As with most niche markets, it can often be difficult to separate fact and fiction when it comes to car trade-ins. Some of the ideas people have about selling your car to a dealer or trading it in are so backwards that one can't help but wonder where they originated.
Let's dispel some of those myths, shall we?
Myth No. 1: You'll Get The Short End of the Deal
Are there some unscrupulous car dealers out there who will try to get the better of you? Absolutely.
Is this the case of every car dealer? Certainly not.
If every used car dealer who bought back cars or traded in cars ripped off their customers, then they'd lose the ever-valuable repeat customer. Any used car dealer who thrives off ripping off customers is running an unsustainable business, and there are far fewer of those dealers out there than there are upstanding ones.
Myth No. 2: You Can Only Trade In a Few Models of Cars
Another prevailing myth is that you can only trade in a few in-demand models of car. As the myth goes, if you have a Honda Civic or a Toyota Camry, then lucky you. But if you have anything even slightly off the beaten path, then good luck trading in your car.
Fortunately, in the internet age, dealers no longer have to worry about taking in cars that are more difficult to market. Worst case scenario, they will resell your car online.
Myth No. 3: It's a Long and Tedious Process
If you're lucky enough to find a car dealer like Boston Car Buyers (in Cambridge), who pay a fair price on the same day you bring your car in, then selling your car is anything but tedious and arduous. You could trade in your car within 24 hours, if you want to. Just find a dealer who knows how to expedite the process for you.