Sell Your Car in Houston, TX
After you pick out a new Mazda CX-5 lease deal from our dealership and apply for financing, you’ll probably be thinking about what you should do with your current vehicle. Many of our customers wonder if they should sell their car independently or for cash at our dealership. When you’re ready to sell your car near Houston, TX, we invite you to value your trade for free at our dealership.
Selling your car to our dealership is quick and easy. When you try to sell your car by yourself, you have to go through the hassle of posting ads, responding to phone calls and text messages at odd hours, meeting sellers for test drives, and negotiating a price. Instead, skip those headaches by getting fair market value for your vehicle at our dealership.
What Do You Need To Know?
Along with our car buying tips and tricks, we make it easy to estimate value for your car in Houston, TX. All that’s needed to get your trade-in value is some basic information about your car, such as the year, make, model, and mileage. Once we know more about your used car for sale and any additional options that add to the value, we’ll make you an offer.
Our trade-in offer carries no obligation. Once we tell you what we’re willing to pay for your car, you can accept the offer and apply your trade-in value towards your next vehicle purchase or decline the offer and keep your vehicle. It’s entirely up to you.
You can also provide your car’s Vehicle Identification Number (VIN). The VIN can be found on your registration or insurance cards as well as on the vehicle itself. The VIN is generally located in the bottom corner of your car’s windshield or the driver’s side door jam.
Give our dealership a call if you need any assistance locating your VIN. If you’ve purchased your car with us or come in for one of our service specials or oil change coupons, we’ll have your vehicle information on file.
What is the Trade-In Value of My Car?
If you’re wondering, “What is my used car worth,” the answer is just a few clicks away! Using our handy value your trade-in calculator, you can get an estimated car trade-in value from the comfort of your home or office. Simply input some information about your car into the trade-in value calculator, as well as your contact information, and you’ll have an estimate right away. If you’d like to do additional research, you can cross-reference using popular resources, such as Kelley Blue Book and Edmunds True Market Value®. Keep in mind, there are a few factors that affect trade-in value, including:
- Mechanical condition
- Car features
- Exterior/Interior condition
- Market landscape
How Do You Trade in a Car?
After you’ve received your trade-in estimate, it’s time for an appraisal of your vehicle! Our Houston dealership can take of this step for you. We’ll examine the condition of your car and make sure it’s a good fit for our used car inventory. When you visit for your car’s appraisal, be sure to bring your trade-in estimate!
Once we’ve examined your car, you can negotiate or accept our offer and finalize the sale. We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the trade-in process transparent and simple. In fact, there are a couple of major advantages to selling your car to a dealership, including:
- You can haggle at a dealership. We encourage our customers to always do their own research to make sure they’re getting the most reasonable trade-in offers.
- Can you trade in a car you still owe on? You can with a dealership. If you’re upside down on your car loan, you can consolidate what’s owed on your current car with the price of your new ride.
Value Your Trade-In: FAQs
Q: Can you trade in a financed car?
A: Yes, you can. If you have positive equity on the car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan — meaning you’ll still need to pay it off eventually.
Q: How soon can you trade in a financed car?
A: There’s no time limit that’s set in stone, but it’s a good idea to wait until you have positive equity.
Q: What does it mean to be “upside down” on a car loan?
A: Being “upside down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity.
Q: Can I trade in my car for a cheaper car?
A: If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car; you can do what you’d like with it.
Make Greenway Mazda Your Automotive Partner Today!
If you have questions about how to trade in a car that is paid off, or how to get the best possible offer, don’t hesitate to contact us online or give us a call at (832) 356-1000. While you’re here, be sure to browse our current new and pre-owned car specials to start shopping for your next great offer near Sugar Land!