Selecting Cars for Your Family

Tips For Trading In A Car

Trading in your car for another one can give you a new car at a great deal if you go about it the right way. However, you can also take a serious loss if you don't know what you are doing. Below are a few useful tips to help you get the best value for your trade-in.

Clean the Car

Clean the car to improve its 'curb appeal,' so to speak. You don't want to trade in a car with yogurt spills on the seats; that can turn off potential buyers and anything that can affect buyers affect the price. You should also fix minor issues that will not cost you much. You don't have to make the car brand new; everyone will still know it's used, but it shouldn't be obviously dirty.

Determines the Car's Value

Do a little research to help you gauge the approximate value of the car. If you know your way around the internet, there are websites that can help you appraise your car from the comfort of your home. You will just need your car's details such as make, model, year, and trim levels.

Watch Out For Sentimental Value

Some people get so attached to their cars that they can't differentiate between the car's actual value and its sentimental value. If you have had the car for a long time, you might not even know that you have a sentimental attachment to it that is affecting the value. You should suspect that this is the case if you find yourself disagreeing with all the appraisal values from independent sources.

Bring the Receipts

On the day of the trade-in, bring all the relevant receipts to the dealership. Specifically, you should carry the purchase receipts, repair receipts, and maintenance records. These documents will help you prove the value of the car.

Negotiate Independently

A common mistake people make when trading in cars is to negotiate the trade-in alongside the purchase of the new car. The negotiations can get very confusing and one deal is likely to suffer if you go about it that way. Ideally, you want to separate the negotiations and deal with each independently. That way, you will know whether you are getting a good deal for the trade-in and you can walk away if necessary.

Hopefully, you will have an easy time negotiating your car's trade-in using the above tips. Note that you can also boost your chances of getting a good deal, including for the new car purchase, by dealing with a reputable dealership. Click here to learn more about trading in your old car for a new one.