Value Your Trade

Trade-In Your Car

Has the time come for you to upgrade your Phoenix commute? We’ve got you covered. We have a comprehensive selection of new and pre-owned vehicles for you to choose from so you can easily find the right model for your needs. After exploring our inventory, you’ll want to consider trading in your vehicle with our experts to help with your monthly car payment. When you trade in your car, you’ll often have the opportunity to put that equity toward your new vehicle loan. Not sure where to start? We can help! Learn how to trade in your car today with the finance professionals from Bill Luke Tempe!

How To Trade In Your Car

Before we go over the steps you can take when you trade in your car, it’s important that you understand equity. As we mentioned, you can often apply the equity from your vehicle onto your new auto loan. But, what is equity? Equity is the difference between your vehicle’s worth and the amount of money you owe on your auto loan. Negative equity, also known as being “upside down”, is when your vehicle is worth less than the amount of money you owe. Positive equity is the opposite of that, meaning you owe less than your vehicle’s worth.

In both situations, our experts can typically help you apply the equity amount onto your new auto loan but it all depends on your situation. In some cases, rolling over your equity onto your new loan may not be right for your Chandler lifestyle. You can work with our team if you need more information on vehicle equity. With that out of the way, are you ready to learn how to trade in your car? Take a look below:

  1. Using our online trade-in tool from the comfort of your own Queen Creek home, you’ll want to provide us with as much information as possible about your vehicle. Its make, model, year, mileage, etc. can help us provide you with a better estimate of your vehicle’s value.
  2. Once you’ve completed using our trade-in tool, schedule an appointment with our team for a trade-in appraisal. When you come in for your appointment, we’ll go over the final details of your vehicle and provide you with a trade-in offer.
  3. After our trade-in offer has been accepted, we’ll help you complete the final paperwork so you can be on your way with your new ride. If you’re looking to outright sell us your vehicle, we can also assist you with that as well.

Start the Vehicle Trade-In Process Today With Bill Luke Tempe!

We’re ready to help you get the most for your vehicle in Tempe so be sure to reach out to our team when you’re ready for the next steps. Bill Luke Tempe is here to help so work with us when you want to start the vehicle trade-in process!