Value Your Trade
Value Your Trade
Four simple steps to discover your car’s Kelley Blue Book value.
About Kelley Blue Book® Values
For over 90 years, Kelley Blue Book has been The Trusted Resource for used car values, helping car owners understand what their used car is worth. Kelley Blue Book Values are the results of massive amounts of data, including actual sales transactions and auction prices, which are then analyzed and adjusted to account for seasonality and market trends. Kelley Blue Book Values reflect local conditions in over 100 different geographic regions and are updated weekly to give consumers the most up-to-date used car pricing information.
Find out the Value of your Car!
If you’re wondering, “What is my used car worth,” the answer is just a few clicks away! Using our handy value your trade-in calculator, you can get an estimated car trade-in value from the comfort of your home or office. Simply input some information about your car into the trade-in value calculator, as well as your contact information, and you’ll have an estimate right away. Keep in mind, there are a few factors that affect trade-in value, including:
- Mileage
- Mechanical condition
- Car features
- Exterior/Interior condition
- Market landscape
Genesis of Northampton will buy your car
At Genesis of Northampton, we believe in making car shopping and car buying as easy as possible. One way we make that goal achievable for our Northampton customers is by offering a hassle-free way to sell their used cars. Not everyone has the time or desire to become a private party seller — and that’s where Genesis of Northampton comes in. We will buy your car, so you don’t have to worry about posting ads or screening buyers. Then, we’ll help you put your car’s value toward the new or pre-owned vehicle you truly want.
How Do You Trade in a Car?
Once you’ve received your trade-in estimate, the next step is a quick in-person appraisal. Our team at our Northampton location will inspect your vehicle’s condition and complete the evaluation. It’s a smooth, convenient process designed to get you one step closer to your next vehicle.
When you come in for your appraisal, don’t forget to bring your trade-in estimate with you!
Value Your Trade-In: FAQs
Q: Can you trade in a financed car?
A: Yes, you can. If you have positive equity on the car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan — meaning you’ll still need to pay it off eventually.
Q: How soon can you trade in a financed car?
A: There’s no time limit that’s set in stone, but it’s a good idea to wait until you have positive equity.
Q: What does it mean to be “upside down” on a car loan?
A: Being “upside down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity.
Q: Can I trade in my car for a cheaper car?
A: If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car; you can do what you’d like with it.
Tax Benefits When You Trade In
Did you know trading in your vehicle could save you hundreds — even thousands — in sales tax?
When you trade in a vehicle in Massachusetts, the value of your trade is subtracted from the purchase price of your next vehicle, reducing the amount of sales tax you owe. Talk to our team today about how much you can save by trading in — and make your upgrade even more affordable.
Make Genesis of Northampton Your Automotive Partner Today!
If you have questions about how to trade in a car that is paid off, or how to get the best possible offer, don’t hesitate to contact us online or give us a call at 413-367-5373. While you’re here, be sure to browse our current new and pre-owned car specials to start shopping for your next great offer in Northampton!