When you decide to upgrade your home fleet, what will you do first? Buying a new car from scratch is quite a costly idea. Besides, you have to do something with an old vehicle. Leaving it in your garage works well if you have unlimited space inside. Presenting an old car to kids? Probably, it works if you have kids and your kids do not have vehicles. What remains then?
Some may say that the best idea is to swap your car. This is when you sell it to a dealership and buy a new one in exchange for paying the difference. Yet, do you know that lots of Toronto drivers skip this option in favour of a better deal? Selling your outdated or simply not matching your needs car for cash sounds better, you should agree. In this article, we are going to share some insights about cash-for-cars deals provided by SoldCar.ca, a flagship of Toronto’s car-buying businesses.
Swapping vs Selling for Cash: What’s the Difference?
Buying a new car is a tricky business. While you decide on a new vehicle, you still have to deal with an old one. Of course, official dealerships insist on the opportunity to swap a car with another with a surcharge because it brings them extra profit. Once they get your car, they can modernize it and sell it to someone else. Besides, they get an extra charge from you. Did you know that recently several Canadian dealerships refused customers to conclude a deal for cash or instant bank payment, insisting on a loan bargain? This makes the process harder and less profitable for you. That’s why let’s consider an alternative option, selling a car for cash and then investing in a new one. Which advantages do you get from such a plan?
- You can sell almost every car while dealerships insist only on vehicles in good, if not flawless condition and only of a couple of years’ age.
- You are not obliged to buy another auto in a particular dealership. Once you sell an old one, you can wait, compare prices, look for aftermarket options, etc.
- You are not bound by insurance. Typically, dealerships offer their affiliated insurance agencies and these offers are not always profitable for a car owner.
- You get cash to dispose of it at your discretion. Sometimes, we decide on a car sale simply because it is unused, or we have another one to drive, or we are still thinking about what a new vehicle would be like. In these cases, getting cash payment instead of spontaneous swapping is a must.
- At last, in Toronto, car buyers who work according to the cash-for-cars scheme provide extremely profitable conditions to conclude deals with car owners. For example, Soldcars.ca provide its counterparties with free car towing, free evaluation and examination, and instant payments in the bonnet.
So, you can see that selling a car to such companies is faster, easier, and more reasonable than swapping it for another.
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