If you’re looking to upgrade your vehicle, you’re likely wondering if you should try to sell it yourself or trade it in at the dealership. In order to make the best choice for your circumstances, it’s key to understand the pros and cons of each option.
Pros & Cons of Selling Your Vehicle Privately
Sometimes, if you sell your vehicle privately, you’ll fetch a higher selling price than what you’d get at the dealership. However, you also have to put in the time and effort of finding a buyer, meeting with them and having them take your vehicle for a test drive. Then, you’ll have to go through the prickly business of paperwork and getting them to pay you. This process will definitely delay your ability to buy a new vehicle.
Pros & Cons of Trading In Your Vehicle
Ultimately, trading in your vehicle is significantly easier and more convenient than trying to sell it yourself. Trading in your vehicle is quick and easy, and you can negotiate the value of your vehicle at the dealership — it helps to research the value of your car through guides like Kelley Blue Book. In addition, there may be tax benefits to trading in your vehicle. For instance, if you are trading in your vehicle and purchasing a new one, you may only have to pay sales tax on the difference between the trade-in value and the new car’s price.
Want to learn more about trading in your vehicle? Come visit us at Pollard Used Cars.
When you drive a new car off the lot immediately after purchase, you automatically lose a significant portion of its value due to depreciation. This is one of the major reasons that so many drivers decide to buy used models—they do not suffer the same major depreciation that new cars do upon purchase.
But if you’re buying used at Pollard Used Cars in Lubbock, how do you know which car to choose? A common way to choose a solid used daily driver is to look at which models retain their value the best. Websites like Edmunds, KBB.com, and more hand out awards every year to models that have the fewest mechanical issues and retain their value the best over three to five year timelines.
Top Cars That Retain Value
If you’re in the market for a used sedan or a used coupe, you’ll want to consider some of the following models, which have frequently won retained value awards in the last few years:
- Ford Mustang
- Honda Civic
- Honda Fit
- Lexus GS
- Nissan Altima
- Porsche Panamera
- Subaru Impreza
- Subaru Legacy
- Subaru WRX
- Toyota Camry
Top Trucks, Vans, and SUVs That Retain Value
If you are instead looking for a used truck, used van, or used SUV, take a look at the list of the following models, which retain value better over the years:
- Audi Q7
- Chevrolet Suburban
- GMC Acadia
- Honda CR-V
- Honda HR-V
- Honda Odyssey
- Jeep Wrangler
- Lexus GX
- Ram 2500
- Toyota FJ Cruiser
- Toyota Highlander
- Toyota Tacoma
- Toyota Tundra
How to Retain Your Car’s Value
Want to ensure a better resale price down the road? Follow these steps to retain your car’s value:
- Wash and wax it regularly, and store it in a garage.
- Stay current with all maintenance.
- Don’t smoke or keep trash in the car.
- Drive it well, with minimal rapid acceleration and hard stops.
Buying a car can be an overwhelming process. Where do you start? How about with the best car brands to buy based on Consumer Reports’ road test scores and reliability ratings.
Lexus is an all-around solid choice for a car. Lexus cars drive well and are proven to be reliable. As the company continues to put more emphasis on performance, Lexus vehicles grow in popularity.
Subaru’s are stereotyped as popular outdoor adventure mobiles. This isn’t far from accurate. But what makes Subaru a great choice for this—its standard all-wheel drive in every vehicle—also makes it a great car for winter driving.
Like Subaru, Audi is also known for its all-wheel drive. Add to that the Audi standard for classy design inside and out plus great reliability ratings and you have a well-balanced choice.
These are known largely for their reliability. But, in recent years, Toyota vehicles have become especially fun to drive, too. A versatile lineup ensures that consumers will find their right vehicle for their lifestyle.
Mazdas are extremely popular across the board. They’re a zippy, fun drive and score great reliability ratings. Own a Mazda and you’ll love it. Test drive a Mazda and you’ll love it.
Hello and Welcome to Pollard Used Cars! This is our new blog which will feature tips, how-to’s, news and local things going on in our Texas dealership. We are located at 4101 Avenue Q, Lubbock, TX 79412 and have an inventory of over 400 cars, trucks and SUVs, awaiting your arrival.
You can stop out throughout the week (Monday thru Saturday 9am- 6pm) to test drive and speak with our experienced sales staff about what you are looking for in your next vehicle. Want a sport car? Then check out some of the luxury inventory we have in stock like BMW and Audi. Looking for a truck with worthy power? Check out our GMC and Chevy inventory!
Also, if you are on the fence about whether a used car is right for you, check out why you SHOULD buy a used car, not to mention at our dealership.
Give us a call today at 866-200-5113, we’d be happy to speak with you and as always “If we don’t have it, we’ll go get it for you.”