1. Do you accept trade-ins?
Yes. In fact, we'll buy your car even if you don't buy one from us.
2. Will you buy my car?
Once your car has been appraised, we'll give you a written offer that's good
for 7 days. And you are under no obligation to buy one of Lute Riley Honda cars if you
sell us yours.
3. How can I get an offer for my car?
You can have your car professionally appraised at our location. This process
usually takes 30 to 40 minutes, and we'll give you a written offer that's good
for 7 days when we're done.
4. Can I get my car appraised online?
You must bring your car to Lute Riley Honda to receive an appraisal. To
determine your offer, one of our appraisers will need to inspect and test drive
your car. When we're done, we'll give you a written offer good for 7 days. If
you want an approximate online estimate, click on the link below.
5. How do you determine my offer?
First, we test drive your car to determine its mechanical condition. Then we
check your car's interior, exterior, mileage, and age. Excessive mileage and
wear and tear may decrease the offer. Lastly, we check the paint and body for
signs of previous body repair and frame or flood damage. At Lute Riley Honda, we don't
resell frame or flood-damaged vehicles to our customers. These vehicles are sold
at auction.
6. What if I owe more on my car than the amount of your appraisal
offer?
If your pay-off amount is more than the offer for your car, the difference is
called "negative equity." In some cases, the negative equity can be included in
your financing when you buy a Lute Riley Honda car. If not, we'll calculate the difference
between your pay-off and our offer to you. We'll accept a cashier's or certified
check for the amount you owe and then pay off your finance company for you.
7. What happens to the cars Lute Riley Honda buys?
Even though we'll buy any car, most of them will be
sold to the public. Each car must pass our rigorous inspection
before we'll consider it for our lot, and cars that don't meet our high-quality
standards are sold at major wholesale auctions.
8. Will you explain how you appraised my car?
If you have questions about the appraisal of your vehicle, speak with the
Buyer who conducted the appraisal. Our Buyers are trained to explain the
appraisal process, including what they looked for and what impacted your offer.
9. How can I save on taxes if I buy and sell at Lute Riley Honda?
Lower the amount of taxes you pay when you buy a Lute Riley Honda car when you sell us
your old car at the same time. The following states may give you a break on your
taxes when you buy a car and sell us your old one:
Alabama
Arizona
Colorado
Connecticut
Florida
Georgia
Illinois
|
IndianaKansas
Kentucky
Maryland
Mississippi
Missouri
Nebraska
| Nevada New Mexico
North Carolina
South Carolina
Tennessee
Texas
Wisconsin |
Certain situations may disqualify you from receiving a tax break. For
example, your name must be on both the paperwork to buy a car and the paperwork
to sell a car in order for the tax break to apply. Check with your tax
professional and your Lute Riley Honda Sales Consultant for details.
10. Do I need an appointment for an appraisal?
No appraisal appointment is necessary. Just visit Lute Riley Honda or call
for details.
11. Can I trade in my leased car?
In most cases, you can trade in your leased vehicle in almost the same way as
any other financed vehicle. We'll appraise the car or truck, then contact the
leasing company for a payoff quote and process any equity you might have. Please
note that some leasing companies will not allow you to sell the vehicle prior to
the expiration of the lease. Also, be aware that your leased vehicle might not
be eligible for the trade-in tax savings described above.
