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May 9, 2024

Trade or sell your car? Finding what's best for you


With used car prices dropping, it's crucial to know the best way to maximize your return when you part ways with your current car. We'll show you the pros and cons of trading in your old car as well as selling it privately. And we'll explore some surprising insights about how to qualify for a substantial tax break when upgrading your car.

According to a recent Edmunds used vehicle report, demand for used cars is dropping and so are their values as the new-car market rebounds from pandemic-induced shortages. This is especially true for 1- and 2-year-old vehicles. So there's never been a more critical time to know whether it's better to sell your car privately or trade it in.

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