My Old Car—Should I Trade it In or Sell It?

vehicle salesWhen the time comes to get a new car, most people want to get rid of their old one. To do this, you have two choices: you can trade it in or sell it yourself. Let’s take a look at some of the pros and cons of each option to help you decide which is best for you.

Trading it in

When you trade in your car, the dealership will evaluate your car, look at all of its features, consider any damage and offer you a price. You can use that money and put it directly toward the purchase of your next car. This is by far the easiest way to rid yourself of your old set of wheels since there is very little you have to do.

Selling it yourself

If you want to sell your car yourself, this will take a lot more work. You will have to advertise your vehicle, determine how much you are willing to sell it for, keep it insured, and take time out of your day for test drives.

When you do a private-party sale of your car, you may end up getting more money for it, but after you consider the cost of keeping it insured, possibly paying for advertising, doing any necessary cleaning and repairs, and taking time for test drives, that financial benefit begins to wane.

In the end, if you are willing to take the time and effort required to sell your own car, then by all means, go for it. But, if you prefer a no-hassle approach, bring your old car in to Friendly Ford and we promise to give you a fair price for your car.

Ford Shelby GT350R Auction Raises $1 Million for Diabetes Research

Ford Shelby GT250R auctionWhen the first Ford Shelby® GT350R Mustang rolled off the assembly line, it wasn’t headed to Chi-town to join our display of vehicles here at Friendly Ford—or any other dealership for that matter. Instead, the road racer was delivered to the Barrett-Jackson Scottsdale auction where it was awarded to the highest bidder. The winning bid of the VIN 001 Shelby GT350R earned $1,000,000 for JDRF and its research in type 1 diabetes.

While the Shelby GT350R ‘Stang won’t officially go on sale until later this year, the auction of the first-ever retail production vehicle caused great excitement in the world of auto enthusiasts. It was also an exciting day for those affiliated with JDRF. The non-profit organization is dedicated to researching ways to better treat type 1 diabetes as they work to find a cure.

The $1,000,000 in funds received from the Ford Shelby GT350R auction will support the organization’s research.

JDRF is honored to share in Ford’s 50-year celebration of the new Shelby GT350R at Barrett-Jackson Scottsdale,” said JDRF president and CEO, Derek Rapp. “As the leading charitable funder of type 1 diabetes research, JDRF is extremely proud of our long-time partnership with Ford, and we are tremendously thankful for Ford’s continued support of JDRF. JDRF benefits greatly from this partnership, which is an essential element of our pursuit of our shared vision of a world without type 1.”