Should You Trade in Your Car or Sell it Yourself When Buying a New Hyundai?

When you're ready to buy a new Hyundai from our Hyundai dealership in Houston

, what should you do with the car you're currently driving? If you don't plan to keep the car for a second vehicle, you basically have two options you can trade it in or sell it yourself. Here are two things to consider when deciding whether you trade it in or sell it:

Will You Get More Money if You Sell it Yourself?

Sometimes you can get more money by putting a for sale sign on your car and parking it on the lawn than you can if you trade it in. Check the Kelley Blue Book or Edmunds websites to find out what the average sale price is for the car you are getting rid of, then see how it compares to what our Hyundai dealership can offer you as a trade in value.

Trade-in Tax Breaks for Texas Residents

Some states, like Texas, offer a tax break when you trade in a car to buy a new one. When you trade in a car for your new Hyundai, you'll only pay taxes on the difference between the purchase price on your new car and the value of your trade in. If you're trading in a car with a trade in value of $9,000 and buying a Hyundai priced at $19,000, you'll only pay sales tax on $10,000 not the full $19,000. These savings can really add up and make trading in your used car a better option than trying to sell it yourself.

Should You Trade in Your Car or Sell it Yourself When Buying a New Hyundai?

By: Paul Peebles

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