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Who doesn't like upgrading? Whether you're getting the hottest new cell phone on the block or if you want the latest in a long-running line of your favorite car, upgrading is generally a worthwhile experience. However, this isn't always possible because of one main thing: money. If you were to get a new vehicle, what would be the best way to go about it? The best way to upgrade is to trade in your current product, so if you're driving an older vehicle, getting extra cash for it to secure your purchase is never a bad thing. Finding the right dealership can answer the pressing question, "who can value my trade?" If you're hunting for that perfect dealer to help you slip into a new ride, your search ends here at Newton Chevrolet of Russellville. That's right; we value your trade, so you can spend less time wondering how much you'll get for your ride and spend more time shopping for the next vehicle to sit in your driveway.
Trade-ins are a large part of the automotive market because not only does trading in your vehicle grant you more money to purchase your next vehicle, but if it weren't for trade-ins, the used market would be nonexistent. Unless you're demolishing a vehicle, there's no reason why you shouldn't get at least a bit of money for your current ride. Trade-ins are one thing, but evaluating your trade is another. This process can be a bit stress-inducing, which is why we're here to help because at Newton Chevrolet of Russellville, we can evaluate your trade so that you can start thinking about your next vehicle while we handle the rest.
The trade-in value of your vehicle is dependent on a few factors. Many market conditions play a role in the value of your vehicle, but perhaps none are as impactful as the car's condition. The automotive market isn't the only market where this happens; why would you get more money for something damaged than not? It's crucial to keep your vehicle in working order during the duration of ownership because if you want to get any trade-in value for the car, then spending money on repairs is not a good place to start. Interior, exterior, under the hood, and everything in between is considered when a vehicle is evaluated, and if one or more facets of the vehicle are broken, dirty, etc., the value decreases, sometimes sharply.
Another distinctive reason why the value of a vehicle will inevitably decline sharply is because of depreciation. The worst depreciation occurs within the first five years of ownership, and by then, the vehicle has lost 60% of its original value, a sharp decline, no doubt. While it's not surprising old vehicles will net you a smaller trade-in value than a newer one, many people don't realize how fast a car begins to lose its value after the first day of ownership. According to CARFAX, the first 20% dip in value occurs within the first twelve months of ownership. Expectedly, the age of the vehicle combined with the condition of its components goes a long way to properly evaluating it.
Luckily, evaluating a vehicle is simpler than you think. Here at Newton Chevrolet of Russellville, you can get a quick evaluation of your vehicle in one of two ways. Firstly, visiting our dealership is the best way to get the quickest and most accurate trade-in value, as we'll perform the evaluation ourselves. For those looking for a more immediate answer, our trade value tool, located on our website, will give you an estimate of your vehicle by inputting some of its information.
There are a few ways that dealerships or private sellers can evaluate your vehicle, and here at Newton Chevy of Russellville, we utilize TradePending. TradePending is a highly reputable tool with a far more recent history than others, like Kelley Blue Book (KBB). While KBB has been around for nearly a century, TradePending first launched in 2014 and is better than KBB in many ways. For example, TradePending lets its users have far more data than KBB, which is used to determine accurate evaluations of your vehicle based on current market conditions.
TradePending is designed to perform a more thorough evaluation than other tools and is ultimately a faster and generally more accurate resource that you'll be hearing far more about over time. For too long, dealerships and private sellers relied solely on Kelley Blue Book to evaluate the vehicles on their lot, and while it helps to define a generalized price range, drivers are often left in the dust as to why a vehicle has either plummeted or skyrocketed in cost. Whether it's new market trends or discontinuations, TradePending keeps you in the loop on the most up-to-date evaluation of your automobile. According to TradePending, their search tool is a whopping 60x quicker than the KBB search tool, which means quicker results for you.
The trade-in process for your vehicle is likely easier than you may have thought. People have many questions when looking to trade in their vehicle, such as "What do I do with the title, paperwork, etc.?" Trading in your car is simple in that dealerships, such as Newton Chevrolet of Russellville, will handle the paperwork for you, and transferring over the ownership is as easy as signing the dotted line. Once you've signed, all you must do is hand over the paperwork you got when you first purchased your vehicle.
We will handle any pre-existing loan deals you may have had with a bank. It's worth noting that if you were to sell your vehicle to a private buyer, the situation would be more complex and require more paperwork facilitation. With that in mind, there are many reasons why you should consider trading your vehicle at Newton Chevrolet of Russellville to get the most bang for your buck when upgrading to your next vehicle.
At Newton Chevrolet of Russellville, we'll evaluate your vehicle, take it off your hands, and help you get behind the wheel of your next one. Whether you're looking for a pre-owned car to save some money but still get an exciting ride, or if you're looking to upgrade to a brand new vehicle, possibly for the first time in your life, then our dealership is the place to go. Our trade values are competitive, our staff members are friendly and knowledgeable, and with the trade-in, we can help you secure a loan or lease for your next great set of wheels.
Finding the right loan or lease is an important part of the shopping experience, but if you start by trading in your vehicle to Newton Chevy of Russellville, the loan and lease options can widen significantly since you won't owe as much as you would without a trade-in. If you've never traded in a vehicle before, all you need to know is that our process will be effortless. If you want to alleviate yourself of one vehicle on your lot to make room for the next, then allow Newton Chevrolet of Russellville to help take the old ride off your hands and get you on the road in a shiny new one.