Trade-In Process at Cambridge Centre HondaFeb 7th, 2020
We take all trades at Cambridge Centre Honda! Have you ever wondered what process is involved when the trading-in a vehicle? Below we’ve broken down the process as well as the benefits of trading-in your vehicle to Cambridge Centre Honda.
We appraise each and every vehicle at Cambridge Centre Honda. We believe that buying and owning a car should be easy, enjoyable and transparent. During the appraisal process we fully disclose the amount that you will receive for your trade as well as the amount you will pay for a newly purchased vehicle. By providing all information in the most transparent and easy way possible, our customers are able to make an informed decision that best suits their family’s needs and lifestyle.
Tools we use at the dealership to help maximize the value of your trade include a CARFAX vehicle history report and a paint coating tester. A CARFAX report provides us with the vehicle history to give us relevant information, such as past damage/accidents as well as servicing information, which can impact the vehicle’s value to help make an informed decision. Another factor that may impact the value of a vehicle is whether or not the vehicle still has the factory paint. At Cambridge Centre Honda, we use a small device to confirm whether the trade-in vehicle has the original factory paint or has been painted at a third party shop. We believe in doing our due diligence, through the use of these two tools, to ensure the value of the trade is both accurate and fair for all parties involved.
Benefits of trading-in your vehicle to Cambridge Centre Honda while in the process of purchasing a new or pre-owned vehicle not only includes taking the hassle and stress out of selling privately but also includes significant tax savings. When trading-in a vehicle you will only get taxed on the difference, not the full amount of the vehicle you are purchasing. The customer will be taxed on the difference between the value of the new or pre-owned vehicle and the value of the vehicle being traded in.
For any questions or inquiries visit our showroom, call us at (519) 623-5991 or visit our website.
For a free appraisal and to find out what your trade is worth visit https://www.cambridgecentrehonda.com/free-trade-appraisal/
To browse our new car inventory visit https://www.cambridgecentrehonda.com/new/
To browse our used car inventory visit https://www.cambridgecentrehonda.com/used/