Steps for Trading in Your Used Car

February 6th, 2017 by

When you’re ready to buy a vehicle that’s new or new-to-you, you’ll need to decide what to do with your old vehicle. One of the most popular options is to trade in your used vehicle to a dealership.

This makes it so that any value in your old vehicle goes toward the purchase price of your next vehicle. If the old vehicle isn’t worth anything, you could still be eligible for a special financing rate if you trade in with the dealership where you purchase your next vehicle.

What’s the process for trading in your used car? We’ve outlined them for you right here. Check it out, then get started with a used car value estimate from the team at Braman Honda of Palm Beach.

Step 1: Research the Value of Your Used Car

The first step to trading in your used car is finding out the value of the vehicle. That means doing some extensive research. We recommend looking at top sites like Kelley Blue Book’s to find out what the fair market value is for your vehicle before making an estimate yourself. Pricing estimates should take into account the age and condition of the vehicle.

Step 2: Increase the Value of Your Used Car

If you want to increase the value of your used car, you can do so by making sure the vehicle looks, smells, and drives at its absolute best for the person evaluating the price of the vehicle. You’ll still want to keep in mind the information you found in your research and be aware that your vehicle won’t go for much more than the fair market value you already found, regardless of what you do to the vehicle prior to the sale.

Step 3: Get a Used Car Evaluation from a Professional

Once you’ve done your best to get an idea of a fair price, and spruced up the vehicle so it looks its best, it’s time to get it checked out by a professional at your local dealership near Palm Beach, Boca Raton, and Greenacres. The used car specialists there can give a fair estimate so you know exactly what you’ll get from trading in the vehicle.

Step 4: Negotiate a Price and Make the Deal

Now that you have an estimate, it’s time to negotiate the price of your trade-in and your new vehicle based on your research. Given that most estimation information is available online, keep in mind that there’s likely little room for negotiating on the prices of both the trade-in and the new vehicle. But that doesn’t mean it hurts to ask. Also, be sure to ask about any special financing offers for trade-in customers.

Get Started with the Team at Braman Honda of Palm Beach

The trade-in team at Braman Honda of Palm Beach works with customers like you through this entire process. No matter what used car trade-in step you’re on, contact our team and let us know how we can help make the process easier for you.

Ready to get started? Get a trade-in estimate from the team at Braman Honda of Palm Beach now.

Posted in Used Cars