Village Nissan
25 South Unionville Ave, Unionville, Ontario, L3R 6B8
When it comes time to retire your vehicle, you may find yourself deciding between whether to trade your vehicle into the dealership or to sell it yourself. While there are pros and cons to both options, when deciding whether to trade in or sell privately, consideration of these pros and cons is key in making the right decision for you.
There are two huge benefits to trading in your vehicle at the dealership; saving on taxes and on time. In Ontario, shoppers who trade in a used vehicle for a new one only pay the tax on the difference in price between the two. So, if your trade-in value is $10,000, and your new vehicle costs $30,000, you’d only pay sales tax on the difference – or $20,000 in this case.
Trading in at a dealership makes it the dealership’s responsibility to have the car certified, re-licensed, reconditioned, inspected, and sold. This reduces your workload. With this option, you won’t need to advertise the vehicle, answer questions or spend time arranging test drives and viewings with potential buyers. You save tons of time and headaches by only having to deal with one person, at one business.
On the downside, dealers generally offer the wholesale value of a trade-in, which could be less than what a consumer might get selling privately. If you’re on the fence between trading in and selling privately, consider determining the approximate value of your used vehicle as a trade-in, by speaking to a sales representative or using blackbook.ca, versus its value if sold privately, by searching used car listings of similar models in similar condition in your area. Perhaps you discover that your local dealer will offer you $14,000 for your used Altima, and that you can sell the same vehicle privately for $15,500. In this example, the difference of $1,500 represents the cost of trading the vehicle in, versus selling it privately. This would be the cost for your time of selling the car, including advertising it, showing it to potential buyers, and handling all legal and transfer of ownership responsibilities.
When trying to determine the value of a trade-in, consumers should understand it can be affected by numerous factors including the vehicle’s popularity, its condition, mileage, colour, even the time of year or locale. There are a few ways that owners can assist in the evaluation process, such as;
At Village Nissan, we will buy your used vehicle even if you do not purchase a new one with us! Fill out our online forum to get a trade-in valuation from one of our professional sales representatives today.
March Madness Release Boasting bold shapes and undeniable style, the all-new 2025 Kicks by Nissan was in Brooklyn with an interactive experience. It’s the kind of ride that would fit right in a sneakerhead’s collection or parked in their driveway. The big reveal took place during the 2024 NCAA® Men’s Basketball Tournament at Barclays Center, which Nissan is an official partner of. "Unboxing the...
What is the purpose of transfer case fluid? Transfer case fluid is designed to cool and lubricate all the transfer case components. What problems occur in transfer case fluid? Transfer case fluid deals with a high amount of heat that negatively affects its lubrication and coolant properties. Continued driving past the recommended service interval can lead to premature wearing and expensive...
What is the purpose of brake pads? Brake pads are designed to squeeze together against the brake rotor to slow down or stop your vehicle. What problems occur with brake pads? Brake pads are wear-items and continued driving past the recommended replacement interval can lead to compromised braking and expensive repairs. How is this corrected? Your Nissan Certified Technician will replace the old,...
Powered and developed by
