Is It Better To Trade In or Sell Your Luxury Car?
There’s more at stake when you’re ready to let go of a high-end vehicle. There just aren’t as many buyers who can afford it, and hunting them down can be a challenge. But is it better to trade in or sell your luxury car? It comes down to whether you have flexibility when it comes to the price you want and how much time you have.
Trading It in
Pros
You’re likely ready to sell your luxury car because you want to buy another one. It makes sense to go directly to the dealer and trade it in toward the cost of your new car. It’s efficient and you’ll probably see a tax benefit. Most states only charge sales tax on the difference between the trade-in value and the new car price, which can save you a good amount of money.
Cons
You won’t get as much money as you would from a private seller. You’ll be haggling with an experienced dealer, and most likely, you won’t win. There’s also less flexibility when it comes to the money. You have to use it on your next car at that very moment. If you wanted to use part of it on something else, you’re out of luck.
Selling Privately
Pros
Almost everyone loves luxury cars. But considerably fewer people can afford them. Within that number, only a portion are looking for a pre-owned car. Even fewer of them are interested in your car brand, fewer still in your model, and some of them won’t like the color. You see the problem. When you and your buyer finally find each other, you’ll probably get a price much closer to your car’s value than you’ll get from the dealer.
Cons
The work—figuring out how to advertise the car, whether to spend money on listings, hitting every form of social media, and so on. Then, there’s the wait—are you getting responses from serious buyers? Or any responses at all? If you’re lucky enough to connect, you have to brave live meetings with strangers and go on test drives.
Eliminating Hassle
Is it better to trade in or sell your luxury car? There’s no perfect answer, because you’re either sacrificing a fair price or your valuable time. You can get close to an ideal sale by contacting a specialist who buys supercars. It takes almost no effort to get an initial price quote online, and you can count on more money than the dealer would give you.
If you choose to work with an experienced team like Nahas Motorcars, you can count on something else: convenience. Nahas can come to you wherever you are in the country, make you an offer on the spot, and hand over a certified check—all within an hour. If that sounds like the best of both worlds to you, contact us to find out what your high-end vehicle is worth.