So you’re considering a new car, but don’t know what to do with your old vehicle? For sale by owner or trade in? Both have their benefits. For sale by owner might get you a little more money if you sacrifice time. A trade-in might lose you a little money but will give you time savings.
1. Research
The more you research, the more you’ll feel confident in your decision. Trade-in value is based on year, model, mileage, condition and demand of your vehicle. The more demand there is for your vehicle in an area, the better chance you have to get a higher trade-in value. Because of this, it is important to not only research car trade-in value but consider local market trends when determining your vehicle’s value.
2. Calculate
Sometimes it is worth it to repair certain features of a vehicle before you trade it in. Sometimes it is not worth it. It’s good practice to calculate the cost of the repair and then calculate how much more trade-in value would gained from the repair. This will tell you if the repair is worth it.
Quick fixes:
- windshield chips
- tires
- brakes
- dents
3. Keep in mind a dealership is a business
We need to resell the vehicle after you trade it in. We’ll give you the best trade-in value possible that allows us to resell the vehicle at a profit. We’re honest because that’s how we operate. No tricks with us.
