The best way to take advantage of the Black Friday sales at Don’s Ford is to trade-in your current vehicle! A trade in helps you add more value to your down payment, which in turn saves you money in the long run. Today we’re going to talking about the trade-in process more in-depth, so feel free to use this as a point of reference in the future.
We know that if we make a large down payment on say, a 2020 Ford F-150, we end up paying less because the amount of money needed to pay back will be less. Well, when you’re financing, you get another benefit you might not know about. Since the vehicle was paid off faster, it means that the vehicle will be worth more thanks to the way depreciation works. That means if you want to finance another truck after the F-150, then you should get more for your trade-in and get a better rate on the newer car. What’s not to like?
But you want to watch out for being “upside down” on your car loan. This happens when the loan you took was too long, and now the amount of money you still owe on the loan is worth more than the actual value of the vehicle you’re driving. However, the experts of our Ford Financing team can pick that out and let you know about it before entering a new finance plan where you need to pay the excess of the loan along with the full value of the car.
So come in to our Ford Utica NY dealership and get you the most for your trade-in. Our expert staff is ready to help you drive away in the Ford you’re looking for, at a price you pleasantly didn’t expect!