If you intend to trade in a vehicle at a car dealership, it’s only natural to hope for top dollar. Whether you’ll actually be able to secure the maximum trade-in value, however, depends on a variety of factors. Here’s a handy guide to help you maximize your return.
What Affects the Value of Your Trade-In Vehicle?
1. Trim Level
Generally speaking, a vehicle with leather seats and a backup camera will command a higher trade-in value than one without such add-ons. The nicer the trim package, the more the car is worth. Keep in mind, however, that car dealerships don’t usually value after-market features in the same way.
The more miles a vehicle has, the less it’s worth to both dealers and consumers. To secure the maximum trade-in value, the car should have accumulated less than 10,000 miles per year. In other words, if you’re trying to trade in a 2015 model for top dollar, the car should have no more than 50,000 miles on it.
3. Cosmetic Condition
Scratches, dings, and dents might not affect the vehicle’s operation, but they will certainly influence its trade-in value. Tears, burns, and stains on the upholstery will also lower the car’s value, as will chipped windows.
4. Vehicle History
If the car has ever been in an accident, it will almost certainly yield a lower trade-in value. Also, if it was deemed a total loss by insurers—in other words, if it has a salvage title—you won't be offered much in the form of compensation.
5. Dealership Discretion
Every car dealership uses its own metrics to value trade-ins. To ensure you get the highest compensation possible, turn to a reputable facility that has a long history of satisfied customers.
When you’re ready to upgrade your vehicle by trading it in, turn to Swant Graber Motors. Located in Barron, WI, this car dealership has been serving Barron County for more than than 77 years. Whether you're in the market for a Dodge®, Chevy®, or Ford®, their knowledgeable associates will help you find the perfect vehicle. Visit this car dealership online to browse their vast inventory, and follow them on Facebook for your chance to win one of their Friday giveaways. To schedule a test drive, call (715) 537-5657.