Trading in can be a convenient way of disposing of your car, as well as helping to fund the purchase of a new one.

But it may not be the most financially sound method, as the dealer will be looking to take your trade-in for as little as you will accept and resell it at a profit. The advantage of trading in your old car is that you don't have to worry about the formalities such as getting the safety certificate, paying for repairs and doing the paperwork as the dealer will look after all of this.

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