Blog Layout

Is It Better To Trade In or Sell Your Luxury Car?

Amanda Delatorre • Apr 27, 2021

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.

Common Mistakes People Make When Buying Used Luxury Cars
By Amanda Delatorre 25 Aug, 2022
When buying used luxury cars, there are many mistakes that people commonly make. Look here for a recap of some of the most common mistakes many make.
What Determines Generational Luxury Car Brand Preference?
By Site Administrator 22 Aug, 2022
Generational luxury car brand preference can be an important metric to predict future car markets. Look here to learn the biggest factor to consider.
Luxury Car Companies You Didn’t Know Made EVs
By Erika Tames 18 Aug, 2022
EVs are some of the most profitable types of cars on the market today. Look here to get a picture of which companies are selling these you didn’t know about.
Electric Luxury Cars: Which Porsche Models Are Electric
By Erika Tames 18 Aug, 2022
Porsche has a lot of cars that appeal to many different tastes. Read on to learn more about the models that are electric and what they bring to the table
Why You Should Consider Buying SUV Supercars
By Site Administrator 10 Aug, 2022
SUV supercars are some of the most noteworthy vehicles on the road today. Read on to learn more about why you should consider buying an SUV supercar.
BMW vs Mercedes: Which Car Is Better for You?
By Site Administrator 29 Jul, 2022
Two of the most notable titans of automotive engineering are Mercedes and BMW. Look here to find out which car is better for you and your lifestyle!
Then Versus Now: The Evolution of the BMW
By Site Administrator 27 Jul, 2022
BMW certainly has a storied history—one many are oblivious to. Look here to learn about the stunning evolution of the BMW company throughout history.
Things To Consider Before Buying Your McLaren
By Site Administrator 25 Jul, 2022
A McLaren is one of the most amazing cars to own in terms of quality and power. Look here for the top things to consider when buying a McLaren!
Reasons Why People Buy Expensive Luxury Cars
By Site Administrator 22 Jul, 2022
Buying a luxury car is not just a status message—it could be a lot more. Look here to learn about the most common reasons why people buy expensive cars.
Hidden Features You Didn’t Know Rolls-Royces Had
By Site Administrator 21 Jul, 2022
Rolls-Royce cars are renowned for their upscale construction and features. Read on to learn more about the hidden features you didn’t know they had.
More Posts
Share by: