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Mobee Philippines
March 8, 2025

Trade-In Your Used Car in the Philippines: How to Get the Best Deal

What Does It Mean to Trade In Your Car at a Dealership?


In the Philippines, many car buyers choose to trade in their used car at a new car showroom to reduce the cost of their next vehicle. Instead of selling the car privately, the dealership deducts your trade-in value from the price of the new car.


However, did you know that trade-in values at dealerships are often lower than your car’s real market value?


Many Filipino car buyers use the trade-in amount as a down payment for their next car. If the price is too low, you may end up:

  1. Paying a bigger cash out
  2. Taking on a higher auto loan
  3. Paying more interest over time


That’s why it’s important to get the highest trade-in value before making a deal!


The Risks and Benefits of Trading In Your Car in the Philippines


✅ Benefits of Trading In Your Car at a Dealership:

  1. Fast & Convenient – Trade in and buy a new car in one place.
  2. No Need to Find a Buyer – Skip the hassle of posting ads and meeting strangers.
  3. Immediate Down Payment Deduction – The trade-in amount is deducted from your new car’s price.


❌ Risks of Trading In Your Car:

  1. Low Offers from Showrooms – Many dealerships offer less than market value for trade-ins.
  2. Hidden Commissions from Agents – Sales agents often take a big cut from your trade-in price.
  3. No Transparency in Pricing – You may not even know how much your car is really worth.
  4. Higher Loan Costs – A low trade-in value means a bigger loan amount and more interest paid over time.


Did you know? Many showroom sales agents secretly take a commission from your trade-in, lowering the amount you get for your car.


Before trading in your car, make sure you’re getting the best price possible!


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