Thinking about selling or trading in your current vehicle? Contact Ferrari of Tampa Bay for an estimate of what your vehicle is worth. To get started, fill out the value your trade form below and one of our sales professionals will contact you with an estimate and options. We’re here to help you make an informed decision.

Value Your Trade

How Do You Trade in a Car?

Once you’ve received your trade-in estimate, it’s time to schedule an appraisal at Ferrari of Tampa Bay! One of our expert sales professionals will set up an appointment to assess your vehicle’s condition and determine if it’s a good fit for our premium pre-owned inventory. When you come in for the appraisal, be sure to bring your trade-in estimate with you!

After we’ve thoroughly evaluated your car, you’ll have the opportunity to negotiate or accept our offer and finalize the sale. We pride ourselves on providing the fairest trade-in offers and making the entire process transparent and stress-free. At Ferrari of Tampa Bay, we aim to ensure you get the best possible value for your vehicle while enjoying a smooth and seamless experience.

Value Your Trade-In: FAQs

Q: Can you trade in a financed car?
A: Yes, you can. If you have positive equity on the car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan — meaning you’ll still need to pay it off eventually.

Q: How soon can you trade in a financed car?
A: There’s no time limit that’s set in stone, but it’s a good idea to wait until you have positive equity.

Q: What does it mean to be “upside down” on a car loan?
A: Being “upside down” on a car loan is the same thing as having negative equity. If, for example, you owe $300,000 on a car that’s worth $250,000, you have negative equity.

Q: Can I trade in my car for a cheaper car?
A: If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $150,000 and the car is worth $200,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $50,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car; you can do what you’d like with it.

Q: What should I bring with me to trade-in my vehicle at Ferrari of Tampa Bay?

• The vehicle and any accessories associated with the model (2 keys, books, car cover, battery tender, etc.)
• The title, registration, and if applicable auto loan payoff information

Make Ferrari of Tampa Bay Your Automotive Partner Today!

If you have questions about how to trade in a car that is paid off, or how to get the best possible offer, don’t hesitate to contact us online or give us a call at 727-784-3377. While you’re here, be sure to browse our current inventory to start shopping for your next great offer.