When selling a used car, many drivers think it’s best to sell your car every two to three years. While the advantages of driving a new vehicle at this interval may seem enticing, that is not always the best route for everybody. That’s why we’ve assembled a brief guide to the personal factors and timing that determine when to trade in a used car in Franklin TN.
When to Trade In a Used Car
Several methods determine whether it’s worthwhile to trade in a used car. First, estimate your car’s trade-in value by utilizing our trade-in tool. If this amount is high enough to lower your monthly payment on a new car, then now is likely an excellent time to consider trading in your vehicle.
Another thing to consider is the cost of maintenance. Is your used car spending more time at the mechanic’s garage than it is in your own? If you’re finding you’re spending a fortune on car service or your vehicle is facing a high repair bill, it can be worth it to cut your losses and trade in your car for something that won’t require as much maintenance.
When Not To Trade in a Used Car
Some drivers faced with higher monthly payments than they initially anticipated when they purchased the car may be tempted to trade it in. However, going this route can lead to more financial issues than you may realize and is not recommended.
At Alexander Automotive, we will buy your used car even if you don’t buy ours. Use our trade-in tool to get an idea of your used car’s value, then bring it to us for an in-person inspection.
