If you are looking to trade in your old car to help with the down payment on a new vehicle but you are uncertain what route to take, we can help. At Jimmy Granger of Stonewall, we are here to make your trade-in as simple as possible.
Trading In Your Car
If you own or finance your car, you can trade it in for a new one. However, a leased car cannot be traded in. Instead, you must return to the original lender to find out your options.
Many people that trade in their vehicles do research to find the value first. Whether you use NADA or Trade Intel, this is a good step to take. If you are going to sell the vehicle privately, you might be able to get the fair market value for the vehicle, but this option will take some time to do.
On the other hand, you could get the trade-in value without doing anything but visiting our dealership. We offer top dollar to our customers for their trade-ins.
Additionally, you want to determine how you will pay off the loan if you still have one. It’s important to find out what the current payoff is on the vehicle. Our team can help with this if you are unsure. You will need to compare the payoff with the estimated value to determine if you have equity in the car.
Positive equity occurs when the trade-in is worth more than what you owe, while negative equity means you owe more than the vehicle is worth. In either situation, we can help you get out of your current vehicle and into a new one.
Visit Us for Your New Ford Today
Trading in your vehicle isn’t complicated when you visit your friends at Jimmy Granger of Stonewall. If you are asking, “How do I trade in my vehicle near me,” you can get started by using our trade in tool, Trade Intel to find out how much your car is worth and scheduling an appointment with our finance department near Shreveport
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