For most, purchasing a new car often includes trading in their current vehicle. Buyers usually take this approach mainly because it's easier to trade in their car and buy another in a single transaction. Sadly, many car dealerships have historically not offered fair prices on car trade-ins. At Huffines Subaru Corinth, we do things differently. We know the car-buying process can get complicated, so we work hard to simplify it as much as possible. Part of our process includes offering you a fair price for your trade - by the way, we make this commitment to all our customers.

In addition, if you own a Subaru, you can realize even more savings by taking advantage of our Trade-Up Advantage Program. Huffines Subaru Corinth has served the Corinth, Texas, region for many years. Over time, we've answered many questions regarding the car trade-in process. To continue that tradition, we create this article to help you better understand what to expect from us when you trade in your vehicle. We address the myths and misconceptions that persist and explain how our True Cash Offer works for you and us.

 image via Subaru USA

What's the Car Trade-In Process?

Trading in your car or selling your car online isn't complicated if you follow the right steps and have the relevant information. To begin with, you need to find out how much value you have in your vehicle. You can do this in several ways:

  • Bring your vehicle to us, and one of our estimators will assess its worth. 

  • Use one of the many online vehicle estimator sites to find your car's value. 

  • Take advantage of our online vehicle estimator powered by TrueCar and receive a True Cash Offer.

When you bring your car to us, one of our estimators will examine your vehicle. First, the estimator checks your car's condition and mileage and notes any aftermarket accessories or improvements you've made that might affect its worth. Then, the estimator uses our software program designed to place a fair market value based on the information gleaned. 

Nonetheless, by using our True Cash Offer system online, you simply replace our estimator with yourself. You can complete this valuation from the comfort of your living room: input the relevant information into the system and wait (for a second) for the system to generate a True Cash Offer. This system typically generates the same offer as our estimator's if they handle it for you.

That said, True Cash Offers do have a few stipulations. The most important is, the offer remains good for seven days or 500 additional miles. If you go beyond either of these, you'll have to resubmit your True Cash Offer. 

Therefore, you need to bring your car to us before exceeding these milestones. One of our estimators will then confirm the condition and mileage you reported before they certify the offer. Once it's certified, you can use your True Cash Offer toward the purchase of a new vehicle. Alternatively, you can accept the offer, take the cash, and buy another car somewhere else. Selling your car online is that simple.

You have no obligation to purchase a car from us or sell us your vehicle when you use our True Cash Offer system. If you disapprove of the offer, you can search elsewhere for a better offer or sell the car privately. Experts always recommend private sales because they often get you more money. We agree, and so we respect your decision to sell privately if you prefer. If you're still not sure about trading in you car, you can still weigh your options by buying or leasing a new car.

Benefits of Trading In

As we said, you're more likely to get more money for your car if you engage in a private sale. After all, as a dealer, we buy cars at a wholesale value because we need to profit when we sell the vehicles. So, if your situation demands you sell privately to get more money, we won't pressure you otherwise. Once you've sold your car, Huffines Subaru Corinth will happily welcome you back to buy your new vehicle from us.

Although, in our experience, many of our customers return to us after trying to sell their cars privately. Our customers tell us of their frustration with the process: placing numerous ads, answering phone calls at ungodly hours, occasional meeting with sketchy shoppers, and having to refuse low-ball bids. 

In other words, it takes time to sell your car privately, and not a little bit of effort either. Everyone puts a premium on time and energy spent, which makes our True Cash Offer program appealing. You might receive a little less money using our True Cash Offer program - though this seldom happens. But if you factor in the effort, time, and money spent trying to sell privately, the convenience of trading in your car with us makes much sense.

Fact or Fiction?

Misinformation regarding the car trade-in process continues to persist in the auto industry. Let's take a moment to address some of the more common misconceptions that continue to confuse people:

I Owe Money on My Car, so I Can't Trade It In

This is fiction. Even if you owe money on your vehicle, you can still trade it in. Lenders look at your credit score as the significant determining factor when offering a new car loan and paying off the old loan on your behalf. Our finance managers can assess your current financial situation, including your existing loan amount and the value of your trade. They'll find the best solution, and when you complete the purchase, we'll handle the paperwork to pay off your old loan, saving you time.

Can I Trade In My Car if I'm Upside-Down on My Loan?

Yes, you can still trade in your vehicle even if you owe more than it's worth. In many cases, trading in your car makes more sense than privately selling it if you owe more than it's worth. In a private sale, you'll have to pay off the remaining loan balance to complete the sale. In contrast, when you trade in your automobile with Huffines Subaru Corinth, we can find a solution that includes the additional amount you owe into your new loan.

Should I Fix Up My Vehicle Before Trading It In?

This is fiction mostly. In fact, our True Cash Offer program asks you to rate your vehicle's condition. Providing honest answers will produce a fair offer. Usually, the cost of making repairs doesn't improve the value of your car beyond what you spend. 

If you're ready to trade in or sell your car online for a new Subaru, we invite you to get your True Cash Offer today. In just a few minutes, you'll know exactly what you'll receive for your trade. Then, you can shop for a new vehicle, or if you prefer, take the cash and find a new car elsewhere.