Value Your Trade

Trading in your old, reliable vehicle is a great way to save money on your next one, regardless of whether you’re on the hunt for a new, used, or certified pre-owned Honda. At Boch Honda West, we’re more than happy to inspect and appraise any trade-ins so that we can give our patrons the best possible deal. Here, we’ll list the reasons why trading in your old vehicle is a solid option if you’re a prospective car buyer and how you can maximize the value of your trade-in.

The Many Advantages of Trading in Your Old Vehicle

Trading in your old, reliable vehicle is a great way to save money on your next one, regardless of whether you’re on the hunt for a new, used, or certified pre-owned Honda. At Boch Honda West, we’re more than happy to inspect and appraise any trade-ins so that we can give our patrons the best possible deal. Here, we’ll list the reasons why trading in your old vehicle is a solid option if you’re a prospective car buyer and how you can maximize the value of your trade-in.

The most obvious advantage to trading in your old vehicle is the savings that it can generate against the cost of your Honda purchase. However, there are many other advantages. Let’s see what makes trading in such a good idea.

You Don’t Have To Spend Money on Reconditioning and Detailing

Dealerships do their own reconditioning and detailing work for each used vehicle that they accept. They know what the ideal detailed and conditioned version of your vehicle will look like, and they’re purchasing it with that in mind. When you sell to another private owner, they go by what they see, so you’ll have to cover the detailing and reconditioning yourself.

Vehicle detailing usually costs between $100 and $250, and vehicle reconditioning costs a few hundred on average. You’ll need to cover a further replacement if your old vehicle’s upholstery has taken some punishment over the years. Upholstery replacement can cost over $2,000 for common materials and more than double that for rarer or premium ones.

Trading in Has Definite Tax Advantages

In Massachusetts, which is where we are based, you do not have to pay a sales tax when you trade in your vehicle. You can also gain a tax credit for your trade-in within the state. The equation for calculating the tax credit is (State tax rate) x (Total Car Price – Trade-in Value) = Tax Credit.

For instance, if you are trading in a vehicle that’s been appraised at $5,000 and put it towards a Honda that’s valued at $20,000 with the relevant MS tax rate at 6.25%, the tax credit will be $937.50. That is a considerable chunk of change that you can easily save.

We Can Pay Down the Existing Loan on Your Trade-In

Having an existing outstanding loan on your vehicle will make selling it to another private owner nigh-upon impossible since you won’t have the title in hand. At Boch Honda West, we’ll gladly pay down the existing loan of your qualifying trade-in, so you can move on to a new, used, or certified pre-owned Honda without being restrained by it. Contact the seasoned professionals at our finance center for more information on how these kinds of loan transfers and pay-downs work.

Dealerships Are Trustworthy Buyers

There is no real way to know who you’re dealing with when you sell your old car to a random individual buyer online. Demanding a credit check can throw off potential buyers. There’s also no guarantee that you’ll get the amount of money that you’re promised when you’re dealing with a random buyer. You can be confident that you’re dealing with a reputable buyer when you trade your valued old vehicle in to a dealership.

Dealership experience with buying used vehicles is unparalleled among individual buyers. Their certifications and records are openly available to all sellers, and their relationships with their vehicle sources are long-term. If you want to be certain that you’ll get what you’re promised for your trade-in, you should trade in at Boch Honda West of Westford, Massachusetts.

Boch Will Give You a Fair Market Price for Your Trade-In

Finally, when you trade your vehicle in to a dealer like Boch Honda West, you can be certain that you’re getting the right market price for it. The value of each model year is listed exhaustively in many sources, along with depreciation rates and vehicle condition modifiers. Our professional and courteous staff can walk you through every step of how we value your trade-in. We know that our customers value honesty and transparency, so we strive to maximize both during the trade-in process to give you peace of mind.

You Can Have Your Trade-In Pre-Appraised to Speed Up the Process

Many organizations pre-appraise used vehicles for trade-ins. There’s no need to have it appraised a second time on-site if you have a certified appraisal already in hand. Vehicle appraisals cost between $300 and $550 on average, but deals for cheaper ones aren’t hard to find.

Maximizing Your Trade-In’s Value

There are many ways for you to increase the value of your trade-in. The first way involves vehicle history research. The dealership that you trade in with can help you to obtain a detailed history of your vehicle to give you an accurate idea of its base value. This information, which is tied to a multi-point inspection of the trade-in, will reveal the issues that need to be addressed to maximize the value of your trade-in. These issues must be resolved. The longer the list of unresolved issues a vehicle has, the lower its trade-in value is likely to be.

Be careful not to over-spend on these repairs. It’s possible to pay more for them than the value of the vehicle, which would negate the point of the trade-in entirely. Don’t forget to negotiate your trade-in price. There will be a base market value for your vehicle, but it may be selling for more than that regularly in your area. Study these local market trends carefully, and you can use them to your advantage.

You can get a solid deal on your trade-in at Boch Honda West of Westford, Massachusetts. Our service professionals will take a close look at it, determine its value, and pass the information on to you and our finance specialists. At that point, a deal can be worked out on a new, used, or certified pre-owned Honda that will benefit everyone involved. Feel free to contact us for more information about how you can trade in your valued used vehicle and reduce the price of the Honda that you have in mind to replace it.