How To Get The Most For Your Trade In
When you want to trade in your car and get more for it, you must know what you are doing. Sadly, if you do not, the car dealership will take advantage of you and you will leave thousands of dollars on the table. With this in mind, here are five tips to get the most for your trade in.
Know value: Above all else, you should know the value of your vehicle. To do this, you can check out the KBB price and compare to your thoughts. Then, you should head to Craigslist and other local online classifieds sites. Here, you can find the true cost of your used car as you will see listings in real-time. However, you should know, when selling a car on Craigslist, one will ask for more than you will get for your trade in. For this reason, while you can know the rough value of your vehicle, this is not an exact science.
Clean the inside and outside thoroughly: If you want to impress the dealership, you should vacuum and clean the inside of the car. Then, you should wipe down the interior and get rid of any dust. While this is a simple step, many opt to skip it and take their chances at the dealer. To take it further, you should wash your car. Finally, you should put a new coat of wax the paint as it will show off the color. Without a doubt, when making your car nicer, you will command a premium for it.
Fix mall issues: Now, when you bring in your vehicle, you will not want to show off your car if it has a broken windshield wiper or non-functioning motor window. For this reason, you should fix these things ahead of time as you will show the dealer you place a high value on your car. Otherwise, if you show up with a heap of junk, the dealer will think you are not serious and will offer you a low price for your car.
Negotiate: While this is not always easy, you should negotiate the price. Not only that, you should know the true value on the open market as you can use the information to entice the dealer to make a deal. Think about it, if they offer $5,000 on a trade in, you should show them a printout of recent sales above that price. Then, with enough negotiating, you will get the best price.
Walk away, or at least prepare to: If you have the guts, you should not worry about walking away from the transaction. Remember, the salesperson wants to make money and will miss out on a transaction if you simply balk at a low offer. Then, when doing this, he or she is likely to come back with a reasonable amount.
With these five tips, you can get the most for your trade in. Since your vehicle is worth something to you, it is wise to follow these tips if you want to get top-dollar for your car.