So, you are thinking to upgrade your old car. Maybe it is no longer safe to drive or not suitable for your changing lifestyle. Whatever your reasons are you might be wondering whether to sell your vehicle privately or trade it in. If you want to sell it to meet your immediate financial needs the best option is to sell it privately.
On the other hand, if you need a convenient way to sell your car consider trading it in at a popular dealership. It is the best option for swapping your current vehicle with a newer vehicle with the least possible hassle.
Here are four simple steps to trade in your car for the best deal:
Research the trade-in value of your car
When you choose to trade-in your vehicle, the most important step is to determine its trade-in value. You can find various free car valuation tools on the internet. It will give you a rough idea about fair value of your car in the market. Some of the most popularly used websites are Red Book, Kelly Blue Book, NADA and Edmunds.
By using these you can get a reasonable price estimate of your vehicle even if you are a starter. Make sure to take a print of estimate so you can show it to the dealer while negotiations. This is a good way to know if you are getting a reasonable price or not. However, make sure to be honest about the existing condition of your wheels. Also, know your car options before you visit any dealership. Otherwise, you can end up trading in your wheels for an unfair deal.
Spruce it up, but don’t fix major repairs
When it comes to improving the curb appeal of a vehicle many experts share different views. Some suggest to make cosmetic repairs and upgrades in order to improve the overall trade-in value of the vehicle. While others recommend not to spend much on doing the major repairs. According them dealers can easily repair any damages or flaws at a reasonable cost. So, you don’t need to focus much on fixing and removing major flaws.
But most experts recommend to give a thorough cleaning to a vehicle’s exterior and interior. If you see any damage in crucial components of your vehicle, make sure to fix it. However, you don’t need to spend money for a professional car detailing, fresh paint job or purchasing costly chemicals for cleaning.
Get multiple price quotes from several dealerships
It is always better to shop around and get multiple cash for car quotes from more than one dealer. That way you can compare several offers and select the best appraisal for your vehicle. Also make sure the dealer is offering the similar brand for which you want to trade in your old vehicle. You can inquire the manager of the dealership and book an appointment for your auto appraisal. Remember to take your vehicle’s maintenance and service records as well.
Complete the deal
While negotiating your car’s trade-in price make sure to bring the printed valuation which you obtained in step 1. However, don’t forget that the mind-set of dealer will certainly differ from yours. They will definitely want to know if they can recover their money by trading in your vehicle. If you have received multiple quotes make sure to choose a dealership offering the vehicle that you exactly want.
Remember, your vehicle should be in preferable in Good condition while trading in otherwise selling your vehicle to a wrecker could be a better option since they can trade your car for cash on the spot.