What's My Trade-In Worth?
What's My Trade-In Worth?
Experience the Transparency of Kufleitner CDJR of Boardman
When purchasing a new or used car, buyers should make every attempt to get the best possible price on their desired vehicle. Of course, incentives and rebates (if the vehicle is new) help lower the total cost of the vehicle considerably. However, if you have a vehicle to trade-in at the time of purchase, that is arguably the best method of lowering the final price of a new vehicle. But how are trade-in values calculated? Are there things you can do to increase your vehicle's trade-in value? Well, the team at Kufleitner Chrysler Dodge Jeep Ram thought it best to explain this process.
How is your trade-in value determined?
When determining your trade-in value, a few factors to consider, such as market price and the vehicle's condition, are the top two. The market price is calculated by the values of similar undamaged vehicles that do not need repairs. These values are the best price a seller is likely to get for such a vehicle if sold directly to a consumer. The condition of your car also plays a significant role in determining its value. For example, if your car is dirty and all dinged up, its value is understandable less than the same car in excellent condition. Although some websites can help you calculate the value of your vehicles, such as KBB or NADA, keep in mind that these are just estimates.
What are the benefits of getting my trade-in value from the dealer?
Many consumers prefer to trade their current vehicle in when they are buying another one as it is easier and much less stressful. All they have to do is drive to a dealership, sign a few papers, and drive away in a different vehicle. In addition, they can apply the trade-in credit to their down payment, reducing the amount they need to finance. Plus, when you trade in your vehicle, there can be tax advantages, too. In most states, they require a sales tax on any new car you buy. However, it is calculated out of the difference between the price of your trade-in and the vehicle you're buying, not the total price of the next car. Plus, when you have your trade appraised by a dealer, you know it is accurate. It is not an estimate.
How to maintain your car's resale value?
Maintaining your car’s resale value is key to how much you receive when you trade it in. You can do a few things to help keep your car’s value up. Starting with proper maintenance. Everyone knows that proper maintenance is essential but did you know that proper maintenance records are also crucial? Just because you tell someone that you had all the oil changes done on time doesn’t mean they will believe you. You also should keep your vehicle in good condition, i.e., clean and dent-free. Just because your car has 200,000 miles doesn’t mean it has to look like it does. No one wants to buy a car with stains all over the upholstery or smells like cigarette smoke. Use floor mats and seat covers to protect your car’s interior.
Get your trade-in Value online from Kuflenitner CDJR!
When you bring your vehicle to Kuflenitner CDJR, you can be assured that you will receive top dollar for it and leave feeling confident that you did not get scammed. We show you how and why we determined the value of your car so that you have the utmost confidence in your decision to trade it in. In 2 steps and 10 seconds, you will have the value allowing you to skip the tireless research process and guesswork.
May not represent actual vehicle. (Options, colors, trim and body style may vary)
Max payload/towing estimate ratings shown. Additional options, equipment, passengers, and cargo weight may affect payload/towing weights. See dealer for details.