Ready to upgrade your car? This can also be overwhelming; certainly, there’s lots to think about in order to make the right decision. Nevertheless, there are options to help you make the right choice for your needs. Following this thought, today’s guide takes a look at some of the main benefits of selling vs trading in. Hopefully, this will help you decide which option might suit you better.

Why People Choose to Sell Their Car Privately.

If you decide to go down the fully private route, there are ways to protect yourself. For example, always run a car history check on your chosen upgrade to make sure it’s genuine. This will ensure the car does not have any outstanding finance recorded against it and is not recorded as stolen by the police or insurance companies. If you’re not sure, sticking with a highly reputed and professional local dealer might be a better option.

Notably, there are several key benefits associated with selling the car on, including the following:

• Price: For the best possible price, selling your car privately is a must. But, when you trade in through your local vehicle dealership or branch, they’ll expect their cut. As such, if you want to keep more of the value, selling it privately can help you get more than you might get otherwise.
• Selection: When you trade a car in, you’ll need to choose from one of the cars the dealer has in stock. However, this can be a limited selection, meaning your choice will be limited. However, when you sell privately, you then have the freedom to buy any car you want. This doesn’t restrict you from buying a car from another dealer, either.

Reasons to Choose to Trade In

With that in mind, there are also benefits associated with trading your old car in to a dealer. Perhaps the biggest benefit is the simplicity that trading a car in can offer. This helps take the hassle out of selling a car privately; after all, there’s lots to do, from cleaning the car to photographing it, putting it online and marketing it, etc. Thus, if you want a simpler process, trading in could save lots of time. In addition to this, dealers can also do touch-up work on your behalf, so you won’t have to worry about this factor. And, of course, dealers still have to offer a fair price for your car; while they will expect to make a cut, you’ll still retain most of the value.

Of course, another benefit of trading in is that you’ll subsequently buy your next car from the dealer, reducing the risk of being caught by a scammer or fraudulent seller.

To Sell or Trade In an Old Vehicle

Upgrading a car comes with a couple of caveats. Just one such thing to consider here is what you should do with your old vehicle. Well, there are three main options here. Either you keep the car as a spare, sell it to someone else, or trade it in.

Now, most people won’t simply be able to keep another car. This can be prohibitive for both financial and practical reasons. This leaves the two other options: selling it on or trading it in.

But which is better isn’t always clear cut. Usually, this will come down to individual circumstances and what you are looking to achieve.