Exchanging your old car for a new one
- by Rahul Basu
- May 8, 2012
- | Views: 59859
Selling your old car for a newer and more technologically advanced model has been the tradition of generations, but single and multi-brand automobile dealerships today offer their customers the convenience of exchanging their old cars for a newer model of their choice, a convenience that comes with an obvious price
Better looking cars, fresher and higher spec variants and the changing transportation needs of the urban middle-class has and will continue to urge them towards seriously considering exchanging their older models for newer and higher utility vehicles.
Not surprisingly, manufacturers and private new/used car dealers have managed to capitalize on this phenomenon for as long as we can think back and as we see today most single and multi-brand dealerships offer their customers certain remittances in the form of a discount or some loyalty bonuses (for e.g. selling an old Honda model for a newer one) when purchasing a new car from their showrooms in exchange for their older vehicles.
Although expecting a very high re-sale value for your old car is quite a farfetched possibility at such dealerships, their willingness to capture your older vehicle post standard valuation procedures helps a customer to cut down on his/her overall transaction time of selling his older car and actually getting down to buying a worthy replacement.