Why You Should Sell Your Used Car to a Dealership

June 21st, 2014 by

A Cincinnati used car dealership isn’t just a great place to buy a “new” car; it’s also a great place to sell your current car. While you may feel tempted to sell your car yourself on the secondary market, you will be selling yourself short if you do so — perhaps literally.

If you are looking to unload your car to make some extra cash or to upgrade to a newer car, here are a few reasons why you should sell your used car to a dealership instead of going it alone on the secondary market:

Immediate Sale

In most cases, when you bring your car in to a dealer, you can get an evaluation and an offer within an hour. You can

sell your car the same day, walking off the lot with a check or a new car. If you don’t like the offer you get, you may have a few days’ grace period to change your mind. Many dealers put an expiration on the offer, so you can come back and accept it at a later time if you like.

Sale of a Financed Vehicle

When you sell your car to a Cincinnati used car dealership, it doesn’t matter if you have already paid off the car or not. The dealership can handle the sale, paying the money for the car directly to the lender. If you owe more on the loan than what your car is worth, you can apply the balance to a new car loan, which is known as “negative equity.” If you conducted the sale on your own, you would have to pay the amount you owe in full, leaving you with fewer options.

Easier Transaction

Dealing with paperwork like titles and auto loans can be tedious and confusing. When you sell your car to a dealership, you can bypass all this paperwork and let the sales rep handle it for you. All you’ll have to do is sign on the dotted line. If you sell the car to an individual yourself, you can look forward to a lot of visits to the bank and a notary, as well as a lot of time on the phone.

When you are ready to sell your car, go straight to a used car dealership and see what kind of offer you can get. You’ll have more options, and the whole experience will be a lot easier. Plus, you may be able to ride away with a new car.