Vehicle Trade-In FAQs

Drivers near St. Louis, Chesterfield, and Kirkwood, Missouri: Are you looking to trade in your car but don't know where to start? Our team at Glendale Chrysler Jeep Dodge Ram (CJDR) knows all about that-that's why we're here to help. We've put together this page of vehicle trade-in FAQs (frequently asked questions), so you and other Missouri drivers can get a leg up on the car-selling process.

If you want to get ready for a trade-in, read on for more information.

#1 of 3 Big Qs: Why Should I Trade My Car?

All right, let's break it into three questions. The first one is obvious: Why should you trade in your car, anyway? Naturally, it depends on the driver, but if you think it could be an option for you, there are a variety of upsides that come with turning in your set of keys for another.

For one, a trade-in provides a down payment on the vehicle you're interested in. This is an even bigger bonus if you increase your used car trade-in value through a few different alterations-routine maintenance, deep cleaning, etc.- because that value can be applied to the new one.

Likewise, trade-ins are quick and convenient. Pull up to our dealer, set up your contract, and drive home in the ride you've been dreaming of.

#2 of 3 Big Qs: Can I Trade in My Car for a Lease?

Next up: Can I trade in my car for a lease? The short answer is yes, you can! If you take payment from your trade-in and put it down toward a lease, your monthly costs will be diminished. You could also apply it to the amount due at signing or divide it between both. As with anything, it's up to your discretion.

Remember, leases are a temporary loaner to drive, so you'll return the leased vehicle when the time comes. Of course, if you loved it, you could always talk to the company you leased from about keeping your set of wheels. In the meantime, lessees can expect to pay for the vehicle's depreciation over the course of the contract. It's a good idea to talk to our dealer about your options when it comes to trading for a lease.

#3 of 3 Big Qs: What Happens to a Trade-in?

So, when it really comes down to the entirety of the process, what happens to your trade-in when you drop it off? It varies based upon the dealer. Some can be resold as pre-owned vehicles, while other vehicles might be auctioned off and purchased by other dealers who then sell them as used cars.

If a vehicle is sold at an auction, it might not match its original resale value, but that gap is considered to be a sales incentive.

Come to Us With Your Questions

Now that you've read all about these vehicle trade-in FAQs, do you have a grasp on how you want to go about trading in your car? Great! Our team at Glendale CJDR is here to help. We make it our mission to assist St. Louis, Chesterfield, and Kirkwood, MO, drivers get their trades ready so they can take home the ride of their dreams. That means, we're here to help you!

Get in touch with us today and come to us with your questions. We'll be happy to help you every step of the way.