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.
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.
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.
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.