When Should I Trade My Vehicle?

If you’re considering trading in your car, timing can significantly impact your trade-in value. Here are some key factors to consider:

• The time of year matters. The first half of the year is ideal as dealerships often need to boost their used car inventory, offering better trade-in values. Alternatively, the end of the year is great if you’re buying a new car, as dealerships provide incentives to clear out current model-year vehicles.
• Loan timing is important. It’s best to trade in when you have positive equity, meaning your trade-in value exceeds your loan balance. Also, consider depreciation: cars lose value quickly during the first three years but more gradually between years four and eight, making this “sweet spot” a good time to trade.
• Your car’s mileage affects its value. Lower mileage typically results in higher trade-in offers. Aim to trade in before your car hits 100,000 miles, and be aware of major service intervals and warranty expirations, which often occur between 36,000 and 60,000 miles.

For an accurate estimate of your vehicle’s value, use our trade evaluation tool or visit Burns Honda for a professional appraisal.

What Are the Benefits of Trading In My Vehicle?

Trading in your vehicle at Burns Honda is a convenient and efficient way to upgrade to your next car, truck, or SUV. Here are the key benefits:

• We Handle Everything: Rehoming a car on your own means advertising, taking calls, meeting buyers, transferring the title, and handling payment. When you trade in your car with us, we take care of all the legwork, so you don’t have to worry about a thing.
• Quick and Seamless Process: Our sales team and used car manager will guide you through the entire trade-in process. While you explore new Honda vehicles on our lot, our appraisers will evaluate your car and provide a fair trade-in value. Once the paperwork is signed, you can drive home in your new vehicle the same day!
• Lower Your Costs: Trading in your vehicle can significantly reduce the overall cost of your next car. You can apply the trade-in value toward your down payment, which may help you:
• Lower the out-of-pocket cost of your down payment.
• Reduce your monthly payments by combining the trade-in value with your cash down payment.
• Shorten your loan term by keeping your monthly payments the same while applying a larger upfront payment.

Ready to make your move? Visit Burns Honda to trade in your car and get started on financing your next vehicle. Our team is here to make the process easy and hassle-free for drivers in Marlton, Cherry Hill, and Mt. Laurel, NJ!

What if I still owe money on my current car?

No problem! Burns Honda can help you trade in your car, even if it has an outstanding loan balance. We’ll work with you to pay off the remaining amount as part of your trade-in deal.

Are there hybrid or electric Honda models available?

Absolutely! Burns Honda offers a diverse selection of hybrid and electric vehicles to suit your preferences. Our current lineup includes:

• Honda Accord Hybrid: A midsize sedan that combines performance with exceptional fuel efficiency.
• Honda CR-V Hybrid: A versatile SUV offering a spacious interior and hybrid efficiency.
• Honda Civic Hybrid: A compact sedan delivering impressive fuel economy and a comfortable ride.
• Honda Prologue: An all-electric SUV combining modern design with zero-emission driving.

Our inventory is continually updated with the latest models. Contact us to check current availability or to schedule a test drive.