Advantages of Trading In Your Vehicle

When drivers begin to shop for their next vehicle, many are left wondering what they should do with their current car, truck, or SUV. While some may choose to sell it privately, many drivers prefer to trade their vehicle in to a dealership. Wondering what the advantages are of trading in your vehicle at Hogan Chevrolet? Below, we’ve highlighted all the major reasons why vehicle owners choose to trade in their vehicle, rather than sell it themselves.


Private Sales Are Stressful and Time-Consuming

While private vehicle sales come with certain advantages, many vehicle owners find the stress and time-consuming process more of a hassle than it’s worth. When drivers choose to sell on the private market, they’ll need to take the time to advertise their vehicle, meet with potential buyers, and handle all the necessary paperwork to transfer ownership of the vehicle.

Additionally, depending on the vehicle and local market conditions, it may take some time for a potential buyer to be found. During this time, drivers will still be responsible for costs associated with their car’s insurance, and potentially its maintenance, as well. Over time, these factors can diminish the additional value associated with the private vehicle market.

Trading In Your Vehicle Is Convenient

Because private selling is seen as a hassle by many vehicle owners, others choose to trade their vehicle in at a local dealership. The dealership’s team will handle most of the relevant paperwork, making the process far easier for the driver. Drivers who are interested in purchasing a new vehicle can then put their old vehicle’s value towards their new purchase, lowering their monthly payments.




What Affects a Vehicle’s Trade-In Value?

Many different factors can impact a vehicle’s trade-in value. The most critical factors include the vehicle’s mileage, condition, age, and overall market demand for the model in question. Other factors, such as the model’s colour or accessories, can have an influence on its value, as well.




Trade In Your Vehicle at Hogan Chevrolet

Drivers living in or near Scarborough, Ontario can trade their vehicle in right here at Hogan Chevrolet. Our team will be happy to assess your vehicle, and buy it from you for a fair and reasonable price. Have any questions about the trade-in process for our team? Don’t hesitate to call us at 1-844-939-0240, or send us a message using the secure online form below.

 Overall, drivers should base their decision to lease or buy their vehicle on how much they desire to own their vehicle, their comfort with the terms of their potential lease, and how much they’re willing to pay both monthly and over time. Drivers in or near Scarborough, Ontario can lease or buy their next vehicle right here at Hogan Chevrolet. Explore our online inventory to see our current selection of new vehicles. Have any questions for our team? Give us a call at 1-844-939-0240 or send us a message using the form below.