How to Get the Most for Your Trade in Vehicle

Now that 2013 is here, you may be eyeing that new model Nissan you’ve wanted for a while. Getting a new car is awesome, but expensive. Thankfully, there are tons of ways to make getting a new car possible for just about anyone. Whether it’s financing, leasing, or something else, getting a new car is a lot easier than it was a few decades ago. Most people who get a new car usually opt to trade in their old car to the dealership, which is a great option. If you’re smart about it, trading in your car can get you a couple hundred (or even a couple thousand) extra dollars to make your new car more affordable. Check out these tips on how to get the most money for your trade in vehicle when you go to buy a new car.

Get It Detailed

When you go to trade in your vehicle for a new one, the dealership will do everything they can to attempt to lower the asking price of your car. The person doing the appraisal will point out every single scratch, no matter how big or how small. Expect the appraiser to examine every tiny defect on your leather seats, and point out every imperfection. This is done to try and get you to feel like your car is worth less than it is. Spending some money on a detail before getting your car appraised for a trade-in will ensure that the dealership has less things to point out, meaning you will get a higher offer (or can counter with a higher offer, since the car looks great). If you can’t afford a full car detail, even a simple wash will help increase the trade in value of your car.

Wait for a Holiday

Almost all large dealerships like offer huge savings during holiday weekends, and many include trade in specials as part of those savings. For example, if you trade in your vehicle during Labor Day Weekend, you may be eligible for an extra $1000 trade in credit. All dealerships do these specials a bit different, so check with your local dealership to see what kind of specials are going on. If you’re planning to wait until a holiday weekend to get your new car, go into the dealership the week before; dealerships almost always start their promotional prices and specials a week early, and will definitely have a much larger selection than if you would’ve gone during the weekend.

Car Key and Dollars isolated on white.

Shop Around

Keep in mind that you should get close to, if not more, than the Kelley Blue Book value of your car. Dealerships will try to offer you significantly less, but don’t take it! If a certain dealership isn’t offering what you think your car is worth, take it to another dealership and see if you can get more. Even the threat of taking it to another dealership might be enough for the original dealership to up their offer.

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