While buying a new car is an exciting experience, it sometimes brings the stress of figuring out how to pay for everything in a way that fits into your budget.
While any Subaru dealership will do whatever it takes to help make the numbers work, we can say with confidence that including a trade-in will improve things significantly.
What is a Trade-In?
Put simply, a trade-in is when a customer decides to sell their vehicle to a dealership. Often, shoppers decide to use the cash they receive to buy a new car, lowering the overall cost of the car and bringing down monthly payments.
How Trading In Helps You Save
There are a few different ways that customers can save money by trading in. For example, you’ll be able to take advantage of:
- An increased down payment. One way to look at a trade-in is as an increased down payment. The more money you’re able to put down up-front, the lower your monthly expenses will ultimately be.
- Less interest. The less money you finance, the less interest you’ll have to pay over the life of your loan. As a bonus, trade-ins can help make your overall loan amount lower.
- Tax advantages. Most states only require sales tax to be paid on the difference between the price of your trade-in and the price of the vehicle you’re buying. You don’t get this tax break if you sell your vehicle yourself.
- Time and advertising. Letting a dealership sell your car means you don’t have to spend any money advertising or deal with unreliable buyers.
Trading In at Lester Glenn Subaru
If you’re interested in trading in your Subaru vehicle, give us a call here at Lester Glenn Subaru and we’ll walk you through the process. It is perhaps the easiest way to lower your payments for that new vehicle you’ve been wanting to buy!