Can You Trade-In Two Cars For One?

When you purchase a new vehicle, sometimes you can trade in a vehicle to put towards your down payment. Our sales team sees this all the time, and it’s standard practice. After deducting the value of the trade-in, Providence buyers pay whatever the difference is as a financed amount with a loan.

Can you trade two cars for one? Yes, you absolutely can! Find out more from our team.

What Is a Trade-In?

First, we’ll go over exactly what a trade-in is. A trade-in occurs when a car owner sells a vehicle to a dealership. The individual uses the value as a down payment to reduce the overall cost of the new purchase. The difference is usually financed by an auto loan.

For example, you want to purchase a new $40,000 vehicle. When you value your trade, it comes to $12,000. That leaves $28,000 after that, which can be financed with a loan. As you can imagine, it’s cheaper to pay off the lesser amount versus the higher amount when trying to finance a new or pre-owned vehicle in East Greenwich.

Can I Trade-In Two Cars for One?

Yes, you can actually trade in two cars for one. It’s not common, but our Warwick finance team will negotiate with you if you want to trade in two cars for one.

The principles of trading in two cars for one is the same as if you plan on trading in just one car. Our team will assess the vehicles you have on hand by inspecting them, looking at the mileage, and performing a title search. If you accept the offers, we’ll either give you cash for both vehicles or put the value towards the purchase price of your new vehicle.

As always, you should fix up your cars and spruce them up as much as possible before trading them in. Fix any cosmetic flaws, consider replacing all of the fluids, and get new tires before offering your trade-ins to a dealer. Doing this will increase the value of your trades.

You’ll also need to watch out for negative equity. If you still have any loans out on your two trade-ins, you’ll still have to pay them off following your trade.

Why Would You Trade in Two Cars for One?

You might have several reasons for trading in two pre-owned cars for one new vehicle.

• Divesting your interests by selling older cars
• Downsizing
• Upgrading two older cars for one new one in order to get better longevity in a modern vehicle
• Better peace of mind with a new car
• Less money to finance your new vehicle purchase

Trade in Your Car, or Two, at Mercedes-Benz of Warwick

We welcome your trade-in at Mercedes-Benz of Warwick as a normal part of our business. We promise a fair price for your vehicles. Contact us or call (877) 622-9486 to talk to us about what you want to trade in. We want you to get the most out of your Cranston vehicle purchase.