Signs You Should Trade In Your Car

Customer and dealership salesperson exchanging keys

Are you on the fence about driving your car a bit longer or trading it in for a newer model? It’s a big decision, and you want to make sure you get it right. You can make the decision much easier by looking for signs that you should trade in your car. If you notice any of these signs, take your vehicle to a local dealership.

It Has Lots of Miles

If you’ve driven your car for a long time, it likely has lots of miles. As the miles pile up, you’ll find yourself closer and closer to expensive repairs. Many cars start to need repairs around 30,000 or 40,000 miles, and the repairs increase as the mileage goes up. Trading in your car earlier can help you avoid spending lots of money on repairs. You can also get more value for your trade-in by taking it to the dealership sooner rather than later. As a general rule, most dealerships offer quite a bit more for trade-ins that have fewer than 100,000 miles. If your car is approaching that milestone, it’s time to consider trading it in.

You Have Equity in the Car

Is your car paid off or worth more than what you owe? If so, it’s a great time to trade in your car. Then, you can use your trade-in to pay off the remaining loan if there is a balance. The rest of the amount will go toward the cost of your new car. On the other hand, if you owe more than the car is worth, it’s a good idea to finish paying off the loan. That way, you won’t be upside down and have to take out a larger loan to finance your new vehicle.

It’s Summer

Have you noticed all the new cars on the road lately? People tend to buy cars in the summertime, meaning your trade-in value is at its peak. If you wait until the winter, you could end up getting less for your car. With that in mind, now is a great time to head to a local dealership.

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You Are Ready for an Upgrade

You also need to ask yourself if you’re ready to upgrade your vehicle. Have you had your eye on a new car that you want to drive? You want the new ride, but you don’t want to have two cars. That’s a huge sign that it’s time to take your car to a dealership.

If you’ve noticed any of these signs, trade in your vehicle at Wilson County Hyundai in Lebanon, Tennessee. We use the Kelley Blue Book value when determining trade-in values. This allows us to offer fair, accurate values for our customers. We also have a full lineup of new Hyundais, making it easy to upgrade when you shop with us. In addition, you can browse through our pre-owned options to find the ideal vehicle.