Sell Us Your Car and Use It as a Down Payment
When it comes to financing a new or used vehicle, it can be tough. Any way you can find to get that monthly payment down helps. One great option is to sell us your car and use it as a down payment on your next vehicle.
Whether you’re in the Great Lakes or Western Michigan, Northern Shores, or Hudsonville, we buy cars. Today, we’re going to talk about this process and why it’s a good way to help you save money on your monthly car payment.
Why Sell Us Your Car?
You might be wondering to yourself why you should even consider selling your car to us. Even if you weren’t planning on taking what you’d make from your vehicle and using it as a down payment, you’d still get a fair price.
We pay Kelley Blue Book value for your vehicle, meaning you’re getting the best price possible. What makes this even better is what we’re talking about today: using that value as a down payment on your next vehicle.
What Goes into a Down Payment?
Simply put, if you’re in the market for a new vehicle, you may not have any use for your old one. Now, you could go through all of the hassles of trying to sell it yourself, but why deal with that headache when you have someone who will pay you a fair price and let you use that to help purchase your next vehicle?
How it works is you bring in your vehicle, we’d evaluate its worth, and we’d then offer you a price. From there you can take that amount and put it toward the purchase of your next vehicle.
Why is a Down Payment Important?
You might be asking yourself why you would even want to bother with a down payment at all. The simple answer is that a down payment on your vehicle makes it more affordable by bringing the total amount you owe down, which means you can lower the cost of your monthly financing payments. The more you pay upfront, the less you pay per month. While you can use cash for a down payment if you have it, leveraging the value of your vehicle as a down payment might save you even more money than you would if you tried to set money aside for such a purchase.
Plus, you get the bonus of having us take your vehicle off of your hands instead of trying to sell it on your own, which can be difficult if you’ve never done such a thing before.
Photo by iStrfry, Marcus on Unsplash How Does the Purchasing Process Happen?
With this particular process, once we evaluated your vehicle’s value, you would sign paperwork for the sale and then begin the process of purchasing a vehicle. This includes finding the vehicle you’re interested in and then making the purchase with one of our sales representatives.
They’ll go over financing options with you and will base everything on using the value of your old vehicle as a down payment toward the purchase. Once everything is agreed upon, you’ll sign some paperwork and be able to drive off the lot in your new vehicle.
Want to make the process even smoother? You can do a few of these steps in the comfort of your own home before even visiting our dealership. When you click on “Sell/Trade” at the top of the page, it’ll bring you to a page to value your trade.
Put in information about both the vehicle you’re planning on selling to us and the vehicle you’re planning on purchasing, and then we will reach out to you to discuss your trade-in options.
From there, once you know the value of your vehicle, you can get pre-approved for financing online by filling out our Finance Application. Once pre-approved with your trade-in, all you have to do is come down to the dealership, sign a few papers, and you can be driving home in a new vehicle in about 30 minutes.
Sell Us Your Car! At Preferred Chrysler Dodge Jeep Ram, We Buy Cars!
Whether you’re from Coopersville, Holland, or Ludington, we buy cars! Not only do we buy cars, but we also use them as a down payment toward your next vehicle so you have lower monthly payments when financing. We’ll even help you complete a finance application!
If you’re looking to sell us your vehicle and purchase a new one, give us a call at 616-201-4903 to speak with a member of our sales team today.