Trading a car in is a great way of reducing the amount you will be required to pay each month on a new car. Trading a car in is similar to selling your current car and using that money as a deposit on your next car, be it new or used.
Trading in eliminates some of the headaches often encountered with selling a car privately. It avoids having to deal with time wasters, tyre kickers, joyriders and naturally, the paperwork required to change ownership. It's, for this reason, that trading in appeals to so many buyers; the process is simpler and faster.
Related: Is it better to sell or trade in a car?
It's not without its downsides though and you won't get the same amount for your traded in vehicle as you would from selling privately. The dealership will offer you, wait for it, a trade value on the vehicle, which allows them to place their necessary markup on the vehicle when placing it on their used car floor.
Can you trade two cars in for one?
In many instances, the dealership will allow you to trade in as many cars as you like, provided that they are in a reasonable condition and fit for trade-in. If you're thinking of scaling back on the number of cars in your garage or no longer have a use for that other car, you're more than welcome to enter into negotiations with the dealership to make this happen.
The trade-in value of the two cars combined will be deducted from the purchase price of your next vehicle, making it even easier to afford the new car.
You won't be able to expect the full retail price on both cars for the reasons outlined above, but the combination of the two vehicles value will still prove to be helpful.
