Q: What are the benefits of financing through a dealer?
- We have a program in place for first time buyers
- Everything is done in one stop
- We have built relationships with our lending sources to get you competitive rates
- Multiple lender options to best fit your needs
- We have manufacturer subsidized lower rate
- We have financeable extended service contracts
Q: Should I Buy or Lease?
We have put together a page specifically for this question. Check it out here.
Q: Should I trade-in my vehicle? Or sell to a private party?
Let's take a look at your options and highlight the advantages between the two:
Trade-In Advantages
| Private Sale Advantages
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- You get a tax discount on the price difference
- You easily walk in and walk out with another vehicle
- You don't have to worry about insuring multiple vehicles
- No need to deal with unreliable buyers
- All the licensing and bill of sale paperwork is handled for you
- We will payoff the amount owed for you (if any) and work it into the new loan (no need for you to deal with your lender)
| - You could get more for its value if you find the right buyer
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Now let's take a look at the disadvantages:
Trade-In Disadvantages
| Private Sale Disadvantages
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- You may get less for its value due to the overhead in reconditioning the vehicle to make it safe and clean for the next buyer
| - You don't get a tax discount when purchasing your vehicle
- It will take time and effort to list your vehicle and to find a buyer
- You will still have to pay to insure the selling vehicle if you plan on driving it while waiting for a buyer
- There are a lot of unreliable shoppers, which can become stressful
- You will be responsible to create a bill of sale and deal with the DOL
- If you plan on reconditioning the vehicle to make it more presentable to a buyer, that adds time and expense
- If you still owe more than what it's valued at, you will owe the remainder to your lender at the time of sale in order to produce the title, which also takes time that your buyer may not be willing to wait for
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