Trade Cycle Hacking In Ontario: Why Flipping At 24 Months Beats Waiting 60

Deciding when to trade in your car in Ontario can be confusing. Many people don't realize that trading every two years can bring benefits. At Erinwood Ford, we explain why this timing is helpful.

Key Takeaways

• Swap your car at Erinwood Ford every two years to keep its resale value high, avoiding a big drop in value and expensive repairs.

• Aim to trade in your car when it has 50,000 to 65,000 km on the odometer. This is when you'll get the best trade-in value before hitting high mileage.

• By trading in before 24 months, you escape significant depreciation losses since new cars lose about 18% of their original price in the first year.

• Erinwood Ford offers attractive deals for trading in your car, like low-interest financing for those with good credit and discounts on new models.

• The best time to trade in your car is during the first half of the year. This period often brings higher trade-in values due to model year changes.

Understanding Trade Cycles

At Erinwood Ford in Mississauga, Ontario, we understand the importance of timing when you decide to trade in your car. The value of vehicles shifts over time due to trade cycles.

What is a trade cycle?

Economic cycles impact car values and shopping habits. In good times, or expansions, people often buy new cars. During tough times, known as contractions, they might choose used cars or keep their current ones longer.

This knowledge helps in offering advice on the best time to trade in or purchase a car. Erinwood Ford guides customers through options for trading in and buying cars, considering these economic changes.

Why timing matters in vehicle trade-ins

Timing your car trade-in is crucial because it affects your car's value a lot. Cars lose value quickly, often within the first few years. Trading in your vehicle around the 24-month mark helps you avoid this big drop in value.

Market trends also matter for pre-owned vehicles. They can make your trade-in worth more. At our dealership in Mississauga, Ontario, we keep an eye on these trends to help you pick the best time to trade in.

Finance and lease options with approved credit give you more strategies for timing your trade-in well.

At Erinwood Ford, we aim to maximize value and benefits for our clients by advising on smart timing for upgrading.

Benefits of Flipping at 24 Months

Trading in your car at Erinwood Ford after 24 months keeps its resale value high, avoids hefty repair costs, and saves you from worrying about major wear.

Maximizing trade-in value

To maximize your trade-in value, aim for the first half of the year. Cars lose less value before they become a model year older. After June, their value can decline sharply. At Erinwood Ford, we've noticed vehicles keep 60-70% of their original price in the early years.

This timing lets you switch to a newer Ford with advanced features and tech at a good return on your current car.

Switching your car every 24 months reduces maintenance costs and extends coverage under guarantee. Erinwood Ford offers deals and promotions, making it more affordable to upgrade to models like SUVs and hybrids.

Our team helps you secure the best possible deal on these newer models, ensuring a smooth transition into your next vehicle.

Avoiding major wear-and-tear costs

Swapping your car at 24 months cuts down on repair costs. Older cars often need more fixes. At Erinwood Ford, early trade-ins show fewer problems, saving money and reducing stress.

Keeping a newer model means staying under the protection plan that comes with most vehicles for a set time or distance. Trading in your vehicle before this protection ends dodges big repair bills.

Trading in your car before major wear and tear saves money and keeps you covered under the protection plan.

Moving on, it's smart to trade while still under the new vehicle’s protection plan.

Staying within warranty coverage

At Erinwood Ford, we suggest trading in your car before the guarantee period ends. New cars usually have a 5-year/100,000 km protection plan against major repair costs. Electric and hybrid vehicles come with an 8-year/160,000 km battery protection plan.

Trading in your vehicle within these time frames means any large repairs are covered by us. This way, you avoid big out-of-pocket expenses from breakdowns or faults. Also, getting a new car can offer better financing rates and new buyer incentives for those who qualify.

Moving to a newer model early can save money over time and ensure you're driving a car with the latest safety technology and features.

Taking advantage of new vehicle incentives

Erinwood Ford offers seasonal specials and discounts on models like the Ford Escape and Ford F-150. Buyers can enjoy lower monthly payments with these rebates. We inform customers about national deals for savings.

Sales events, including Black Friday and Boxing Day, provide chances to upgrade vehicles. Financing or leasing options need credit approval for qualified buyers.

Why Waiting 60 Months Can Be Costly

Trading in your car before 60 months can save you money. Cars lose value quickly in the first few years and might need more repairs. Trading early helps you enjoy newer safety features and technology without high maintenance costs. Visit us for a quick evaluation of your car's worth.

Impact of depreciation on trade-in value

A new car loses 17.97% of its value in the first year. At Erinwood Ford in Mississauga, Ontario, we tackle this issue head-on. We advise our clients to trade in their vehicle before it hits the 24-month mark to dodge major depreciation losses.

This strategy helps clients secure better trade-in deals on newer models equipped with the latest technology and safety features. It also keeps financing terms and interest rates favourable.

This way, customers can upgrade their vehicles without worrying about extra costs from maintenance and repairs over time.

Increased maintenance and repair expenses

Cars lose value as they age, leading to more spending on maintenance and repairs. After hitting certain mileage marks, major services like brake and tire replacements become necessary, along with unexpected repairs.

At Erinwood Ford in Mississauga, we see the costs older vehicles can rack up. That's why we suggest trading in your vehicle before facing these high expenses. Trading in early helps you avoid big repair bills, saving money for your next car purchase.

We aim for our customers to enjoy newer Ford models without worrying about large maintenance fees. This ensures a smooth drive in a reliable and cost-effective vehicle.

Outdated features and technology

Cars with old technology lose value quickly. At Erinwood Ford, we notice that new models have features like blind-spot monitoring and advanced navigation systems. These features are crucial for safety and enjoyment on the road today.

"Staying updated means staying ahead."

Keeping your car within its service plan helps save money in the future.

Key Factors for Timing Your Trade-In

Choose the best time and mileage to trade in your car at Erinwood Ford for good deals and savings. We offer free appraisals, new Canadian models, and financing options on approved credit in Mississauga.

Best mileage range for trade-ins

Cars with 50,000 to 65,000 km offer the best trade-in value. Keeping mileage in this range benefits those trading in their cars. Vehicles over 160,000 km drop in resale value quickly.

The average car drives about 20,000 km yearly. Trading your vehicle before it racks up high mileage can prevent big repair costs and loss of coverage.

At Erinwood Ford, we notice many owners trade their vehicles at optimal mileage. This approach ensures they secure better value while promoting safe driving habits.

Optimal time of year to trade in your car

Trading in your car at the right time gives you a better deal. Spring and summer bring higher values for your vehicle, especially in the first half of the year when demand rises. Trading in before value drops significantly in the last two quarters is smart.

For SUVs and trucks, aim for fall and winter. People want vehicles that can handle snow and tough conditions then. At Erinwood Ford in Mississauga, Ontario, we see this trend every year.

We inform our customers how timing impacts their trade-ins to maximize value.

Dave Raymond at Erinwood Ford points out that knowing when to trade-in significantly affects available deals.

Financial considerations for early trade-ins

To save money, trade in your car early. New cars, like those from Ford, lose value quickly. By 24 months, they retain more value than if you wait longer. Early trade-ins can also dodge the high costs tied to older cars' repairs and maintenance.

At Erinwood Ford, we focus on the financial aspects of trading in your vehicle. Our offers need credit approval and aim to be budget-friendly. We help customers find financial options that ease their worries.

Erinwood Ford simplifies the trade-in process for customers.

How Erinwood Ford Makes Trade-Ins Easy

At Erinwood Ford, we make trading in your car easy by offering free valuations and access to the latest Ford models with advanced safety features.

• Get a quick appraisal to find out your car's worth.

• Explore new deals for trade-ins, making the process worry-free.

• Choose from finance or lease options with approved credit.

Free trade-in appraisals

Erinwood Ford offers free trade-in appraisals with transparent pricing. We avoid hidden fees, ensuring a smooth trade process for your next Ford purchase. Our used cars come with full history reports, boosting buyer confidence and satisfaction.

Access to the newest Ford models provides significant benefits to our customers.

Access to the latest Ford models

Get a free trade-in appraisal and explore the latest Ford models at our dealership. We stock new cars and trucks, including the powerful F-150 and the efficient Ford Escape SUV. Our team stays updated on all vehicle details to ensure we offer good prices for every budget.

We have financing deals for buying or leasing that suit various needs. We aim to provide not just any car but the right one, with a wide range of trims and models available exclusively in Canada.

Find everything from durable workhorses to sleek city sedans here.

Look into options that match your financial situation whether you're interested in purchasing or leasing. Our selection includes vehicles designed for both tough jobs and daily commutes, all priced to fit different budgets.

Exclusive trade-in incentives and promotions

At Erinwood Ford, we offer special trade-in deals and promotions. These deals give customers better value when trading in for a new car. We have unique offers on select models.

For buyers with good credit, we provide low-interest financing options. This makes buying a new truck or sedan more affordable. Our incentives aim to make your next purchase exciting here in Mississauga, Ontario.

Explore Our Inventory for Your Next Trade-In

Erinwood Ford in Mississauga, Ontario, has a wide selection of new Ford vehicles. Find everything from the F-150 to the Fusion Hybrid here. Our inventory is always updated with fresh options.

We offer a free appraisal service for trading in your current car. This helps you understand its value and get a better deal on your next purchase or lease. We also have special trade-in incentives and promotions, making it easier to upgrade your ride.

Start browsing our selection today.

Conclusion

Trading in your car every two years keeps its value up and cuts down on repair costs. This way, you always have the newest safety features and technology. At Erinwood Ford in Mississauga, trading is simple.

You'll find great deals on the latest Fords easily. We help you pick the perfect vehicle for your needs.

FAQs

1. Why is the 24-month mark ideal for trading in my vehicle in Ontario?

Most vehicles experience steep depreciation in the first two years—up to 35% of their original value. Trading in at 24 months helps you avoid the biggest drop in resale value while keeping repair and maintenance costs low.

2. What’s the best mileage range for getting top trade-in value?

The ideal mileage range is between 50,000 and 65,000 kilometres. Vehicles within this range typically receive higher offers, as they’re still under warranty and haven’t hit major maintenance milestones.

3. How does Erinwood Ford help maximize my trade-in value?

We offer free, no-obligation appraisals, transparent pricing, and exclusive trade-in incentives. Our team also monitors market trends to ensure you get the most for your vehicle at the optimal time of year.

4. Are there financing or leasing benefits when I trade in early?

Yes—qualified customers may benefit from low-interest financing or lease offers, especially when upgrading to newer Ford models. All offers are subject to credit approval.

5. When is the best time of year to trade in my car?

Spring and early summer are generally the best times to trade in, as model year transitions and seasonal demand can increase your vehicle’s value. SUVs and trucks may see higher value in the fall and winter.

Dave Raymond

President, Erinwood Ford & Direct Nissan

Dave Raymond has been a dedicated leader in the automotive industry since 2006, serving as the President of Erinwood Ford and Direct Nissan in Mississauga. With a wealth of experience and a customer-centric philosophy, Dave has consistently aimed to deliver the highest level of satisfaction to his customers.

His involvement in industry relations is extensive, including his roles as a former member of the Ford National Roundtable, President of the Toronto Dealers Association, and various leadership positions on advertising and action committees at the national and local levels.

Dave is deeply committed to social responsibility, actively participating in numerous projects that reflect his dedication to making a positive impact on society. His approach to business ethics focuses on continuous improvement, fostering a team ethos through community service, and creating an interactive and satisfying buying experience for customers.