Trade-In FAQ From Phil Hughes Honda

Man Giving Thumbs Up Holding Keys In Car

Phil Hughes Honda Will Buy Your Car!

At Phil Hughes Honda, we believe in making car shopping and car buying as easy as possible. One way we make that goal achievable for our Bogart customers is by offering a hassle-free way to sell their used cars. Not everyone has the time or desire to become a private party seller — and that’s where Phil Hughes Honda comes in. We will buy your car, so you don’t have to worry about posting ads or screening buyers. Then, we’ll help you put your car’s value toward the new Honda or pre-owned vehicle you truly want. 

 

What’s The Cash Offer or Trade In Value Of My Car?

Curious what your car might get you? Using our handy value your trade-in tool from Kelly Blue Book, you can get an instant cash offer that you can bring in to Phil Hughes Honda today! Just input some information about your car, as well as your contact information, and you’ll get the value you can expect from Phil Hughes Honda. Keep in mind, there are a few factors that affect trade-in or dealer-sale value, including: 

  • Mileage 
  • Mechanical condition 
  • Car features 
  • Exterior/Interior condition 
  • Market landscape 

How Do You Trade in a Car?

After you’ve received your cash offer, it’s time for an appraisal of your vehicle! Our Athens dealership can take of this step for you by checking your trade-in out and verifying the information provided during the online process. We’ll examine the condition of your car and make sure it’s a good fit for our used car inventory. When you visit for your car’s appraisal, be sure to bring your trade-in estimate from KBB! 

Once we’ve examined your car, your KBB offer can be used for a cash offer where we buy your vehicle, or as the trade-in amount on your current car. Decide what you prefer, and finalize the transfer! We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the trade-in process transparent and simple. In fact, there are a couple of major advantages to selling your car to a dealership, including:

  • You can haggle at a dealership. We encourage our customers to always do their own research to make sure they’re getting the most reasonable trade-in offers. 
  • Can you trade in a car you still owe on? You can with a dealership. If you’re upside down on your car loan, you can consolidate what’s owed on your current car with the price of your new ride. 

Value Your Trade-In: FAQs

Q: Can you trade in a financed car?

A: Yes, you can. If you have positive equity on the car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan — meaning you’ll still need to pay it off eventually. 

Q: How soon can you trade in a financed car? 

A: There’s no time limit that’s set in stone, but it’s a good idea to wait until you have positive equity. 

Q: What does it mean to be “upside down” on a car loan?

A: Being “upside down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity. 

Q: Can I trade in my car for a cheaper car? 

A: If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car; you can do what you’d like with it. 

Make Phil Hughes Honda Your Automotive Partner Today! 

If you have questions about how to trade in a car that is paid off, or how to get the best possible offer, don’t hesitate to contact us online or give us a call at 706-395-2270. While you’re here, be sure to browse our current new and pre-owned car specials to start shopping for your next great offer near Woodlands

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