111 Alpha Dr Franklin, TN 37064 615-791-9898
By Appointment Only

The Benefits of Trading in Your Car

When it’s time to purchase a pre-owned or classic car from Alexander Automotive, you’re likely wondering what to do with your existing vehicle. While some buyers may attempt to sell the car themselves, which involves a lot of effort and hassle, most prefer to trade their cars at our dealership. If you’re looking to trade in your car to a dealership, these are the benefits of doing so at Alexander Automotive.

Get a Tax Break

There is a tax advantage when you trade in your car instead of selling it yourself. Here in Tennessee, tax laws allow your trade-in value to be deducted from the total purchase price. The state of Tennessee does not tax the value of your trade-in vehicle.

Let the Dealership Handle the Advertising

One of the biggest hassles of selling a car on your own is the time and money invested in advertising. You’ll find that many who respond to your ad will not turn up or will give you a lowball offer. Instead, we’ll handle selling the vehicle when you trade in your car at our dealership.

Simple and Convenient

Compared to selling a car on your own, trading in is a much simpler option. All you need to do is bring your vehicle into our Alexander TN car dealership, and we’ll give it a spin, then make you an offer that can be applied toward purchasing one of our vehicles. Alternatively, you can walk away with a check if you prefer not to buy from us.

We’ve only started to explain the many advantages of trading in a car at the dealership. Stop by Alexander Automotive, or fill out the trade-in form to find out the value of your vehicle.

Tips for Auto Loan Approval

Whether you’re in the market for a classic car or a pre-owned car from Alexander Automotive, deciding how to pay for the vehicle is a significant component of the car-buying process. While some drivers can afford to pay for a car in cash, most opt for car financing. To qualify for an auto loan, there are various factors to consider. Here are some tips for auto loan approval from the finance professionals at Alexander Automotive.

Credit Score

Your credit score is the primary factor determining whether or not you get approved for a car loan. Generally, a good FICO credit score ranges from 670 to 739, and a higher score is even better. If your score is currently below that, it might be advantageous to take some time to boost your credit score before applying for the loan. Generally, drivers with lower credit scores will receive loans with higher interest rates.

Have a Source of Income

A steady income is another crucial aspect to auto lenders because, in their view, it improves the likelihood that you will make your monthly payments. Depending on the lender and your job situation, you may need to provide one or more forms of documentation.

Consider Getting Pre-approved

Here at Alexander Automotive, you can get pre-approved for an auto loan. The process involves allowing a lender to run a soft credit check and review your credit report to determine your chances of getting approved. If you need additional assistance, you can utilize our handy payment calculator to see if an auto loan fits into your budget.

Talk to a finance professional at Alexander Automotive or apply online to get the ball rolling on your classic car loan.

Text Us