Value Your Trade
We Will Buy Your Car!
At Genesis of Harvey, we believe in making car shopping and car buying as easy as possible. One way we make that goal achievable for our New Orleans customers is by offering a hassle-free way to sell their used cars. Not everyone has the time or desire to become a private party seller — and that’s where Genesis of Harvey comes in. We will buy your car, so you don’t have to worry about posting ads or screening buyers. Then, we’ll help you put your car’s value toward the new or pre-owned vehicle you truly want.
What is the Trade-In Value of My Car?
If you’re wondering, “What is my used car worth,” the answer is just a few clicks away! Using our handy value-your-trade-in calculator, you can get an estimated car trade-in value from the comfort of your home or office. 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 right away. Keep in mind, there are a few factors that affect trade-in value, including:
- Mechanical condition
- Car features
- Exterior/Interior condition
- Market landscape
How Do You Trade in a Car?
After you’ve received your trade-in estimate, it’s time for an appraisal of your vehicle! Our Harvey 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. We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the trade-in process transparent and simple. In fact, there are a couple of major advantages to selling your car to a dealership near Westwego, including:
- You can haggle at a dealership. We encourage our customers to always do their own research to make sure they’re getting the most reasonable trade-in offers.
- Can you trade in a car you still owe on? 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: Can you trade in a financed car?
A: Yes, you can. If you have positive equity on the 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.
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.
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.
Q: Can you trade in a leased car?
A: Yes, you can trade in a leased car, but the process is not the same as trading in a vehicle you own for a cash payment. When you trade in a leased car, it will either be at the end of your lease period or if your agreement allows for early termination. If you want to trade in your lease before the contract is up, you may be on the hook for fees and other costs. That said, you may simply be ready to move on to a new vehicle for one reason or another. When you return a lease, you won’t receive any payment since you don’t own the vehicle, but you will have the opportunity to buy the vehicle, start a new lease, buy a different car, or simply walk away!
Q: Can you trade in a leased car to another dealer?
A: Yes, you can trade in your lease to another dealership, but it must be another certified Genesis dealer. This is a great perk if you move during the duration of your lease since you won’t have to try to plan a trip back to Genesis of Harvey to turn in your vehicle. That said, if you’re still in the area when your lease is up, you’re more than welcome to return to our Harvey dealership for another dose of our VIP treatment!
Q: Do you need a title to sell your car? Or can you trade in a car without a title?
A: If the title of your vehicle has been lost or damaged, you might be hoping to trade in a car without a title. While you can’t transfer vehicle ownership without a title, getting a replacement is simple. Here in Louisiana, you must apply for a duplicate vehicle title from the state before transferring ownership. All you need to do is visit your local OMV, pay a small fee, and you’re set! If you prefer, you can work with our team for step-by-step guidance on how to get your hands on a fresh automotive title if needed.
Make Genesis of Harvey Your Automotive Partner Today!
If you have questions about how to trade in a car that is paid off, or how to get the best possible offer, don’t hesitate to contact us online or give us a call at 504-356-7071. While you’re here, be sure to browse our current new and pre-owned car specials to start shopping for your next great offer near Metairie!