Your car trade-in can be a huge asset. If you have positive equity, it can reduce how much you owe for your next vehicle. Route 9 Mazda is highlighting the best times to trade in your car.
Beginning of the Year
According to Edmunds, an online resource for the automotive industry, the first two quarters of the year are the best time to trade in your vehicle. Edmunds frequently analyzes the market and their data shows that car values are typically higher at the beginning of the year. Spring and summer also see an increase in demand, which can mean better value for your trade-in.
End of the Year
On the flip side, the end of the year is a good time to trade in because it’s a great time to shop. Many new models are released throughout the fall, so many manufacturers are offering incentives on the existing lineup. You’ll also be able to take advantage of all those holiday and end-of-year deals.
When You Aren’t Upside Down
In some instances, it’s possible to roll negative equity from your car trade-in into a new loan. While this can be tempting, it’s best to avoid it if possible. By adding the negative equity to your new loan, you’ll instantly have negative equity on your new vehicle, which can continue to snowball.
Before You Need One
Many car owners want to get every mile they can out of their vehicle. While that’s great, it’s important not to push it too far. You don’t want to feel rushed into buying a new car and you’ll always get more money for a trade-in that doesn’t need repairs.
Value Your Car Trade-In in Poughkeepsie, NY
Stop by any time to get a trade-in value estimate for your vehicle. We’d love to add it to our diverse pre-owned inventory. Visit Route 9 Mazda to get started today!
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