Why Fall is the Best Time to Trade in Your Chrysler: Maximizing Trade-In Value

October 16th, 2024 by

Why Fall is the Best Time to Trade in Your Chrysler: Maximizing Trade-In Value

Whether you have your eye on the latest Chrysler or you’re simply getting tired of your current ride and you’re looking for an upgrade, trading in your used car for a new vehicle can be a confusing process. If you’re looking for the perfect time to make your move, fall can be one of the best times to maximize your trade-in value. The following are reasons why.

Understanding Your Payoff Amount

Typically, if you want to trade in your current car, you should wait until the market value or Kelley Blue Book value exceeds your loan payoff amount. The best way to determine this is to contact your lender. Your payoff amount is only good for a few days, as the amount with change due to accrued interest. In the fall, the newest models come out and dealerships are looking for ways to move inventory. Because of this, you may be able to secure a better deal.

Demand for Used Cars Increases

In Canada, the demand for quality used cars increases in the fall as students start back to school and parents need a dependable new car for commuting. Dealerships pay close attention to this supply and demand, which means they may be more willing to pay a premium price for used vehicles.

Winter Considerations

Winter in Canada brings snow and hazardous conditions, which leaves many vehicle owners searching for Jeeps and other four-wheel drives. Chrysler is well known for its solid-built vehicles that offer both safety and comfort. Car buying in the fall makes sense if you’ve been considering switching to a more winter-ready vehicle.

Seasonal Promotions

The automotive industry typically has two peak seasons for sales: spring and fall. During these times, dealerships often schedule promotions and incentives to draw in buyers. Not only will you find a good deal on a new car, but you’re also more likely to make a profit selling your current car. Be sure to check advertisements, social media platforms and online prices frequently.

Maximize Your Car’s Value

The longer you wait to trade in your used car, the more you risk additional wear and tear, which can lower the value. Winter, in particular, can wreak havoc on your vehicle. Exposure to salt, snow and icy roads can lead to damage and decrease your resale value. By trading in the fall, you avoid exposing your car to harsh winter elements and ensure you get the most money for your car’s trade-in.

Conclusion

If you are interested in trading in your current vehicle for the next model year Chryslers, fall may be the perfect time to make your move. Contact South 20 Dodge to schedule an appointment for a new test drive or to inquire about a new car loan.

 

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