How Does Trading in a Car Work?

August 9th, 2018 by

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Trading in your car at a dealership can be a great way to conveniently get rid of your old vehicle while also helping you to pay for the down payment on a new Mercedes-Benz model. At Mercedes-Benz of Rocklin, drivers from Lincoln and throughout the surrounding areas can trade in their vehicle right now at Mercedes-Benz of Rocklin, where you can always expect top dollar for your vehicle. Find out how trading in your vehicle works, and then value your trade online to get an idea of what it’s worth.

Ways to Trade in Your Car

Trading in your car differs depending on how much money you have left on you vehicle loan:

  1. Vehicle Already Paid Off – If you already own the vehicle outright, then the lien has already been lifted on the car and you possess the title. In this case, simply make sure you have the title with you and the trade-in transaction should be fairly straightforward and easy.
  2. Amount Left on Loan Less Than Car Value – If the amount the dealer is purchasing the vehicle for is more than the amount left on the loan, then the dealer will likely pay off the loan for you to lift the lien, and then give you the remainder in cash or to help out with your down payment.
  3. Amount Left on Loan More Than Car Value – If the dealer is buying the car for less than is currently left on the loan, then you will be responsible for making up for the difference in cash in order to lift the lien and complete the transaction.

Trade in Your Vehicle Near Roseville at Mercedes-Benz of Rocklin!

Get the money you need to help you out with the down payment on your next luxury car near Loomis with a trade in at Mercedes-Benz of Rocklin. Our dealership is open seven days a week at 4747 Granite Drive in Rocklin, CA, and you can reach us online or call us directly at 888.487.0370. We have a full selection of premium luxury cars to buy or lease, and our staff is here to help you today!