Value Your Trade FAQ

We Will Buy Your Car!

At CBS Quality Cars, our goal is to make car shopping and ownership as easy as possible. One way we make that goal achievable for our customers in the Durham, NC, area is by offering them 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 we come in. Our dealership 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 a high-quality pre-owned vehicle that fits your needs and budget.

What is the Trade-In Value of My Car?

If you’re wondering, “What is my used car worth?” the answer is just a click away! Using our handy vehicle trade-in calculator, you can get an estimated 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 that 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 official appraisal of your vehicle! Our dealership can take care of this step for you in person. 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 encourage our customers to always do their own research to make sure they’re getting the most reasonable trade-in offers. We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the trade-in process transparent and simple.

Value Your Trade-In: FAQs

Q: Can I trade in a financed car?

A: With a dealership, yes, you can! If you have positive equity on the car (meaning that 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 price of your new vehicle, giving you a major advantage.

If you have negative equity on the car (meaning that 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 I 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!

Make CBS Quality Cars Your Automotive Partner Today!

If you have questions about how to trade in a car that isn’t fully paid off, or how to get the best possible offer, don’t hesitate to contact us online or give us a call at 919-596-0034. While you’re here, be sure to browse our current pre-owned car specials to start shopping for your next great offer near Durham, NC!

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