FAQ
What is a trade-in car?
A trade in car is any used car that you may currently
have and want to sell. Generally, customers "trade
in" their vehicles to a dealership in order
to help facilitate the new vehicle purchase.
How does used car trade-in process work?
We take easy steps in order to ensure a fair
trade-in value for your vehicles. We will help
you to match with a car dealer that can provide
you the replacement car you are interested in
and also provide them information about your
existing used car. By identifying an interested
car dealer, you are able to arrange a trade
in inspection and appraisal for your used car
at the dealership that is handling your new
car purchase. Of course, the actual condition
of the used car has a tremendous impact on its
value but if the original car dealership does
not want to accept your trade-in or offers a
price that seems unrealistic, you are under
no obligation to trade-in your used car. If
you are still dissatisfied with the appraised
value of your trade-in or want to try selling
it yourself, you will almost always receive
a higher used car value selling your vehicle
individually. The downside of selling your used
car by yourself is that you can not predict
when it will sell making it difficult to apply
the proceeds of the sale towards the purchase
of your new vehicle at the time of your new
car purchase. These used car trade-in easy steps
are designed by us to assist you in making the
process hassle free, and also help you get a
fair used car value for your current vehicle.
Get
My Free Trade-in Quote!
How are used car trade-in values determined?
Each used car, truck, and SUV is unique. This
individuality is what makes used car value appraisal
an inexact science. Tools such as Kelly Blue
Book, N.A.D.A., and Black Book serve as guides
to car dealers to help them appraise the used
car. These guides provide a starting point to
assess the vehicle. Ultimately, the vehicle's
physical and mechanical condition, local market
conditions, potential reconditioning costs,
auction results, the dealership's own assessment,
and wholesale guides provide the most accurate
and realistic assessment of a used car's value.
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My Free Trade-in Quote!
What is the difference between wholesale / trade-in
and retail value?
Then wholesale value is the amount that a car
dealership will pay for a used car. Retail value
is the price that they hope to sell or trade-in
the same car, which of course would be a higher
price. They are also referred to as "low
book" and "high book", or "rough"
and "clean". Get
My Free Trade-in Quote!
What can I do to increase the value of my used
car trade-in to a dealership?
There are several small steps that you can take
to help ensure that you get fair value for your
trade. Foremost, be sure to know what your used
car is approximately worth. Additionally, before
you take your vehicle to the car dealership
for appraisal, make sure your car is clean,
both outside and inside. Appearances definitely
matter. Furthermore, bring all service records,
and your current registration and the title
to the used car. If you do not yet have the
title, bring the lien holder information, as
well as an accurate loan pay-off amount. This
information makes it easier for a car dealership
to quickly complete the transaction. If you
have any current mechanical problems or dents
and such, you will want to compare the costs
of fixing these problems with the reduction
in used car trade-in value. Often it is worthwhile
to repair any problems. Get
My Free Trade-in Quote!
