How to Increase Your Trade-In Value
Many car owners are used to the concept of trading in their current vehicle when purchasing a new one, but how do you know that you’re getting the most value for your car? What you might not know is that there are several ways you can boost your vehicle’s trade-in value, which could then translate into added savings on your next vehicle.
Continue reading to find out more about how you can increase the trade-in value of your car. If you have any questions, contact our team at Braman Honda of Palm Beach, proudly serving the communities of Palm Beach, Greenacres, Wellington, and beyond.
Research the Car’s Value Online
One of the first steps to boosting your car’s resale value is understanding its current value within the market. Use a value estimator like the one found at Cars.com to calculate the estimated value of your trade-in.
It’s important that the information you use when estimating value is accurate. Otherwise, the value you receive won’t be a true reflection of your trade-in. You can use this number as a starting point for increasing value or negotiating the trade-in value with your local dealership.
Make Sure that Repairs and Maintenance Are Up-to-Date
Although getting an oil change won’t drastically change the value of the car, being able to show that the vehicle was well cared for can. Gather service records that show the vehicle has received routine maintenance and be sure to have any large issues or problems fixed. If the car needs new brake pads or tires, consider replacing them.
Also, have the interior and the exterior cleaned thoroughly by a professional detailing service. A cleaning won’t cost you much and could help to improve the resale value of your vehicle considerably. Specifically, it’s a good idea to have any dents or scratches fixed before you attempt to trade in your vehicle.
Browse our collection of vehicles here to start the car buying process.
Ask About Trade-In Promotions
Occasionally, you might find a dealership that’s willing to pay more than market value for a used car. Why? Because their service department can refurbish these vehicles for relatively little money thanks to their access to tools and parts. They can then sell the used vehicle at a slight profit.
The is great news for you because you don’t have to pay for the refurbishing and instead get an increase in value for your trade. Be sure to ask the dealership if they’re running any trade in promotions before you go to trade.
Find Out More from Braman Honda of Palm Beach
This concludes our article on ways to increase your car’s trade-in value. For more tips and other helpful information, drivers in the Palm Beach, Greenacres, and Wellington area can contact us at Braman Honda of Palm Beach. You can also browse our extensive inventory for affordable new and used cars as well as check out our current specials.
If you’d like to know more about increasing trade-in value, contact us today.