The trade-in value of a car depends on several factors, including the make, model, year, and overall condition.
Most of these factors are beyond your control, but perception is everything and a car that is older but in better condition could fetch as much as a newer model, if not more!
To get the best deal when trading in your car, it is essential to know what dealerships look for. To get the best deal for your trade-in, consider the below five tips when boosting your car’s perceived value:
Deep Cleaning
While this may seem insignificant to the overall condition of your car, a clean vehicle can influence a dealer’s perception.
A clean car indicates that you have taken care of it properly and that it is in good condition overall. Give your vehicle a thorough clean, inside and out, before taking it in to be assessed.
Schedule a detailing to make sure your car is looking its best before taking it to the dealership.
Fix Dents
If your car has small dings, dents, or scratches, now is the time to get those patched up.
While these may seem insignificant to you, especially if there is a cute story behind them, they will not be quite so endearing to potential buyers – and will therefore lower your vehicle’s trade-in value.
Vehicles that are well-kept, undamaged, and clean are infinitely more attractive to potential buyers looking to buy a used vehicle, which could dramatically raise their trade-in value.
Negotiation
The first trade-in offer you will receive might seem a little low, but the good news is that there is almost always room for negotiation.
While negotiating may not be your strong suit, it is worth opening a dialogue with the dealer. Do not be put off by this step – negotiation is the backbone of any deal, and being able to go back with a counteroffer is one of the benefits of trading in your car.
Documentation
Before taking your car in for an assessment, prepare all necessary documentation.
Paperwork is a legal requirement of any car sale, so ensure you have the owner’s manual, service records, and any pertinent information and receipts for repairs or upgrades.
Provide the dealer with this information to boost the value of your trade-in and streamline the entire process.
Service Records
Your car’s mechanical condition is more noteworthy than its cosmetic condition.
A full-service history and any remaining time on your vehicle’s service plan will add to its overall value.
If your vehicle does not have a service history, do not panic; there are a few things you can do to help. Before taking your car in to be evaluated, perform maintenance work and minor repairs.
Start by checking tire pressure, changing fluids, and replacing filters.
To End
While there is an art to trading in your vehicle and getting the best deal, it does not have to be a challenge.
Start by understanding the realistic value of your car and the demand for similar models, then follow these five helpful tips above.
