a small gold toy car set up next to a calculator, notebook, and jar of coins for calculating car financing

Is it Better to Trade-In or Sell your Old Car?

Pros and Cons of Trading and Selling Your Vehicle

Let’s say that you have an old vehicle you want to get rid of. What can you do with it? Obviously, you’ll want to make some money off of your old model. Therefore, you have two options. You can trade-in your vehicle at a nearby car dealership for cash for credit or sell your old car model to a private buyer.

Trade-In vs Sell

So, which choice is the better option? Should you trade-in or sell your old car? We’ll go over the pros and cons, the advantages and disadvantages, of both options today.


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Trade-In Your Vehicle – Pros and Cons

PROS 

The best and most significant benefit of trading in your vehicle is the short length and ease of the process. Trading in your vehicle with a dealership requires that you fill out a form, have the staff check the car over, and then you can walk out with cash in hand or put credit towards a new vehicle purchase.

Additionally, in many cases, trading in a vehicle can be used for tax benefits.

CONS

With a streamlined process, dealerships offer a lot in terms of convenience. However, as part of this convenience, a trade-in will likely net a driver less than if they were trying to sell the vehicle on their own.

exterior shot of car lot with many SUVs parked in lines and rows by a sunset

a car dealership salesman inspecting a vehicle on their floor

Sell Your Vehicle Privately – Pros and Cons

PROS

If you’re a good salesman, and have a bit of luck on your side, then selling your car to a private buyer means you can potentially get a lot more money out of it when compared to the profit of a trade-in at a dealership.

CONS

The long and short of it is that selling a vehicle on your own can be a big hassle that takes up a lot of your time and energy. You have to write-up and list your vehicle online and in ads, answer calls and emails from interested drivers, meet in-person so shoppers can see and test drive the model, and after all that you might still have to deal with people negotiating for a much lower price than you’d like.


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Trade-In Your Vehicle in Schuylkill Haven, PA

If you have a car, truck, SUV or any other vehicle build you need to get rid of, consider getting your money’s worth with the quick and simple trade-in process available here at the Skook Auto Sales dealership. You can fill in our trade-in form online and contact us for more information on how to proceed. The Skook Auto Sales staff can be reached online, by phone, or with a visit to our dealership located in Schuylkill Haven, Pennsylvania.