We Will Buy Your Car
Whether you’re looking to sell or trade your Mazda or another make of vehicle around Warwick, the team at Compass Mazda makes the entire process easy. In the past, selling a car involved listing your vehicle, corresponding with prospective parties, meeting up with potential buyers, drafting a bill of sale, and handling all the paperwork on your own. Luckily, you can now ditch all the extra leg work by having us do it all for you.
What is the Trade-In Value of My Car?
If you’ve never sold or traded in a vehicle in the Goshen area, you may be wondering how the process works and how much you can get for your car. The answer is just a few clicks away! By using our helpful trade-in valuation tool, you can get an estimated car trade-in value from the comfort of your home or office. Simply input key details about your car into the easy-to-use form, as well as your contact information, and you’ll have an estimate right away. Keep in mind, there are a few factors that affect trade-in value, including:
- Mileage
- Mechanical condition
- Car features and accessories
- Exterior/Interior condition
- Market Value
How Do You Trade in a Car?
After you’ve received your trade-in estimate, you’ll choose a date and time to bring your vehicle to our Middletown dealership for a full appraisal. During the appraisal, we’ll examine the condition of your car and make sure it’s a good fit for our pre-owned inventory. When you visit for your car’s appraisal, be sure to bring your trade-in estimate to compare the results of each appraisal.
Once we’ve examined your car, you can negotiate or accept our offer and finalize the sale. We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the trade-in process transparent and simple.
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. We will purchase the car and pay off the loan, then apply the leftover balance toward the purchase of a new vehicle, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), we 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 as having negative equity. For example, if you owe $30,000 on a car that’s worth $25,000, this means you have negative equity.
Q: Can I trade 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, we can purchase the vehicle 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.
Sell Your Car to Compass Mazda Today!
If you have additional questions about how to trade in a car and get the best possible offer, don’t hesitate to contact us online or give us a call at 888-413-5629. When you’re ready to pick out your next ride, be sure to browse our current new and pre-owned vehicle specials for extraordinary savings and upgrade your Port Jervis commute in style!