To get started, you’ll want to get an estimated value. You can use this page for local results, or you can work with sources like Kelley Blue Book for broader information. Once you have a good idea of what your car could be worth, you’ll want to have it appraised. This is when you visit a dealership and have an expert evaluate the physical, cosmetic, and mechanical status of your vehicle.
After an appraisal, you’ll likely be extended a trade offer. That’s why we advise doing your homework before visiting the dealer, so you can be sure if the offer is similar to what you expect. If the deal seems fair, you can accept and sell your vehicle. Alternatively, you can negotiate or shop your vehicle around! One dealer may have a greater need for a vehicle than another, so you might be able to get a few extra dollars elsewhere. Once you have an offer that you like, you can accept the deal. At that point, you can be paid in cash, or your profits can be added to your next down payment if you’re looking to upgrade!
Q: Should I fix my car before trading in?
A: If you’re hoping to secure the best possible trade-in value for your vehicle, you might be considering fixing it up. If you’ve asked, “Should I fix my car before a trade?” we can help! While it may seem counterintuitive, experts generally recommend shying away from most repairs on a vehicle you’re trying to sell. This might seem strange if you consider your current vehicle to be a fixer-upper, but the reasoning is sound.
When you fix up your car, the likelihood of getting back the money you spent is slim. That’s because it’s hard to increase the value of your vehicle in proportion to what you’ll spend on inspections, diagnostics, parts, and labor. So while your vehicle might be worth a little less in its current state, any profits are likely to be wiped out if you take on repairs. Instead, you can trade the car as-is to a dealer like Ray Brandt Chevrolet that can quickly and affordably get the vehicle road ready. That said, it’s never a bad idea to make small fixes that can boost the curb appeal of your vehicle. Replacing wiper blades, floor mats, and bulbs can go a long way without costing much!