One of the easiest ways to lower the cost of a new or pre-owned Toyota vehicle is to offer up your previous vehicle as a trade-in. That said, we find that many of our customers here at Hall Toyota Virginia Beach don’t always understand how the vehicle trade-in process works.
To help settle some of that confusion, we decided to put together this overview to help answer any questions our Virginia Beach, VA customers may have!
How Does a Trade-In Work?
Put simply, you agree to sell your previous model to our Elizabeth City Toyota dealership in exchange for a cash value. You can then use this value toward the purchase of a Toyota vehicle. Financially, it’s basically increasing your down payment in a quick and convenient way.
How Do I Know If I’m Getting a Fair Offer?
Trade-in values are typically lower than private party sale values because dealerships are taking on the responsibility of reconditioning and advertising the used automobile, but if you’d like to know the neighborhood of what your car may be worth in trade, you can use your value your trade-in tool right here on our website.
Rest assured we will always offer a fair trade-in price, however. We would never sell you short.
There is no need to make major repairs before a trade-in, as they will not impact the offer price much, but we do suggest cleaning it up as best you can and making it look as presentable as possible.
Trade in Your Vehicle at Hall Toyota Virginia Beach
If you’re interested in lowering the overall price of your new or pre-owned Toyota model purchase, we recommend trading in your old model. It’s a convenient way to save money and speed up the process of taking home the new vehicle you want!
