Trading and Selling with Patrick Cadillac

June 1st, 2021 by

With Patrick Cadillac, we aim to serve your auto-related needs in a variety of ways, the best we can. If you are looking to trade-in your car, we can do that for you. We will even buy your car from you, even if you don’t buy from us!

Trade in

The process behind trading in your vehicle with Patrick Cadillac is quite simple. Through the use of our Value Your Trade tool, you can get an instant estimate on your potential trade-in or sale from the comfort of your own home! Additionally, we also offer our Vehicle Finder Service so that you can an even better idea, before you come in, of what you are looking to get in a trade. However, if you do decide to come by any one of our locations near you, the process behind appraising a vehicle for a potential trade-in is quite simple. We begin by going over the car with you, while one of our advisors documents and takes pictures to send over to our online appraisal service. This process allows us to see if any markings or dents are present on the car, and to give us a first-hand account of what condition the car is in.

The benefits of trading in your car with Patrick Cadillac are vast. One benefit in particular is that it’s fast and convenient. The entire transaction, including signing over the car’s title, is done under our roof, allowing you to leave in your new vehicle as soon as possible. Another benefit is that Patrick Cadillac will actually pay off your loan if you still owe money to a lender for your current car. There is no need to deal with third parties or go all over town with documents and checks. Additionally, any positive equity you may have in the vehicle can be used towards a down payment on a new lease or purchase.

Additionally, customers can see an increased likelihood of a reduced monthly payment by trading in their vehicle. This also leads to a chance of decreasing the APR rate with evolved credit from previous auto loans, according to Patrick Dealer Group Client Care Specialist Mercedes Papp. The positive possibilities are endless, according to Papp. Some other additional positives are potentially having positive equity in a current vehicle which would lead to a decrease in monthly payment upon a trade in and even more rebates or incentives that weren’t available beforehand when the current trade was purchased.

More up to date technology will also be at your disposal with a trade in, which according to Papp, could be considered a stepping stone to more safety features on a new or newer purchase or lease. In addition to these benefits, Papp highlighted that a trade in to a newer vehicle would reduce the amount of maintenance and maintenance costs on the vehicle itself.

Buy

If you would rather get some cold hard cash for your vehicle, we can help you out there as well as we will buy from you even if you don’t buy from us!

You can sell your car to us even without buying a car. And we at Patrick Cadillac will offer the same whether you’re buying from us or not. It’s recommended to make an appointment to sell your car or to get an offer. The first step in this process would be to submit a trade-in inquiry to get started, next, a member of our Patrick Direct team will be in contact to continue the process.

During the actual appointment, the process is much the same as it is for a trade-in. Our in-store appraisal and buying process allows us to make an offer without sitting in your vehicle or touching any of your car’s most frequently used areas.

Offers may be contingent on us verifying your car’s mechanical condition with a test drive and/or a review of the vehicle’s cosmetic condition.

One of the benefits of this process is that Patrick Cadillac will not hold the customer responsible for maintenance or service due on the vehicle as opposed to if the customer were to sell the vehicle privately, according to Papp.

Another benefit is no longer having to worry about advertising your vehicle as being for sale in the local paper or online, just come in and we will take it off your hands, Papp noted.

If you decide to sell your vehicle to us, we’ll write you a check. We will even offer you up to a week to compare your options. This process applies to all eight of our brands and four locations in Schaumburg or Naperville.

To determine our offer, we take a look at current market conditions as well as your vehicle’s specific year, model, make, mileage and history report. This is in conjunction with a review of the interior and exterior of the vehicle, along with a test drive. If repairs are needed we may adjust our offer accordingly.

In order to sell your car, requirements can vary state to state, but some basic necessities will be required. These include the car’s title or payoff information. All titleholders should also be present. Valid and current registrations as well as state-issued photo ID’s for all title holders are needed. Additionally, all keys and remotes are expected to be present as well.

In the event that your payoff amount is more than the offer for your car, the difference, is called negative equity. In some cases, negative equity can be included in financing when you buy at our Patrick Cadillac location. However, if not, we can calculate the difference between your pay-off and our offer to you and you can pay us directly with cashier’s checks, certified checks, certified funds, cash, and debit cards.

Checks can be expected to be received following a successful sale within 5 to 10 business days.

If you are looking to sell a car on behalf of a company that owns or leases vehicle for employees, contact us for requirements needed at 847-230-8240 or submit a trade-in inquiry.

Regardless of whichever option you choose, we at Patrick Cadillac take care a lot of the work up front. Doing things such as taking and/or having the VIN number ready on the customer’s profile, having up to date mileage records and having a sight unseen/pending visual inspection appraisal already printed and ready to go, according to Papp.

In the spirit of full transparency, Patrick Cadillac is always looking to buy or receive trade-in so that we can have a larger inventory to offer to customers. This allows us to gain a new customer for life with continual business in all aspects.

We want to be your hub for all things automotive. We here at Patrick Cadillac aim to make the car buying process easy and simple, but we also want to do business with you in the realm of trade ins and selling cars to us. Come on in and let’s make a deal. The Patrick Promise way.