We Will Buy Your Car
At RDU Auto Sales, we believe in making car shopping and car buying as easy and transparent as possible. One way we make that goal achievable for our Durham 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 RDU Auto Sales 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 pre-owned vehicle you truly want. If you don’t want to buy a car, that’s fine too, we will still pay you the most for your car!
What is the Trade-In Value of My Car?
If you’re wondering, “What is my used car worth,” the answer is just a few clicks away! Using our real-time value your trade-in calculator, you can get an estimated car trade-in value from the comfort of your 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. If you’d like to do additional research, you can cross-reference using popular resources, such as Kelley Blue Book and Edmunds True Market Value®. Keep in mind, there are a few factors that affect trade-in value, including:
- Mechanical condition
- Car features
- Exterior/Interior condition
- Market landscape
- How Do You Trade in a Car?
After you’ve received your trade-in estimate, it’s time for an appraisal of your vehicle! Our Raleigh dealership can assist. We’ll examine the condition of your car and make sure the condition matches the information input online. We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the trade-in process transparent and simple. In fact, there are a couple of major advantages to selling your car to a dealership, including:
Safe and secure transfer of title and payment
Transaction is handled with in house notaries and experts who make sure you aren’t left with any extra work to do post sale.
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 it’s 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 it’s 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.
Make RDU Auto Sales Your Automotive Partner Today!
If you have questions about how to trade in a car that is paid off, or how to get the best possible offer, don’t hesitate to contact us online or give us a call at 984-777-8050. While you’re here, be sure to browse our New Arrivals at Fayetteville!