When you’re in the market for a new car, one of the most important considerations is what you plan to do with your old vehicle. Here at Gilroy Toyota, we suggest that you trade in your old vehicle to help finance a new set of wheels. Here’s why.
Trading in a vehicle can help reduce the costs associated with a new vehicle purchase. For example, the value of your trade-in can help reduce the initial down payment you place on your next car. It may even be enough to help reduce what your monthly costs would be on a new car.
Depending on where you live, there are also tax incentives for trading in your vehicle. In California, you’ll only have to pay taxes for the cost difference between the vehicle you’re trading in and the new vehicle you’re purchasing, rather than the full cost of the new vehicle. This can drastically reduce the taxes you’d encounter by purchasing the new vehicle outright.
Trading in your vehicle also saves you time, which is an important aspect to consider while shopping for a new car. After all, if you sell your old vehicle on your own, you’ll have to spend a lot of time meeting with potential buyers and negotiating a desirable price for your previous ride.
At Gilroy Toyota, we make trading in your old vehicle a simple process. We are conveniently located in the wonderful community of Gilroy, and we have staff members who are fluent in Spanish. We also have a wide variety of today’s best Toyota models, such as the RAV4, Corolla, and Camry. So, the next time you need to get rid of your old ride in favor of a new set of wheels, be sure to make the trip out to Gilroy Toyota.