At Carter Chevrolet, we want to make your car shopping and buying experience as stress-free and enjoyable as possible. One way we achieve our goal is for our customers to sell us their used cars, so they don’t have to worry about posting any ads and dealing with buyers. Once we buy your car, we’ll help you put that amount towards your next new or used purchase at our dealership.
You may be wondering, “What is my used car worth,” and we have your answer! With our user-friendly value your trade-in calculator, you’re able to get an estimated car trade-in value right at home. All that’s needed is some vehicle information and your contact details, and we’ll get your estimate sent to you promptly. Some factors affect the trade-in value, such as:
Once you have received your trade-in estimate, you need to have the vehicle appraised. Our -area dealership can handle this step for you! We’ll examine your vehicle and make sure it’s a good fit for our used vehicle inventory. Be sure to bring us your trade-in estimate when you visit for your vehicle’s appraisal!
After the appraisal, you can accept or negotiate our offer and finalize the sale. We work hard to offer the fairest possible price on trade-in vehicles while making the process simple and transparent. There are several advantages to selling your vehicle at our dealership:
Q: Can you trade in a financed car?
A: Yes, you can! If you have positive equity on the car (it’s worth more than what you owe), you can easily trade it in. We will purchase the car and pay off the loan, then put what’s left toward the new vehicle price. If you owe more than what the vehicle is worth, we will take that difference and add it to your new car loan. You still have to pay what you owe on your previous vehicle.
Q: How soon can you trade in a financed car?
A: While there’s no time limit, it’s best to wait until you have positive equity.
Q: What does it mean to be “upside down” on a car loan?
A: Being “upside down” is the same as having negative equity. For example, if you owe $30,000 on a car that’s worth $25,000, you have negative equity.
Q: Can I trade in my car for a cheaper car?
A: If you still have a balance on your current vehicle, you can trade it in for a cheaper vehicle. If you owe $15,000 and the car is worth $20,000, we’ll purchase the car as a trade-in, pay off your loan, and put the remaining $5,000 towards your new auto loan as equity. If you don’t owe anything, nothing is stopping you from getting a cheaper vehicle.
Have any questions about the trade-in process or want to get things started? Give us a call! While browsing our vehicle inventory at home, explore our new and pre-owned vehicle specials for additional savings on your next vehicle.