Value Your Trade
At Axius Chevrolet, we believe in making car shopping and car buying as simple as possible. That’s why we make it quick, convenient, and affordable to sell your car at our dealership. No more putting up flyers around Middlebury or posting your vehicle online to get your car sold. All you have to do is bring your vehicle to Axius Chevrolet, and we’ll take care of the rest.
Trade In Information
What Is the Trade-In Value of My Car?
If you’re wondering, “What’s my used car worth?”, the answer is just a few clicks away! Using our handy trade-in calculator, you can get an estimated trade-in value from the comfort of your home or office. Simply input some information about your car into the trade-in value calculator, as well as your contact information, and you’ll have an estimate right away.
Keep in mind that there are a few factors that affect trade-in value, including:
- Mileage
- Mechanical condition
- Car features
- Exterior/Interior condition
- Market landscape
How Do You Trade In a Car?
After you’ve received your trade-in estimate, it’s time for an appraisal of your vehicle! Our Goshen dealership can take care of this step for you. We’ll examine the condition of your car and make sure it’s a good fit for our used car inventory. When you visit us for your car’s appraisal, be sure to bring your trade-in estimate!
Once we’ve examined your car, you can negotiate or accept our offer and finalize the sale. We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the trade-in process transparent and simple. In fact, there are a couple of major advantages to selling your car to a dealership, including:
- You can negotiate at a dealership. We encourage our customers to always do their own research to make sure they’re getting the most reasonable trade-in offers.
- Can you trade in a car you still owe money on? You can with a dealership. If you’re upside down on your car loan, you can consolidate what’s owed on your current car with the price of your new ride.
Can You Trade A Financed Car?
Yes, you can. If you have positive equity on the car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan — meaning you’ll still need to pay it off eventually.
Trade In FAQs
How Soon Can You Trade in a Financed Car?
There’s no time limit that’s set in stone, but it’s a good idea to wait until you have positive equity.
What Does It Mean to Be “Upside Down” on a Car Loan?
Being “upside down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity.
Can I Trade in My Car for a Cheaper Car?
If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car. Ultimately, you can do what you’d like with it.
What Do You Need to Sell Your Car at Axius Chevrolet?
When you bring you car to our dealership near Elkhart, you’ll need some important information to help the process go as smoothly as possible:
- Title/Payoff Information: We’ll need these documents when you come in, and we also recommend having all title holders present. If you have a paid-off lien on your vehicle title, then you’ll need the lien holder’s release.
- Valid ID: Make sure that you and any other title holders all have valid forms of identification.
For any other questions about how the process works, reach out to our finance center at Axius Chevrolet.
