Car Trade-In: Should You Do It?

The Philippine automotive industry is more robust than ever. There are so many great choices, not to mention every car dealer is gunning for your business. Suffice to say, there has never been a more exciting time to be a car owner.

One of the ways that car dealers entice their customers these days is by letting you trade in your car when you buy a new model. In theory, a trade in allows you to buy a new car at a lower price tag, allowing you to save on your purchase. This sounds good on paper, but is trading in your car all that it’s made out to be?

Advantages of trade-in

Vehicle trade-ins are all about convenience—they eliminate the hassles involved in selling your car privately, which can be time-consuming, not to mention drag on for weeks and even months. Think of all the paperwork that you can avoid, from the deed of sale, to the change in ownership, to the OR/CR, and beyond.

Likewise, dealers that accept trade-ins will accept your car as-is, which means you don’t have to shell out any money for repairs. And if your car is in great condition, you could be driving away in a new car in no time at all, at a significantly lower price and minus the investment you need to make to ensure the salability of your car.

Trade-ins also help you avoid dealing directly with buyers, who may end up pestering you long after you’ve sold your car with performance or maintenance issues that may arise. By trading in your car at a dealership, you never have to worry about a phone call from a bothersome buyer.

Disadvantages of a trade-in

The biggest downside to a trade-in is the price gap between your vehicle and the one you intend to buy. Expect the dealer to offer you a much lower amount than what you think you could get with a private sale.

Also, when it comes to trade-ins, there are no guarantees. Quite simply, depending on your car's make, model and condition, the dealership may not be able to find a car for a trade. Dealers aren’t inclined to trade one of their high-demand cars, so you may have to settle for bottom-rung, low-selling units.

Bottom line

The decision to trade-in your vehicle depends on how much you value convenience over savings. More often than not, selling your car on your own will net you better value for your property. If you don’t have time for prolonged sale, or if you don’t mind letting go of your car at a significantly lower value than what you would get for it in the open market, then a trade-in might be an ideal option.

@youtube.com

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • First-ever ‘BYD Grab Day Caravan’ puts spotlight on Seal 5 DM-i
    First-ever ‘BYD Grab Day Caravan’ puts spotlight on Seal 5 DM-i
    Ruben Manahan IV . Jul 11, 2025
  • Inchcape PH releases Mercedes-Benz V-Class Elegance
    Inchcape PH releases Mercedes-Benz V-Class Elegance
    Ruben Manahan IV . Jul 11, 2025
  • Latest ‘Kia Movement’ leg set this weekend
    Latest ‘Kia Movement’ leg set this weekend
    Ruben Manahan IV . Jul 10, 2025
  • Bentley unveils all-electric EXP 15 concept car
    Bentley unveils all-electric EXP 15 concept car
    Cesar Miguel . Jul 10, 2025
  • TMP Tech produces latest batch of technicians
    TMP Tech produces latest batch of technicians
    Ruben Manahan IV . Jul 10, 2025
  • Nissan Livina vs. the competition
    Nissan Livina vs. the competition
    Cesar Miguel . Jul 11, 2025
  • Exploring the Jetour T2’s interior
    Exploring the Jetour T2’s interior
    Cesar Miguel . Jul 10, 2025
  • Suzuki XL7 Hybrid vs Toyota RAV4 vs BYD Tang: tough-looking NEV options
    Suzuki XL7 Hybrid vs Toyota RAV4 vs BYD Tang: tough-looking NEV options
    Paulo Papa . Jul 09, 2025
  • Explaining the different types of hybrid powertrains
    Explaining the different types of hybrid powertrains
    Cesar Miguel . Jul 07, 2025
  • Check out these basic overlanding items for when you want to enjoy the outdoors
    Check out these basic overlanding items for when you want to enjoy the outdoors
    Paulo Papa . Jul 04, 2025
  • Do you still need to wash your car after it rains?
    Do you still need to wash your car after it rains?
    Cesar Miguel . Jun 12, 2025
  • What should you visit first at MIAS 2025?
    What should you visit first at MIAS 2025?
    Cesar Miguel . Apr 11, 2025
  • Do you really need 4x4 for overlanding?
    Do you really need 4x4 for overlanding?
    Cesar Miguel . Mar 26, 2025
  • Number coding 2025: what you need to know
    Number coding 2025: what you need to know
    Paulo Papa . Mar 09, 2025
  • EVs still require lubrication, JAMA execs say
    EVs still require lubrication, JAMA execs say
    Paulo Papa . Mar 09, 2025
  • Honda BR-V S CVT: all about that ‘base’
    Honda BR-V S CVT: all about that ‘base’
    Paulo Papa . Jul 09, 2025
  • Dongfeng Rich 7 4X4 Upper: ideal entry-level truck
    Dongfeng Rich 7 4X4 Upper: ideal entry-level truck
    Paulo Papa . Jul 07, 2025
  • First drive: MG ZS Hybrid+
    First drive: MG ZS Hybrid+
    Cesar Miguel . Jun 30, 2025
  • BYD eMAX 7 Superior Captain: MPV for modern families
    BYD eMAX 7 Superior Captain: MPV for modern families
    Paulo Papa . Jun 18, 2025
  • Suzuki Ertiga Hybrid: modest mover
    Suzuki Ertiga Hybrid: modest mover
    Paulo Papa . Jun 05, 2025