Trade and Sell Your Car in Lexington, KY

Value Your Trade-InSell Your Vehicle

Trade Vs Sell: Frequently Asked Questions

Is it better to trade in or sell my car privately?

It depends on your priorities. Trading in is fast and hassle-free while selling privately can sometimes get you a higher price but requires more time and effort, like advertising and meeting buyers.

How is my car’s trade-in value determined?

Dealerships consider market demand, condition, mileage, model year, and service history when calculating your trade-in offer.

Can I trade in a car I still owe money on?

Yes! If your trade-in value is higher than what you owe, the difference goes toward your next vehicle. If you owe more than the car’s value, you may need to cover the negative equity.

Do I have to pay sales tax when trading in my car?

Yes, but when trading in a car in Kentucky, you pay sales tax on the difference between the price of your current car and the price of the new car. This is because the trade-in value of your car reduces the total amount of sales tax you pay!

Can I trade in my car if it’s in bad condition?

Yes, but the better shape your car is in, the higher the offer. At Tim Short, we’ll do our best to make a fair assessment of what your vehicle’s worth, even if it needs a few repairs.

How fast is the trade-in process?

Our dealership can typically evaluate, appraise, and apply your trade-in credit on the same day, making it a quick and easy option.