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How to Trade In Your Vehicle at a Dealership

Trade-In Process

How to Trade In Your Vehicle at a Dealership in Chilliwack BC
You have finally decided that it’s time to get a new vehicle – but what are you meant to do with your old one? One of the easiest ways to swap your old car for a new one is trading it in at the dealership. This guide outlines what trading in your vehicle means and helps you better understand how to do just that.
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What Does Trading In Mean?

When you trade in your vehicle for a new one, you are essentially selling it to the dealer. The amount of money that you receive from the dealership will then go towards the price of your new car, reducing the amount of money you will have to pay for it.

Be Prepared

If you’re trading in your vehicle for a new one, then you should come prepared. While you don’t need to refurbish it to retail condition like you might have to do in a private sale, you should still make sure you take care of the following:
  • Bring the necessary paperwork: Be ready to provide all service records, appraiser paperwork that shows any repairs that were completed, and your title.
     
  • Consider a thorough cleaning: While you don’t have to make sure your old car’s as spic-and-span as you would if you were selling it privately, it’s important to still give a good first impression. Giving it a wipe down beforehand will show that you cared for it, giving you a leg up.
     
  • Know your car’s value: If you understand your trade-in car’s approximate value, you will better understand whether you’re getting a good deal or not.

How Value is Determined

Once you have brought your vehicle in to trade, someone in the dealership’s used car department will have a look over it, give it a test drive, and make an offer based on what they believe the car’s value to be. To determine the car’s value, they will look at the following characteristics:
  • Vehicle age
  • Mileage
  • Ownership
  • Vehicle condition
  • Matching tires
  • Options and add-ons
  • Mechanical condition
  • Seasonal demand
  • Paint colour

Get The Most For Your Trade-In

If you’re purchasing a new car, one of the ways you can get rid of your old one is by trading it in. When you trade in your vehicle, you save both time and hassle since car dealerships are constantly looking for good used cars to sell. If you’re planning on trading in, these tips will help you get the most for your used vehicle.

Know Estimated Value

There are a number of online tools that will give you a guide price for your car’s estimated value. Keep in mind, though, that these prices are just that — a guide. When you fill these online estimators out, make sure you’re honest about your vehicle’s condition level, list all options that are included, and provide the correct mileage. That way, you will receive the best estimate possible.

Consider Curb Appeal

While you don’t want to give your car a complete overhaul before bringing it in to trade, you do want to consider its curb appeal. After all, the dealer will make an offer based on the car’s general appearance and condition. Give your car a cleaning and vacuum it out — though you don’t need to get it completely detailed. Also, consider fixing any minor scratches or dents that it might have to make it more appealing.

Think Like A Dealer

It’s ultimately up to your dealer to accept your trade-in vehicle for a specific value, so you should try and think about your car from the dealer’s perspective. Typically, a dealership will consider how quickly your trade-in will sell. They will also examine it to see what repairs it will need to get up to standard and the current demand for certain vehicles. For instance, you will likely get a solid value for a small, fuel-efficient vehicle when fuel prices are up — but you might want to wait to trade in your large SUV when they are up, too.

Do you have more questions about trading in your vehicle? Call us here at O’Connor Chrysler Dodge Jeep® Ram. We’re here to help you transition smoothly from your current leased vehicle to a new — or new-to-you — one.
Value Your Trade
Apply For Financing

Contact Us

45730 Hocking Ave
Chilliwack
BC
V2P6J1

Sales Department

Hours

  • Monday
    8:30am - 5:00pm
  • Tuesday
    8:30am - 5:00pm
  • Wednesday
    8:30am - 5:00pm
  • Thursday
    8:30am - 5:00pm
  • Friday
    8:30am - 5:00pm
  • Saturday
    8:30am - 5:00pm
  • Sunday
    Closed

Contact Information

45730 Hocking Ave
Chilliwack, BC V2P 6J1
Phone: (866) 200-5072

Contact Us

45730 Hocking Ave
Chilliwack
BC
V2P6J1

Sales Department

Hours

  • Monday
    8:30am - 5:00pm
  • Tuesday
    8:30am - 5:00pm
  • Wednesday
    8:30am - 5:00pm
  • Thursday
    8:30am - 5:00pm
  • Friday
    8:30am - 5:00pm
  • Saturday
    8:30am - 5:00pm
  • Sunday
    Closed

Contact Information

45730 Hocking Ave
Chilliwack, BC V2P 6J1
Phone: (866) 200-5072
- + Disclaimers