Trading in your old vehicle, as opposed to keeping it, is very beneficial. As your Lincoln dealership, we want to tell you about some of the many trade-in benefits you’ll receive when you bring your old car to us.
3 Trade-In Benefits Available at Your Lincoln Dealership
It’s Hassle-Free
Trading in your old vehicle is easy and hassle-free. The first step is to find out your old car’s value, and you do this online from the comfort of your home. The Trade Appraisal tab on our website allows you to submit your vehicle details, and we’ll contact you with its trade value. If you’re satisfied, bring your old car to us. We’ll confirm the valuation and give you a credit for its value to apply against your new Lincoln.
If you wanted to sell your old car and use the money toward your new Lincoln, it could be a potential headache. You’d need to make sure your vehicle has all its services up to date, and any issues like scratches will need repair to get the best price possible. You then need to advertise and have the inconvenience of strangers asking countless questions and wanting to test drive it to decide if they want to buy it.
You Save Money
As a vehicle gets older, more complex systems need repair or replacement, and this can add up. Trading in your old car frees you from these costs, and your new Lincoln will require very little maintenance for several years. In addition, it’s covered by warranty, so in the unlikely event of an issue, any repairs will be performed at no charge.
Some drivers are sentimental about their old car and don’t want to part with it. If you decide to keep our old vehicle, you will have to budget for its repair costs. You will also need to pay for its insurance and registration. It’s also important to remember that depreciation lowers a vehicle’s value, so the longer you keep it, the more difficult it will be to sell it if you change your mind, and the less you’ll receive.
You Save Tax
Everyone wants to pay less tax, and trading in your old car helps you to do just that. In Maryland, the value of a trade is deducted from the price of your new vehicle, and you only pay tax on the difference. Since the tax is 6%, if you have a high trade value, you can save a lot of money.
If you decided to sell your old car, you would have to pay the 6% tax on the money you make from selling it, and you would also pay 6% tax on your new Lincoln. That’s a lot of tax.
Value your trade today by contacting us at Koons Lincoln of Bethesda in Bethesda, MD.
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