Value Your Trade

We Will Buy Your Car!

At our dealership, we believe in making car shopping and car buying as easy as possible. One way we make that goal achievable for our Carmel customers is by offering a hassle-free way to sell their vehicles. Not everyone has the time or desire to become a private party seller, we get that. That’s why we’re here to make it easy for you to begin the selling process and easily determine how much your Honda is worth.

We’ll buy your car, so you don’t have to worry about posting ads or screening buyers around Fishers. Then, we’ll help you put your car’s value toward the new or pre-owned vehicle you truly want. So, what do you need to sell your car, and can you sell your car to a dealership? Learn more about selling your vehicle to a dealership and how to trade in your car with the experts from Penske Honda!

What Is My Honda Trade-In Value?

If you’re wondering, “What is my used car worth?”, or you’re curious about your Honda Civic trade-in value specifically, the answer is just a few clicks away! Should you sell your car? What do you need to sell your car? These are just a few of the questions that our team often gets asked after they find their Honda trade-in amount. Fortunately, when you use our handy value-your-trade-in calculator, you can get an estimated car trade-in value from the comfort of your own Westfield home.

Simply input some information about your car into the trade-in value calculator as well as your contact information, and you’ll have an estimate of how much your Honda is worth in a short amount of time. Before we go over how to trade in your car and find your Honda trade-in amount, there are a few important things to remember. Keep in mind, there are a few factors that can affect trade-in value, including:

  • Mileage

  • Mechanical condition

  • Car features

  • Exterior/Interior condition

  • Market landscape

How to Trade in Your Car

After you’ve received your trade-in estimate, it’s time for an appraisal of your vehicle! Can you sell your vehicle to a dealership? Of course! When it comes time to get an appraisal, our Indianapolis dealership can take care of this step for you. We’ll examine the condition of your car and make sure it’s a good fit for our used car inventory. When you visit for your car’s appraisal, be sure to bring your trade-in estimate!

Once we’ve examined your car, you can negotiate or accept our offer and finalize the sale for your Honda trade-in. We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the trade-in process transparent and simple. So, when you’re trying to find out how much our Honda is worth, we suggest you visit our experts. In fact, there are a couple of other major advantages to selling your car to a dealership, including:

  • You can haggle at a dealership. Whether you’re trying to determine your Honda Civic trade-in value, or you’re just beginning your trade-in process, we encourage you to always do your own research to make sure you’re getting the most reasonable trade-in offers.

  • Can you trade in a car you still owe on? In most cases, you can with a dealership. If you’re upside down on your car loan, you can consolidate what’s owed on your current car with the price of your new ride.

Value Your Trade-In: FAQs

Q: Is It Better To Trade In My Car Or Sell It Myself?

A: Trading in your car to a dealership will make the process of getting rid of your current ride much more convenient as you can use the cash towards your next ride. There’s also the added inconvenience of having to meet multiple potential buyers and having to compromise on price when trying to sell your car by yourself. Our dealer will provide a competitive offer and handle all of the paperwork.

 

Q: How Do I Determine What Condition My Current Car Is In?

A: The web offers a range of options to estimate your current trade-in including Kelley Blue Book, Edmunds, and even our own trade-in value tool.

 

Q: Is Kelley Blue Book or Nada More Accurate?

A: When looking at Kelley Blue Book vs. Nada, both are generally reliable sources to help you determine your next ride, but the main distinction is that Nada will provide more reasoning behind the value a dealership will give your car, while Kelley Blue Book will give you an accurate estimate your car’s worth.

 

Q: Can You Trade In a Car With Bad Credit?

A: While having a higher credit score, our team can provide ways on how you can trade in a car even with bad credit.

Q: Can You Trade-In a Financed Car?

A: Yes, you can. If you have positive equity on your car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan — meaning you’ll still need to pay it off eventually. Because of this, it’s important to know your Honda trade-in value.

 

Q: How Soon Can You Trade-In a Financed Car?

A: There’s no time limit that’s set in stone, but it’s a good idea to wait until you have positive equity. Determine your Honda Civic trade-in value or your vehicle’s trade-in assessment today to learn if you have positive equity.

 

Q: What Does It Mean To Be “Upside-Down” On a Car Loan?

A: Being “upside-down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity.

 

Q: Can I Trade-In My Car for a Cheaper Car?

A: If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car; you can do what you’d like with it.

Make Penske Honda Your Automotive Partner Today!

If you have questions about how to trade in a car that is paid off, what you need to sell your car, or how to get the best possible offer, don’t hesitate to contact us online or give us a call at (463) 777-8810. We’re more than happy to help you determine your Honda trade-in value. While you’re here, be sure to browse our current new and pre-owned car specials to start shopping for your next great offer!