Posted Thursday, August 11, 2022
If you decided to trade in your car in Indianapolis, you probably have doubts about the conditions and the auto dealer to choose. The most difficult choice is when you have two roughly equivalent options in front – a multibrand used car dealership or an authorized one.
We have prepared this trade-in FAQ to help you sort things out and make the right choice.
In simple words, automobile trade in is an exchange with a surcharge. Having decided to use such a program when purchasing a vehicle, you can come to a dealership in an old car, and after a few hours leave it, sitting behind the wheel of a new one.
The procedure, in this case, is as follows:
When buying with your own funds, you only have to pay the difference in cost. If you need a car loan, the old car will go towards the down payment.
The program applies to the purchase of not only a new car but also a used one. In fact, this is the usual procedure for buying and selling.
Conditions for trade-in service when buying a new car at an authorized dealership are not so simple as they seem.
When you come to a used car dealership in Indianapolis, there are no such restrictions. At Indy Auto Man, Indianapolis, we are ready to buy your car of any brand at the market price.
When you take your car for an auto trade program, the sales consultant will perform an external inspection of the car to assess:
If no serious complaints are found, then the car will be sent for inspection to auto mechanics, where they will check in detail the serviceability of the equipment and units.
The sales consultant will study the documents for the vehicle and the legality of your ownership. You will be asked to provide:
All the rest paperwork is performed by the dealership.
At Indy Auto Man, we always rely on CARFAX history report to protect our future customers and used-car inventory. Based on the vehicle history, the dealer will check:
Yes, you can. The auto dealer will pay the loan balance and obtain the title from your lender. If your equity is positive, you can use it as a down payment towards your purchase or new lease. Try our car loan calculator.
If your old car value is higher than that of a new one, you will get a check for the difference.
The conditions vary depending on the dealer. When you buy a used car at Indy Auto Man, you have 7 days and/or 700 miles for a guaranteed exchange if something goes wrong with the vehicle you bought.
If you still have any doubts about auto trade-in, visit you are always welcome at our dealership in Indianapolis. We are ready to buy your old car at an attractive price, even if you don’t buy one from us.
Visit Indy Auto Man today and take selling your car off the to-do list!