Value Your Trade
We Will Buy Your Car!
At Mercedes-Benz of South Mississippi, we believe in making car shopping and car buying as easy as possible. One way we make that goal achievable for our Biloxi customers is by offering a hassle-free way to sell their pre-owned cars. Not everyone has the time or desire to become a private party seller — and that’s where Mercedes-Benz of South Mississippi 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 pre-owned 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:
- Mileage
- 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 D'Iberville 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 pre-owned 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, 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: While you can trade in a leased car, the process is a bit different than what you might expect. When you finance a vehicle, eventually you own it outright. That means when you trade it in, you’re essentially selling the car to the dealership. With a lease, you don’t own the car, so when you trade it in, you won’t receive a cash payment. When you trade in a leased car, it either means that you’re returning the lease early or your term has ended. If you’re returning your lease early, you may have some fees to pay. At the end of your lease, you’ll have the opportunity to buy the vehicle you’ve been driving, sign a new lease, or finance an entirely new car!
Q: Can you trade in a leased car to another dealer?
A: Yes! You can trade your leased vehicle to any authorized Mercedes-Benz dealership. That makes it easy to walk away from your lease after the term has ended. Whether you’ve moved across the state or across the country, lease returns with Mercedes-Benz are simple. If you’re still in D'Iberville when your lease reaches its end, you can visit our pristine showroom to enjoy another great experience!
Q: Can you trade in a car without a title?
A: No. Here in Mississippi, it is unlawful to sell a car without a title. If you were hoping to trade in a car without the title, don’t be discouraged! While you will need to replace your title before making a sale, the state’s Department of Revenue (DOR) makes it easy through the Fast Track Title Program. Through this program, the DOR is required to process your request for a new or duplicate title within 72 hours of receipt of the application.
You’ll simply need to send the application and payment to the address in Jackson, or you can choose to hand deliver your application in Clinton. Either way, your request will be processed in 72 hours or less. This program ensures that you can quickly make an automotive sale when you’re ready to move on from your current vehicle!
Make Mercedes-Benz of South Mississippi 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 833-207-1338. 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 Gulfport!
