Trading In A Used Car

Trading in a used car can be a little tricky in terms of getting some of the money back that you have invested into the vehicle. There are certain things you add to the vehicle after purchase such as custom rims, tires, and special paint. These are things that only benefit you as the driver and owner, and cannot be recovered in terms of cost when you try to trade it in.

With that being said, there are things you can do to improve the value of your car. Basic features like Good body condition with minimal scratches and dents is always a good thing. Making sure to keep your car covered when not in use will protect the paint job, whether it’s been custom painted or still has the basic manufacturer paint on it. Also, anything you add in terms of a DVD system or GPS will add to the value, and perhaps upgraded speakers like a Bose system. Factory installed parts only depreciate with the rest of the car’s value and you have to be careful with what you upgrade if your hope is to increase the vehicle’s value.

To get a true estimate of what your car is worth, you can take advantage of used vehicle inspections or use the most famous tool of all: the Kelley Blue Book. This is available for free online and can be used any time of day or night. You will need to specify what value you are after, because private party resale value is always going to be higher than a retail trade-in value. Once there, simply fill in and check off details that are part of your vehicle and you can receive an instant estimate of its value.

You may also want to hire a mechanic to give your engine a check-up report. Just have them go through and verify that everything is in good working order and that the engine has a lot of life left on it still, as well as its working parts. This is where things like the transmission, brakes, timing belts and other necessary repairs should be kept up while you have the vehicle on a regular basis. Prevention is everything in terms of avoiding major costs, and regular maintenance can really help with this.

If you feel that the value you are being quoted for your trade-in is not quite where it should be, do a comparison search for vehicles similar to your own. Check the data on these cars and see where your proposed value compares to these. This will give you an idea of whether or not the car lot is being straight with you, or if you should consider going somewhere else to complete the purchase. If your vehicle is in great condition, you can actually use that as part of your negotiating process.

When you have the deal you are looking for, make sure the value of your trade in used vehicle is written in as part of the new purchase agreement. This will prevent any misunderstandings later in terms of what was agreed upon and what you will be receiving in return for this car. It’s also a good idea to get any prospective trade-in values from other dealers in writing. You can use these as negotiation tools wherever you go in order to get the most beneficial value for your pocketbook. Keep in mind that the car lot’s objective is to make money and it’s yours to make sure you get the right price. You must be vigilant and keep track of all records when making a purchase like this.

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