Trading in your vehicle at your Volkswagen dealership offers several advantages compared to selling it privately. It’s a quick, easy, and hassle-free way to apply your car’s value toward a new purchase. Let’s discuss several trade-in benefits so you can make a more informed decision about what to do with your current Volkswagen.
1. Quick and Easy
Selling your vehicle is a major hassle that costs significant time, energy, and money. The entire process takes weeks or even months, and by the time it’s done, you’ve vowed to never sell a car again. You may want to recall those past experiences and trade in your vehicle instead. We take care of the entire process, including appraisal, paperwork, and transfer of title. In a single day, you could arrive in your old car and drive off in your new one.
2. Save On Your New Car
When you trade in your vehicle through our dealership, you aren’t just saving time; you’re saving money, too. We will fairly assess your vehicle and offer you an appropriate credit that you can directly apply towards the down payment of your next vehicle, reducing the amount you will need to finance. Depending on what you’re driving currently and the model chosen, you may be able to practically swap one vehicle for the next.
3. Avoid Costly Repairs
If your vehicle needs repairs, a private buyer may demand that you make them prior to purchasing. Or perhaps you may feel obligated to have them fixed before even putting your vehicle on the market. And if the repairs are significant, there’s a chance they will end up costing more than what the vehicle is actually worth. You can avoid all of this by simply bringing your vehicle in as-is. We will assess it and offer you a fair value taking them into consideration.
4. Tax Savings
Trading in your vehicle offers significant tax savings that are not possible through selling it privately. The state of Wisconsin applies its 5% sales tax to the difference between the trade-in value and the cost of the new vehicle, not the full purchase price. The difference between $250 in taxes on a $5,000 difference and $2,000 for a $40,000 new-vehicle purchase is immense and can have a major impact on your wallet.
5. Avoid Depreciation Losses
As your vehicle ages, depreciation accrues, lowering its market value. Trading it in early allows you to get a fair market price before depreciation has a chance to significantly impact its value. The higher the value, the more credit you have to apply to a new vehicle. With a high enough trade-in price, sales tax on your new vehicle may be reduced to almost nothing, saving you more.
Contact Volkswagen of Milwaukee North in Milwaukee, WI to get started.
Connect with us
