While trading in your vehicle is a great way to help fund a new (or new-to-you) vehicle, it’s important to understand how to get the most for your trade-in in order to maximize your savings.
Do the homework
Before anything else, you should find out for yourself what your trade-in should be worth. Online price guides such as Kelley Blue Book make finding ballpark figuring for your trade-in value easier than ever before.
When doing your research, just make sure you’re honest about your car’s current mileage and condition, as these things can make a big difference. When you know approximately what your vehicle is worth, you’ll be more prepared to negotiate a trade-in value at the dealership.
Clean your car
Take some time to make your car look presentable. Professionals at the dealership will know what your car is really worth even if it’s a little dusty, but making a good first impression is important.
Without spending a lot of money, clean the interior and exterior of your car to enhance the dealer’s first impression of your vehicle when you bring it in.
Negotiate trade-in price separately
Often, dealers combine trade-in and new car prices, along with down payment and monthly payment figures in order to obscure the individual numbers.
If possible, negotiate the trade-in price separate from the cost of the vehicle you’re buying. This simply makes things less confusing for you and allows you to make sure you’re actually getting what you deserve.
Double-check the contract
After you’ve settle on a trade-in price, double check the final contract before signing anything. This will help ensure that you are in fact getting the price previously negotiated without any hidden costs.
For more information about how to prepareyou vehicle for a trade-in, contact us at Pollard Used Cars . We’ll help make the process as easy as possible.