Car trade-in – what does it mean?

 Eldan Trade-In

Interested in selling your old car but struggling with the car selling procedure? Want to buy a new car but looking for a way to reduce the cost? A trade-in deal is exactly the solution to all these problems. So what is a car trade-in anyway? How does it work and why is it worthwhile? Let's delve into the issue.

What is a car trade-in deal? A trade-in, as its name suggests, is an exchange deal. Basically, you go to the leasing company with your old car and leave with a new car. Here is a bit more detail on how it all works. The deal consists of two parts - the first part is getting a price quote for the old car the customer brings. The second part is getting a price quote for a new car from the variety of options the leasing company has to offer, and which the customer wants to buy. When the customer and the leasing company agree on the prices of both cars, the customer leaves the old car in the ownership of the leasing company as part of the payment for the new car. According to the price quote received from the company, the customer completes the financial gap to the cost of the new car and gets a new car purchased from the leasing company. Simple and easy.

What are the advantages of a trade-in deal? A trade-in deal saves you so much headache. Here are some significant advantages to illustrate this: Time-saving: Selling a car is a process that can take up a lot of your time and cause headaches, as it involves massive advertising on car selling websites and dedicated platforms, searching for a customer who will appreciate the value of your car correctly and not waste your time with unnecessary price haggling, ownership transfer, exhausting bureaucracy, and more. These are the basic steps reserved for the selling process – and that's already quite a lot. Finding a new car to buy is a process that can take even longer, from searching for a reliable seller, locating the perfect car for you, to closing a good price and warranty. A trade-in deal simply skips all these steps and consolidates the entire process under one roof – car valuation, price quote, ownership transfer, and the keys to the new car already in your hands.

Warranty and reliability: No one wants to buy a car without knowing all the details about it. When buying a car from a private seller, concerns about hidden defects, concealed disadvantages in the car, including increased fuel consumption, arise. These are things you wouldn't want to discover suddenly after you've already bought the car. In any car purchase deal, it is important for all of us to know the car's capabilities and also check them ourselves. In a trade-in deal from a leasing company – you will get a full warranty, you can be impressed by the car's performance and be sure you are in good hands.

Convenient payment: Of course, the central concept in a car trade-in deal is the payment method. When part of the payment for the new car is through the old car, the payment becomes convenient and accessible and is done in the simplest way possible. A car trade-in deal from a leasing company allows you a more convenient payment than any private deal.

Variety: Searching for a car from a private seller may limit you in terms of supply. In contrast, when buying a car in a trade-in deal from a leasing company, you can enjoy a wide variety of cars available to you, from the best companies and with performances tailored especially for you.

Guidance and advice: You know how private car selling works. Sometimes, uncertainty and lack of trust create quite a few questions about the car's real condition, whether it is the perfect car for you, and other questions that remain unanswered. When buying a car in a trade-in deal from a leasing company, you will get answers to all your questions. A guidance and advice team will be at your disposal to offer a solution to any problem and answer any question you may have.

So who is it suitable for? A trade-in deal is the perfect deal for anyone who wants to save themselves unnecessary troubles and headaches. It saves several situations you wouldn't want to find yourself in, such as:

Buying a car before selling the old one: Buying a new car requires some source of funding. Without selling the old car first, obtaining immediate funding becomes a bit complicated. Also, you might find yourself with two cars, with the cost of maintaining them falling on you inevitably.

Selling the old car before buying the new one: In such a case of problematic timing, you will have to rely on less available and much less convenient public transportation. If you are people who travel a lot, even this short period until buying the new car will become problematic and frustrating.

A car trade-in deal will solve all these problems for you. It will save you time and the headache of advertising, selling, and buying cars privately. It will put your mind at ease with comprehensive warranty and convenient payment arrangements in the trade-in deal according to the car's value. It will provide you with a variety of choices and flexibility, offer you personal advice and guidance, and prevent you from finding yourself with two cars, or alternatively, without a car at all.

Interested in Eldan Trade-In? Feel free to contact us at 3003* or on the First-Hand Car and 0 Kilometers Car website.