Sell My Car
If you're asking yourself, "Is it time to sell my car?" then you may be wondering how to proceed. You could handle it on your own, or you could take it to a dealership to sell it or trade it in for a more suitable model. Here at LaFontaine Lincoln Grand Rapids, we're ready to help you sell your car, allowing you to upgrade to a more appealing vehicle or receive the cash you need for pressing expenses.
Selling a vehicle doesn't have to take long, and it doesn't have to be stressful, especially when you choose to work with a trusted dealership like ours. If you want ultimate satisfaction during the selling process, we have a few tips for you. Let's discuss the ins and outs of selling your car and why you'll want to sell to our dealership for the best results.
The Advantages of Selling Your Car to a Dealer
Before we talk about why you should sell your car to a dealership, let's take a quick look at what selling it on your own consists of. First of all, you'll need to market your vehicle to the right set of potential buyers, ensuring that it's been cleaned up and properly maintained to help you get the most money for it.
You'll want to take professional-quality photos and include all the appealing details about your vehicle. Don't forget that pricing it correctly is also crucial, which can be a struggle for those not well-versed in the auto industry. You'll need to find the right buyer for it, which may take some time, prepare to haggle over the price of it, and complete all of the legal documentation for the sale.
If this sounds like too much work, you're right. When you sell to a dealership, you don't have to do any of this because we take care of all of it. You'll be able to bring your car to us and get paid right away, instead of waiting months for the right buyer to come along, and you won't have to worry about restoring it and fixing any issues.
We do all of this, and we also complete all the paperwork so that you can walk away with your money to put toward a down payment on your next vehicle. There are no extra steps, no haggling with potential buyers over prices, and no stress when you choose to sell your car to a dealership like ours.
The Differences Between Selling and Trading In
Some drivers go to a dealership to trade their car in for a better one, whereas others just want to sell their vehicle and walk away. There's no wrong or right approach to the process, but it helps to understand the differences between the two options and what to expect for each.
When you choose to sell your vehicle to a dealership, you get the money for your vehicle right then and there, to spend however you please. You could be planning on buying a bigger home and want to use this money for a down payment, or maybe you just want the extra cash in your bank account to use for a rainy day. It's important to keep in mind, though, that once you sell your vehicle to a dealership, you're down a vehicle, which means that you'll need to have someone there to pick you up or an alternative way to get home.
Trading in your current car allows you to get a value for it to put toward the purchase of another car. This not only benefits the dealership, as they will have another model to add to their used selection, but also the customer, as they'll be able to put that money toward a better-suited car for their needs. This process takes a bit more time than simply selling your car, since you also have to find a replacement vehicle and navigate the sale, but you end up driving off the lot in a vehicle that meets your needs better than the one you drove here in, which is a win-win.
How to Sell a Car You Still Owe Money On
You may assume that the only way you're able to sell or trade in your current vehicle is if it's paid off, and although that is the recommended way to go about this, it's not the only way. You're able to sell or trade your car even if you still owe money on the loan, and it helps to know whether or not you have positive or negative equity in your vehicle.
Having positive equity means that the vehicle is worth more than you owe on it, whereas owing more than the vehicle is worth is "being upside-down" or having negative equity. This isn't a great situation to be in, but it's still feasible; it just entails paying the difference or rolling it into a new auto loan.
For those who have positive equity in their vehicles, trading or selling is easy, as the excess money can be put toward the purchase of another car if you're trading it in (or something else if you're selling). Your previous lender will need to be contacted to facilitate the trade or sale, which is easily done with our team assisting in this process.
What to Expect When Selling an Automobile
Selling your car to a dealership is straightforward and satisfying, making it a recommended way to reduce your garage. Just complete the following steps to ensure maximum success with the process:
- Get your vehicle ready for sale by ensuring it's clean and any necessary repairs have been made, especially if you want to receive a higher price for it.
- Determine the value of your vehicle by using an online valuation tool (such as ours), allowing you to negotiate the best price for it.
- Ensure that you have all the necessary documentation needed to complete the sale, including the title, registration, and any maintenance logs.
- Bring your vehicle to the dealership for a professional appraisal and inspection.
- Negotiate the sale. (This is where knowing how much your vehicle is worth comes in handy.)
- When you're satisfied with the offer, you'll accept it and finalize the paperwork with the dealership associate.
- Collect your payment and walk off into the sunset.
Sell Your Car to Us
Whether you no longer need your car or you wish to trade it in for something better suited to your lifestyle, you can count on LaFontaine Lincoln Grand Rapids to provide top value for vehicles in excellent condition through a smooth and seamless selling process. We make it easy to say goodbye to your current car and either walk away with cash in hand or drive off our lot in a new vehicle that offers more of the features you require on the road.
So, if you're ready to sell your car, we're here to help! Stop by today and let us inspect your car so that we can propose a valuation for it. You can trust us and our expertise to provide you with a fair value and an easy, hassle-free selling process, making us the place to trust when you wish to sell your vehicle.