No one likes to spend more than they need to when it comes to expensive purchases, and people are always happy to save money whenever possible. A car is one of the most expensive purchases a person makes, with the average new 2010 car costing about $26,850. If you’re looking for a new vehicle, wouldn’t it be nice to save as much as possible on it? One easy way to bring down the price of a new car is by trading in your old one. Used cars bring in huge sales for dealerships, and most cars will have about 3 owners throughout its life. Dealerships know the value of used cars, so they are usually happy to offer you a deal when you trade in a vehicle. So how exactly do you go about a trade in? Follow the advice below to help you through the process:
How to Trade In Your Car
- Determine Your Car’s Value – Before making any vehicle trade in deals, you need to find out how much your car is worth. Resources like Kelly Blue Book allow you to input your car’s information to find out how much that particular model and year are worth. Once you know how much it is worth, you are in a better position to get a good bargain at the dealership.
- Fix Minor Repairs – Since you are getting rid of your car, you don’t want to put too much money into it for repairs. However, if there are any little things you can clean up, you will likely get a better deal by doing so. Spending a little money on repairs can increase your vehicle trade in value.
- Go Shopping – When you go to trade in a vehicle, you never want to take the first offer you get. Having done your research, you know how much to expect for your car. It is a good idea to go around to different dealerships to try and find the best offer out there.
An estimated 3.3 used cars are purchased per one new car, making used cars a big selling point for any dealership. If you have an old car that you are willing to part with, a trade in could land you a great deal on a new vehicle. Check out this site for more.