HOW TO GET THE MOST MONEY WHEN TRADING IN YOUR CAR

Trading in your car seems like a no-brainer when you’re looking to sell your old motor. There is nothing easier than signing a few papers and driving away in a new vehicle on the very same day. Oh, and the amount of the upfront or finance costs are lower too as the value of your old car is used as a deposit.

While trading in a car is a cost-saver and hassle-free, there’s no reason to accept the first price they give you. After all, it could be too low and money might get left on the table. Here are some fantastic tips for getting the most money when trading in your old vehicle.

Choose a Used Car Dealer

There are lots of dealers on the market, but the best ones for trade-ins are used car specialists. When you opt for a company such as Sutton’s, you tend to get the most value because they know how to sell it on for a profit. They want popular models with low mileage as their customers trust them to provide high-quality, second-hand vehicles. Because they already have the demand, they need the supply and are usually willing to offer more as they can cover the costs while maintaining their reputation.

And One That Doesn’t Sell Your Car

Okay, a dealer should sell the make and model of your car, yet you don’t want there to be too many. Why? It’s because their inventory will hit the value of your car hard. If they already have loads of Vauxhall Astras and can’t get them off the lot, they won’t pay a premium to add another one to their collection. Dealers that don’t have them, on the other hand, might pay more as they are popular with their customers.

Consider Your Car’s Appearance

Car dealers aren’t rocket scientists that look into every small detail before they make a decision. They understand the general worth of a car, and more importantly, what a buyer will pay for it, and that impacts their resale value. People want vehicles that go fast and don’t cost a fortune to run, but they mainly want a good-looking one. Washing the exterior and cleaning the interior, therefore, is a simple yet effective way to boost your car’s trade-in value. Make sure it sparkles so that it makes an excellent first impression.

Find Out More About Repairs

Wear and tear both cause cars to breakdown more often than they should. So, the chances are that your motor will need a service and a couple of repairs before it goes to a dealer. First thing’s first – take to a mechanic you trust. By doing this, you can gain leverage to use in the trade-in negotiations and have a backup plan. For the former, all you need to do is tell the dealer that your mechanic said it would cost X amount to fix. That should stop them from trying to take advantage of you and reduce the amount they are willing to offer.

For the former, remember you can take it back to the garage if the amounts the dealer gives then eat into your profits.

Contributed Post

How to Get the Most Money When Trading In Your Car