When is the Best Time to Trade In a Vehicle in Lancaster?
There’s a lot of information out there about what the best time is to trade in your vehicle. Some say that 2015 was the best year, others say that 2020 will be the best year. But the honest truth is that there is no one best year that fits all.
The best year for you to trade in your vehicle might be different than your neighbor or even your spouse. There are a lot of factors that play into making it a good year for you to trade in your vehicle. We’ll cover some of those factors and hopefully help you decide if 2019 is the best year for you.
What Condition is Your Current Vehicle In?
First things first, you need to check the condition of your vehicle. Does it work well or is it unreliable and difficult to start up when you need it most? Depending on what answers you reach, you may or may not be ready for a trade-in. After you’ve answered all of these questions and other vehicle inspection questions, you’ll move on to the next step.
The Safety Question.
Next, you need to consider your safety options. Thanks to the IIHS and NHTSA safety rating systems, most manufacturers have made their vehicles extremely safe, including Toyota. Things like side airbags, accident prevention systems, and other safety features are upgraded almost every year.
If your vehicle doesn’t have some of these features you might want to trade it in. You also have to keep your lifestyle in mind, and if you start a family you may want the latest safety features for your children. Some of these cutting-edge features include lane departure warnings, blind spot monitoring, and other advanced safety features that can give you peace of mind on the busy roads of Lancaster. Safety is the one technology that is always worth the trade-in.
Are You Financially Ready to Trade In?
The next and probably the biggest concern for a lot of drivers is price. Is your potential trade-in running up your monthly expenses? Do you have to constantly take it in for repairs? It can be frustrating to fix an issue and then have another one pop up. Or maybe you’re close to finishing off your car payments for your potential trade.
Depending on how you handle stressful situations, it might be easier to trade in your vehicle. Or if you’ve balanced your budget and know how much car you can afford, it might be a good time to trade it in. You’ll have to sit down and do the math and take into consideration incentives and specials going on at your local Toyota dealership.
How Much Work do You Want to do?
Last but not least is the option to sell privately and then buy a new car. That can come with a lot of headaches if you’re not a savvy bargainer. You might end up with less money than your car is worth, or if you are a good bargainer you could end up making more money. With a dealership, however, you will always know exactly where you stand. The best part is, you can apply that trade-in value directly toward your new vehicle.
All you need to do is come to Lancaster and find a vehicle to trade it in against, and we’ll do the rest. If you want to sell it, you may be able to get a little more – but you’ll have to deal with the hassle of posting it for sale, screening offers, meeting with potential buyers, working on relationships so that if one offer drops out you’ll have another to go to, transferring the title and tags, and so much more.
Want to learn more about the best time to trade in a vehicle? Ready to trade in your vehicle? Contact our staff at Lancaster Toyota for more information or schedule a vehicle appraisal!
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