From the fresh smell of the interior to the brand-new tech and safety features, buying a Volkswagen sedan or SUV is an exciting time in any driver’s life.
If you’re like most Mechanicsburg, Camp Hill, and Harrisburg drivers, you’re probably hoping to trade in your current ride for a brand-new VW. While this can definitely help when it comes to financing, you might be asking, how does car trade-in work?
To help guarantee a successful experience, the team at Faulkner Volkswagen offers these car trade-in tips to use during your upcoming visit. Take a look and don’t hesitate to contact us with questions!
The vast majority of drivers today own one vehicle at a time. It makes sense, right? So, to help you more easily transition from one vehicle to the next, dealerships offer a trade-in program.
If your car is worth more than you owe on it, you can put the difference toward the purchase of a new VW. Along with a cash down payment, this can really help toward securing an affordable payment plan.
In some cases, you might still owe more than what your car’s worth. This means your current auto loan is “upside down.” In that case, you might still be able to trade in your car and have the outstanding balance added to your new loan.
This can be helpful if you drive a late-stage model and need something that’s newer and more reliable.
Check out our new Volkswagen inventory online if you’re ready to bring home a modern and reliable vehicle!
At this point, the most obvious question you may have is, how do I know my car’s value? If you’ve been around the world of car buying and selling before, you’ve probably heard the term “depreciation.” This refers to the amount a car is worth over a period of months and years.
Like most products, cars and trucks all lose monetary value. This is caused by normal wear and tear, newer technologies, and the strength of the local market.
To figure out your car’s fair market value, use our handy Value Your Trade tool. Simply enter a few bits of information to receive an initial estimate. You also can use a trusted third-party site, like KBB.com, that uses local market data.
Once you have an estimate in hand, visit our showroom to speak with one of our knowledgeable consultants. They’ll introduce you to one of our appraisers, who can officially evaluate your car.
Don’t forget to present them with your online estimate and any other relevant information about your vehicle. During this time, our appraisers will also run a vehicle history report. This report lists your car’s service records, accident history, and any open or closed recalls.
Once this process is complete, our team will present you with an official trade-in offer to put toward your next Volkswagen!
Once you have an official trade-in offer in hand, our team will be happy to pair you with the Volkswagen of your dreams. Before you know it, you’ll be hitting the streets of Mechanicsburg, Camp Hill, and Harrisburg in style!
To take the next step, visit our Finance Department page or stop by Faulkner Volkswagen today!