Value Your Trade
Calculate Your Trade-In Value Today in Vicksburg
Are you interested in trading in your existing vehicle or perhaps you want to know “How to trade-in my car?” At Cannon Toyota of Vicksburg, we believe in making car shopping and car buying as easy as possible. Our online trade-in calculator can provide you with the right trade-in car estimate based on your make and model. We’ll buy your vehicle and offer you the value it’s worth directly. Yet for those who want to learn more, read on!
What is The Trade-In Value of My Car in Vicksburg?
A lot of interested buyers are usually wondering “What can I get for my car now?” The trade-in calculator will provide the right trade-in estimate. You can also do it online at home or on your phone. Follow the prompts and input some information and your contact info. Remember that certain things will impact the final estimate including:
- Mechanical Condition
- Car Features
- Exterior/Interior condition
- Market Landscape
If your car hasn’t beenserviced in some time or has had accidents or other issues, it can impact the final value of your vehicle. Whether you live in Vicksburg or Tallulah, LA, we’re here to walk you through every question.
How Do You Trade in a Car?
You might be surprised to know, but “How to trade-in my car?” is probably the most often asked question we’ve received in ouronline portal. Here’s a straightforward set of steps to trading in your vehicle:
- Once you’ve determined your trade-in value, you can explore our inventory of new andused Toyota vehicles.
- If the trade-in car estimate doesn’t cover much of your next purchase, you can reach out to ourfinance department and look at possible coverage for the remaining amount.
- If the car you’re trading in has an existing loan balance, this can be tricky. Reach out to our finance experts and they can determine if this is the best decision at the moment.
- When you’re ready to come from Clinton, or wherever you live, to trade in your vehicle, bring the following documents along: Title, Auto Loan Payoff Information, Registration, and Key. Bringing along your Owner’s Manual or anything related to Service History would also be appreciated.
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.
Trade-In Your Car With Cannon Toyota of Vicksburg in Vicksburg!
If you’re looking to get the most trade-in value out of your existing vehicle, turn to Cannon Toyota of Vicksburg for your trade in. Contact us online or call us at (601) 852-6043. We also have a variety of lease end options and credit assistance programs at our dealership. Whether you live in Vicksburg or Clinton we want to be your Toyota dealership of choice. Looking forward to working with you soon!