How to Get the Best Trade in Value for Your Car

If you are thinking of buying a new car and want to trade in your old one, there are two things you need to consider in order to raise the value of your car. One consideration deals with fixing up your car to improve its appearance and make it attractive to a buyer. The other is to negotiate the best deal possible. Following are what you should do to ensure that you will get a desirable trade in value for your vehicle.

 

Eliminate Dents and Odors

Fixing up your car’s exterior and interior can contribute significant trade in value. When it’s time to trade in, you should touch up any minor dents and scratches. Car dealerships would advise you to get rid of any smoke or pet odors that may be lingering in the upholstery. Sometimes that could turn out to be a difficult task, which would require the expertise of a pro detailer. A detailing shop may have an ozone penetrator that can remove any unpleasant odors.

Keep Maintenance Records

It is important to keep all the maintenance records of your car. You can use the records to prove that your vehicle is indeed in top shape and should be worth more. Most dealerships would not mind increasing the value of a recently maintained, serviced, or detailed car because it rids them of the trouble and expenses of getting the car detailed in their facility.

Turn to the Kelly Blue Book and Other Resources

Find out what The Kelly Blue Book says about the value of your car. It’s available online and the process of getting the specific value of your car is easy. Just enter your car’s make, model, year, condition and mileage and you’ll get results in seconds. You can print a copy of this information and bring it to the dealership. Other places that will tell you the trade in value of your car include the National Automobile Dealers Association, Autobytel, eBay Motors online, usedcars.com, AutoTrader and Edmunds.com. If there is a CarMax store close by, you can take your car there and get a free appraisal.

Other Effective Ways

Buying a new car at the end of the year is another way to get more money for your used car. The next year’s cars start coming in the dealership by September, so you may be able to get a new car for a lower price along with a higher trade-in value for your car. Buying a top-of-the-line model rather than the cheapest model may allow the dealership to be more flexible on what it offers you for your trade in because it will make more profit on a more expensive car model.

Dealerships want to sell you a car whether new or used and for that, they want to make it as easy as possible for you to purchase the car of your dreams. When you know the value of your car and it is in good condition, you can negotiate a fair price. Now that you are familiar with the process, you can do your research and be confident that you are getting the best trade in value for your car.

Sources:
 How much is the used car really worth?, consumerreports.org
Are Kelley Blue Book Values Accurate and Reliable?, Investopedia.com

Categories: Trade-in