in - what is it and is it worth messing with it? Trade-in

You can buy a used car not only in car markets, online auctions or through ads. Today, quite respectable car dealerships are also selling used cars. The Trade-in service has become very popular in our time.

As you might guess, the very concept of Trade-in comes from the English language. Its literal meaning is:

• exchange;
• mutual settlement;
• a method of acquiring a new thing, in which part of the cost is paid not with money, but with an older thing.

That is, you come to the salon in your car, which you own for a certain time. Managers, based on its technical condition and appearance, evaluate it, and for this amount you get a discount when buying a new or used car.

Not only car dealerships work according to the same scheme, but also electronics or mobile phone stores: “Bring your old phone and get a discount on a new one.” It is really beneficial for both the seller and the future buyer, because buying even a used car in a car dealership is a safer way to get your own transport. As we previously wrote on Vodi.su, purchasing a car through ads always involves the risk of encountering various fraudulent schemes.

Salons also benefit, because vehicles accepted under the trade-in program are put up for sale after little or no repairs. Naturally, in these operations they have a good profit.

Terms

Each company sets its own terms, but there are many common features:

• the age of the car does not exceed 7 years (foreign cars), 5 years (domestic models);
• no serious damage;
• all documents are in order, there are no discrepancies between the numbers stamped on the body and those indicated in the TCP.

Under such conditions, as a rule, official representatives of a particular automobile brand work. In such salons, they accept not only cars of their manufacturer.

Which cars cannot be traded in:

• older than the specified age;
• with significant damage;
• the operation of which does not guarantee safety;
• with obvious signs of a “drowned man”, that is, survivors of floods;
• the wear of the interior and exterior does not correspond to the declared mileage - a sign that the owners have slightly tweaked the mileage;
• with existing restrictions on registration actions;
• document inconsistencies.

It is worth saying that, in addition to dealers, used cars can be taken to pawnshops, where the requirements are not so strict. There are also many salons that deal exclusively with used cars. They, too, with a high degree of probability, will buy out a car that they refused at a dealership, however, they will offer a price 30-50 percent below the market price.

Advantages and disadvantages

The main advantages of exchanging by Trade-in:

• saving time, no need to look for buyers on your own;
• legal security;
• minimal risk of deception and fraud (although fraudulent schemes can be found even in salons);
• the opportunity to buy a new car is much cheaper.

If you rent a liquid product, a car no older than 5 years, which is in demand on the market, then the discount can reach 70 percent. Moreover, you can get a profitable car loan without having to pay a down payment.

But there are a lot of "pitfalls". Firstly, a significant loss in price, on average 15-20 percent of the market value, but sometimes it can reach 40-50%. The second minus is that not any of the cars put up for sale can be bought under this program.

Thirdly, a truncated warranty: used cars are not guaranteed. The only thing they can offer is a guarantee for some units, assemblies that were repaired or changed after the car was accepted.

Fourthly, managers will list you many factors why they charge such a low price for your used car:

• manual transmission - no one uses it anymore;
• automatic transmission - its repair is expensive;
• body defects, although these may be only small scratches;
• the model is not popular in the market;
• worn interior;
• too small or, conversely, too large volume of the power unit and so on.

By all possible methods they will try to reduce the cost as much as possible. Consider also depreciation and wear of parts.

Thus, you can easily see that Trade-in is a profitable and convenient service, but you have to pay extra for any convenience. On the other hand, no one forbids owners of used cars from selling them the old fashioned way through classifieds sites. True, in recent years, market saturation has been observed in Russia, so the sale of used cars can stretch for a long time.

Trade in . Pros and cons . How not to be deceived!

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