How to Trade in Your Car in Greater Sudbury for Top Dollar

At Mercedes-Benz of Sudbury, we believe in making car shopping and car buying as easy as possible. One way we make that goal achievable for our Sault Ste. Marie customers is by offering a hassle-free way to sell their used cars. Not everyone has the time or desire to become a private party seller — and that’s where Mercedes-Benz of Sudbury comes in. We will buy your car, so you don’t have to worry about posting ads or screening buyers. Then, we’ll help you put your car’s value toward the new or pre-owned vehicle you truly want. Take a moment to learn about how to determine how much your car is worth using our trade-in estimator above, as well as about the steps to trade in your car to a dealership. Then, contact us to take the next step in Greater Sudbury!

How Much is Your Car Worth?

Before you sell or trade in your car in greater Sudbury, you’ll want to use our trade-in estimator to determine how much your car is worth. You’ll find this tool above, and you can use it to get an estimated car trade-in value from the comfort of your Timmins home or office. Simply input some information about your car into the trade-in value calculator, as well as your contact information, and you’ll have an estimate right away. Keep in mind, that there are a few factors that affect trade-in value, including:

• Kilometreage
• Mechanical condition
• Accessories/customizations
• Trim level
• Model year
• Exterior/Interior condition
• Market landscape

How Do You Trade in Your Car to a Dealership?

After you’ve determined how much your car is worth using our trade-in estimator, it’s time for an appraisal of your vehicle! Our Greater Sudbury dealership can take care of this step for you. We’ll examine the condition of your car and make sure it’s a good fit for our used car inventory. When you visit for your car’s appraisal, be sure to bring your trade-in estimate!

Once we’ve examined your car, you can negotiate or accept our offer and finalize the sale. We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the steps to trade in your car in greater Sudbury transparent and simple. In fact, there are a couple of major advantages to selling your car to a dealership. For instance:

• You can haggle at a dealership. We encourage our customers to always do their own research to make sure they’re getting the most reasonable trade-in offers.
• Can you trade in a car you still owe on? You can with a dealership. If you’re upside down on your car loan, you can consolidate what’s owed on your current car with the price of your new ride.

Value Your Trade-In: FAQs

Q: Can you trade in a financed car?
A: Yes, you can. If you have positive equity on the car (as in, your car is worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in, your car is worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan—meaning you’ll still need to pay it off eventually.

Q: How soon can you trade in a financed car?
A: There’s no time limit that’s set in stone, but it’s a good idea to wait until you have positive equity.

Q: What does it mean to be “upside down” on a car loan?
A: Being “upside down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity.

Q: Can I trade in my car for a cheaper car?
A: If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car; you can do what you’d like with it.

Sell or Trade in Your Car in Greater Sudbury Today! 

If you have questions about how to use our trade-in estimator, how to get the best possible offer, or how to trade in your car to a dealership, don’t hesitate to contact us online or give us a call at 705-522-7777. While you’re here, be sure to browse our current new and pre-owned car specials to start shopping for your next great offer near North Bay! And if you plan to trade up, be sure to apply for financing in advance to streamline the process!