Trade-in FAQ | Braintree, MA
When it's time to upgrade your daily driver, do you plan on trading in your current vehicle? Whether it's your first time trading in a car or you're a seasoned veteran of the car-buying process, you may have some questions about the trade-in process. That's why the experts at our Toyota dealership in Braintree, MA have put together this comprehensive review of the most frequently asked questions.
What is an auto trade-in?
When you trade-in your old model for a new one, the net value of your used model is put towards the purchase or lease of the new car, truck, or SUV. If you own the vehicle you are trading in, you sell the vehicle to the dealer for a predetermined price, and the price of your new car decreases. If you lease the vehicle you are trading in, the dealer agrees to pay the outstanding costs associated with the lease, and the price of your new car may increase or decrease depending on your auto financing terms.
What are the benefits of trading in your vehicle?
The most obvious benefit of trading in your vehicle is the instant savings you can put towards your new vehicle purchase. But what are the benefits beyond that?
- It is typically easier and quicker than selling privately
- The dealership handles all of the paperwork
- The sales tax on your new car purchase is calculated after the trade-in
- Any unpaid balance on your trade-in vehicle is rolled into the new lease or loan
- No matter what condition your vehicle is in, it won't be refused
How much can I expect to get?
The value of your used car, truck, or SUV depends on a variety of factors, such as mileage, overall condition, damage, and known mechanical problems. To get an estimate of what you can expect when you trade-in your vehicle at Toyota of Braintree, utilize our easy-to-use Value Your Trade tool.