You should trade a vehicle when you want to and when you can afford a new one. If the car you own has major mechanical problems, that is also a good time. Sometimes it is smarter to keep your current car, if it runs well and you like it. Don*t trade your car without doing research to determine what the trade in value is. Take your time when buying a new car and you will get a good deal. Good Luck!
〉 Answered on Jul 14th, 2008 by Jenny Trostel, Partner at Anderson of Hunt Valley
Trading your car in is a personal decision. Some people just love new cars and trade every 2 or 3 years, some people prefer to keep their car for a few years after it gets paid off so they don't have a car payment. It really is a up to you. Shelly
〉 Answered on Jul 14th, 2008 by Shelly LoCascio, Dealer Principal at Irwin Lincoln Mercury Mazda
There are many reasons why people trade in their vehicles...for example right now one of the biggest reasons is that people bought gas guzzlers and can't afford to fill their tanks now! Many people trade in their vehicles right before their warranty is about to expire.
Some even trade them in if they have had an accident or if it was stolen and recovered...people no longer feel like it's the car they bought. Many trade in because of their lifestyle that changed...more kids...need more room...and vice-versa! And then there are those who just like to be in the latest style!
Just remember a brand new vehicle loses the most value the first year...so it's probably not the best idea to buy a brand new car and trade it in for a different brand new car every year. If you can't stay with what you've decided on for too long, it may be in your best interest to buy late-model pre-owned vehicles! Hope this helps!
〉 Answered on Jul 14th, 2008 by Susan Scarola, President and CEO at DCH Auto Group