Trade-In Your Car !

Improve your car's Trade-In Value

Most of the car dealers have a trade-in facility, which they often use as a tool to attract new car buyers.

For sure this reduces a lot of running around and leg work for you.  However, the price offered by the dealers are usually very low. Therefore, it’s always a good idea to explore a few additional places too.

For instance, you may search few websites for used cars. This platform can offer you loads of rich information on the overall market scenario. Additionally, you can even utilize the strength of print media and social media to your advantage. 

You may choose to sell your car to a dealer or a private client. If you’re planning on trading in your old car, know the true market value of it. Do a quick search online to calculate the average value for your model and year. Remember to discuss Trade In separately and not as a part of new car price negotiation (Refer Four Square Technique). It’s even better to sell your old car to a different dealer than the new car seller.

*TIP: Buy & Sell websites offer free evaluation on your cars. After having it done, do remember to check on the same website how much are they selling similar cars, to have a fare idea on real price.

Selling to a private buyer, can get you a better value. But as it needs more time and efforts, you may avoid taking this as your project. This may need your special attention to car detailing, which we discussed earlier. Also arranging back to back Test Drives may require a lot of co-ordination and discomfort. That is to say, if convenience and saving time is your top priority, then selling to a dealer is your best alternative. As a result, you may lose out on your margins. By offering and getting your car evaluated by several dealers, you can have a fare idea on the actual market value.

There’s a huge demand for used cars these days, due to uncertain market conditions affected by Covid-19. If it’s in good condition, you should have no problem selling it to a private party. It’s needless to mention that a well cared car would fetch you a much better price and make it easier to sell. Timely service, general appearance of your car from outside and inside are few essentials to be given due importance.

To gain further insights on how to enhance your Trade-In value also refer our article – Prepare your car for best first impression.

To know how much your car is worth, you may initiate by checking the prices appearing in the classifieds by owners of similar or closely related cars. Websites for buying and selling used cars can also indicate the worth of your car in context with the prevailing market conditions. For most people, the hassle of selling their car to a private buyer is well worth the effort, when you factor in the amount of money saved. 

Recommended read

Imran Malik, Features Writer, Wheels gives simple though most effective TIPS to enhance your car price in his article Five tips to sell your car for as much money as possible!”

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