Can I trade in my old car when buying a new one? What are the requirements?

[StGia]

You can trade in your old car when buying a new one. Trade-in requirements: Not all vehicles are eligible for trade-in. To process a trade-in, you must ensure the vehicle has complete documentation, is not stolen or smuggled; meets annual inspection standards, has not reached the scrapped mileage limit, meets emission requirements, can be driven normally on the road, and has no issues like traffic violations or modifications; there should be no ownership disputes such as mortgages; for vehicles purchased through installment payments, the full amount must be paid off. Required documents: For a trade-in, the owner needs to prepare their ID card. For company vehicles, a corporate code certificate and letter of introduction should also be provided; vehicle ownership registration certificate; vehicle license; original purchase invoice or previous transfer invoice; proof of additional purchase tax payment; if authorizing someone else to handle the trade-in, the original owner's ID card and a legally valid power of attorney are required.

[PaisleeLee]

I just heard about trading in your old car when buying a new one, which seems very convenient. It means you can directly exchange your old car with the new car dealer to reduce the payment for the new car or offset part of the cost. However, there are specific conditions: first, the old car must be drivable and not completely scrapped; all necessary documents must be ready, including the vehicle registration certificate, insurance policy, and the owner's ID card; you also need to confirm that you are the legitimate owner, with no outstanding loans or unresolved traffic violations. When evaluating the value, they might offer a lower price, but you can negotiate for a fair deal. For example, last time I saved 5,000 yuan on an old Toyota after evaluation. The advantage is that it's hassle-free, killing two birds with one stone by handling both the sale and purchase; it's also environmentally friendly, as recycling old cars reduces pollution. But if the car is in poor condition, it won’t be worth much, so maintaining it well makes the trade-in more worthwhile.

[LaneLee]

Having driven for over a decade, I'm quite familiar with car trade-ins. When purchasing a new car, trading in your old one is definitely possible, as virtually all reputable dealerships offer this service. The requirements aren't complicated: the used car should be operational without major accidents, with complete and unexpired documents, especially the vehicle license and ID card; ownership should be clear without disputes, and any loans should be paid off in advance. The appraisal is quick, with values ranging from a few thousand, but the downside is they tend to lowball offers, so it's wise to compare quotes from multiple dealers. The advantage of trade-ins is saving time and reducing risk, as you don't need to find a buyer yourself; current policies encourage switching to eco-friendly vehicles, often with subsidies available. Last time I traded in, I saved time and got an extra 1,000 yuan discount. Be mindful of market prices to avoid being shortchanged, and cleaning your car beforehand can slightly increase its value.

[NadiaDella]

Our family saved a lot by trading in our old car when we bought a new one. You can use your old car's value to offset the price of the new vehicle, but the car should be in drivable condition with complete paperwork. Bring all necessary documents to get the best appraisal value. Last time, our old car was valued at 4,000 yuan, which really helped reduce our auto loan pressure. It's very convenient to handle everything at once – just make sure your old car isn't too dilapidated. Environmentally speaking, vehicle recycling benefits both the nation and its citizens. Highly recommended for families to try this approach.