Should I Sell My Truck or Trade It In?

Should I Sell My Truck or Trade It In?

Deciding whether you should sell your truck or trade it in will depend on a few important factors. The condition and age of your truck, how much you want to get for it, and how quickly you want to get rid of your truck. Ask yourself these questions to determine whether it’s time to sell it or trade it in.

What’s the Truck’s Condition?

What is the current condition of your truck? Have a mechanic do a complete inspection of the vehicle to determine what’s wrong with it. The condition of your truck will determine a selling price or trade-in value.

How in Demand is the Truck?

Are there currently buyers out there looking for a truck like yours? The more in-demand your truck or truck parts are, the better your chances are of selling it or trading it in for a higher value. You can do a quick internet search to find out what the most popular trucks are.

How Much Do You Want for the Truck?

Trucks depreciate the moment you drive them off the lot, and if you’ve had yours for about a decade or so, chances are the value will have dropped some. The price you choose or the amount you want for trade-in can also have a major impact on whether you find a buyer or dealership willing to do business. To determine an average price, you can check the Kelly Blue Book.

How Fast Do You Want the Truck Gone?

Are you pressed for time? Deciding whether to sell or trade-in your truck will depend on how much time you have. Is the truck causing you financial strain? Is it taking up needed space? So you’ve asked the above questions and should have a general idea of the condition of your truck, how popular it is, how much you want to sell your truck for, and most importantly how urgently you need the truck removed. Below, is a breakdown of when it is best to sell versus when you should trade it in.

You Should Sell Your Truck If…

  • It’s in really bad shape
  • You’ve had it for more than 10 years
  • You need cash in hand
  • Getting the highest possible amount is a priority
  • Your truck is in high-demand

You Should Trade-In Your Truck If…

  • It’s in good shape
  • It’s less than 10 years old
  • You want another truck right away
  • Money for down payment on a new truck isn’t available
  • You don’t want to put in the effort it takes to sell it

Should you decide that it’s best to sell your truck instead of trading it in, Sell My Car Online can be of assistance. We are a local auto and truck buyer that will offer you cash for your truck. By providing some key information about the truck, you can get an instant quote on the phone. We’ll have the truck removed within days. This will give you the extra cash you need to get a new truck or the time to handle other things. Call us at (855) 929-0828.