What to do?

People looking to dispose of their old car and purchase a new one have two options to choose from, sell the old one or trade it in for another. Jeffrey Lupient’s dealerships offer both and provide great value to their customers. To help people decide on what alternative to select, here are some factors to consider:

Price

If the seller wants to gain the most money out of their vehicle, the best option is to sell the car privately. One can also opt to sell the car to a dealership. However, they will have to sell it for a lower retail value. It would be less of a hassle, though, for the owner as they would not have to advertise the vehicle himself or herself.

Convenience

There are contractual and legal processes involved when disposing of a car. Deciding to sell a car then buy a new one on one’s own means handling all the responsibilities that would otherwise fall in the hands of a dealership. Jeffrey Lupient, through his dealership, has helped plenty customers save time and energy who have opted to sell to them or trade-in with them their old vehicle.

Tax benefits

Even though selling a car might prove to be more profitable, trading it in can provide some tax benefits. Motor vehicle sales tax is only computed based on the difference between the trade-in value of the old vehicle and the purchase price of the new one in most states, such as Minnesota.

MN-based Jeffrey Lupient’s competencies are geared toward automotive retail sales. He is also extensively educated in the field of auto dealerships. Learn more about the industry by subscribing to this blog.