You’ve just bought a new car and you’re not sure what to do with your old one.
Maybe you should trade it in! But before you make that decision, there are some things to consider in order to get more money for your car when you trade it in. Here are five tips that will help you boost your car trade-in value so you can get the most out of your old car when you need to upgrade.
1. Check the Car’s Condition
The condition of a car is extremely important to its trade-in value. Once you have decided that you want to trade it in, take a look at your car. Check for scratches, dents, and tears in the fabric interior along with small cracks in the dashboard or other surfaces. Any necessary repairs should be completed immediately. Also, replace any broken items with matching ones in both quality and color to ensure that the highest possible value is given for your vehicle when you trade it in. It is also important to change all the fluids, including transmission fluid, engine oil, brake fluid, power steering fluid, and coolant.
2. Get an Appraise
Before trading in your old car, find out what it’s worth so you know how much money to expect when it’s time to trade it in. Call a car dealership that purchases used cars and arrange for one of the employees to come out and give you an appraisal. Car trade Exchange mainly deals with car trade-in of well-known brands of cars. So it is important to make sure that the dealer you are approaching for trade-in is trustworthy and has a reputation of not doing any hanky-panky business transactions. You can also go online and look up various vehicle ‘blue books’ that indicate what your car’s value is based on its make, model, year, mileage, and condition.
3. Check out the Vehicle Updates
Very often, when you buy a new car it will come with updates that were made to the vehicle since its original release, such as added features or design changes. These changes can affect your car’s value when it comes time to trade-in for another vehicle. Look into what types of updates were made for your car and decide whether or not they are worth keeping. From an updated instrument panel to added features such as a navigation system, the more value you give your old car, the more money you can expect to see when it comes time to trade it in
4. Take Care of Any Outstanding Fees
Many times, an old car will accumulate fees that the owner has failed to pay. The best thing you can do for your car’s value is taking care of any outstanding bills before trading it in, including inspection fees and registrations. Also, look into warranties for repairs done on your vehicle since you bought it. If there are still warranty periods left on the parts that were replaced, this will help boost your car’s value when it comes time to trade it in
5. Get Your Car Cleaned and Waxed
While this may seem like an unnecessary step, you would be surprised at the difference that a little cleaning can make on your car’s new price tag. Make sure to detail your car and wax it to make sure that any scratches or dings don’t stand out, as this can affect the value of your car when you trade it in. Getting your car detailed and waxed can also help protect it from rusting, which is another factor that will lower the value of your car when you trade it in.
If you want to get the most for your trade-in, it is important that you have a clean car and all of its updates are current. If there are any outstanding fees or repairs needed on your vehicle, take care of them before trading in. A new paint job can also help boost your car’s value. There are many steps to consider when looking at how to increase the worth of your old car so that you can get maximum cash out of it when the time comes for an upgrade! This article has given you five great tips that can help increase your car’s value when it comes time to trade it in. Hope this helps!