At Keith Pierson Toyota, we make it easier than ever to trade in and trade up to a new Toyota. If you currently drive a used car in good condition, and you're now looking to upgrade to something new, visit us right away! With our value your trade tool online, you can find out how much a used car is worth in minutes. No matter if you own a car, truck or SUV, we still want you to trade in your vehicle. So hurry down to our Toyota dealer in Jacksonville, FL, sell a car for cash, or upgrade to a new or Certified Pre-Owned Toyota today!
If you're planning to replace your current vehicle in Jacksonville, Florida, you should consider trading it in at Keith Pierson Toyota. Over the years, we've built a solid reputation for offering highly competitive values for all kinds of vehicles and a smooth and hassle-free trade-in process. So whether you want to trade-in or trade-up, you can rest assured you'll get a great head start on your car purchase at our dealership.
Benefits of Trading In Your Car at a Dealership
Like many car owners, you may think that selling your vehicle yourself will result in more money in your pocket than trading it in to a dealership. However, this may not always be true if you consider the additional costs and hassle involved in a private sale. Below are several good reasons why you should trade-in your car:
Save Time and Effort
Privately selling your vehicle can be a long-winded and stressful process. From putting up a car sales ad to going on test drives with potential buyers, you have to go through many time-consuming steps before getting the deal you want. If your car isn't very appealing, you may have to wait weeks or months to find an interested buyer.
In contrast, if you trade in your vehicle to a dealership, you can get an appraisal and drive home a different car in as little as a few hours. In addition, the dealer will do all the paperwork on your behalf and even pay off your existing car loan to obtain your trade-in vehicle's title. In other words, they can serve as a one-stop shop for getting rid of your old car, securing auto financing, and buying your next vehicle.
Get a Tax Break
One of the main benefits of trading in your vehicle is reducing the sales tax on your car purchase. In Florida, tax laws allow the trade-in value of your car to be deducted from the total price of the vehicle you want to buy, meaning you'll pay tax on a smaller amount.
Let's look at an example to get an idea of how much you can save with the trade-in tax break. Suppose you want to purchase a brand-new vehicle that costs $30,000. According to the dealer, your trade-in is worth $10,000, meaning you have to pay sales tax on only $20,000. Since Florida's current sales tax rate is 6%, you'll save $600 on your vehicle purchase.
Skip Detailing and Reconditioning
If you're selling your vehicle yourself, you need to have it appropriately detailed and reconditioned so that it can attract more buyers. Depending on the condition of your car, this can cost you hundreds or even thousands of dollars.
When you trade-in your car, you can skip detailing and reconditioning and save yourself some money. The dealership is already expecting to inspect, clean, and repair your vehicle before going on the lot. They'll factor in the cost when they calculate your trade-in value. The deduction for detailing and reconditioning is often lower than what you'll pay at an independent auto repair shop. This is because a dealer pays less than the average rates for repairs. Some dealerships have their own service centers, which makes reconditioning even more accessible and more cost-effective.
How Does a Vehicle Trade-In Work?
Trading in your vehicle means selling it to a dealership and putting the trade-in value toward purchasing another car. The process begins with you bringing your vehicle to your local dealership. After letting the receptionist or sales representative know that you're trading in your car, an automotive expert from the used car department will inspect your vehicle, test drive it, and appraise its value. When assessing the value of your car, the appraiser will look at many things, including its age, mileage, ownership history, condition, and options, and add-ons.
If you accept the dealer's offer, you can choose a vehicle out of the many new and used models on the lot. You can either opt for something that costs about the same as your trade-in or trade-up for a better car. After deciding which model to buy, you need to finalize the purchase and financing at the finance office.
The finance professionals at the dealership will help you explore your financing options and select a loan that best fits your budget and lifestyle. Even if you have a less-than-stellar credit score, they may be able to work something out to get your loan approved. Also, they'll take care of all the required paperwork and prepare several documents for you to sign. Make sure you take the time to read every document before signing on the dotted line carefully. Once everything is done, you'll receive the keys to your new vehicle.
How Do You Prepare for a Trade-In?
While trading in your vehicle is much more convenient than selling it yourself, you still need to make some preparations to ensure a smooth process and get the most out of your trade-in. Below are a few things you should do before you head down to your local dealership:
Research your car's value: It's essential to have at least a rough idea of the market value of your current vehicle so that you'll know if you're getting a fair offer from the dealer.
Pay your parking tickets: Unpaid parking tickets can prevent your vehicle's title from being transferred. So, make sure you pay your parking tickets and other traffic fines before trading in your car.
Bring the necessary documents: To trade in your vehicle to a dealership, you must provide certain documents, including your driver's license, vehicle registration, vehicle title or auto loan information, and car keys. You may also want to show the dealer your service records and repair receipts, which can help you get a better trade-in value.
Come to Keith Pierson Toyota for the best trade-in deals in Jacksonville. Feel free to contact us if you have any inquiries or want to schedule an appointment.
