How to Trade in a Car

Tiny car with coins and finance paperwork

Learning how to trade in a car might seem at first like it’s going to be a long, drawn-out process, but it really breaks down to three main steps:

  1. Get an Estimate of Your Trade-In Value
  2. Visit an Expert for an In-Person Appraisal
  3. Negotiate and Accept a Final Offer.

You’ll then sign any relevant paperwork and get to choose your next new vehicle or used vehicle. To make things simpler, our finance team has put together a more detailed breakdown of each step.

1. Get an Estimate of Your Trade-In Value

Use an online tool like Kelley Blue Book® Value or Edmunds True Market Value® to get an estimate, making sure you shop around to get the most accurate figure. That estimate will be based on factors such as:

  • Vehicle Make, Model, and Year
  • Vehicle Condition
  • Vehicle Maintenance History

It’s also a good idea to inspect past ads and find out how much vehicles like yours have sold for in the past around the San Diego area. You can also use the value your trade-in tool from Jack Powell Chrysler Dodge Jeep Ram.

Tiny car with calculator

2. Visit an Expert for an In-Person Appraisal

Next comes the in-person inspection. The figure you’re quoted might be less than you expect, but you can minimize the difference by being as truthful as possible during the estimate process. You can go to a dealership for an impartial in-person appraisal.

3. Negotiate and Accept a Final Offer

If you’ve done your research properly, you’ll now be able to use that information to negotiate a better price if the one you’re quoted feels a little low. You might not always get it as high as you want, but it’s always worth leveraging any information you have to your advantage.

If you choose to accept an offer, you can go ahead and put that money towards your next vehicle or simply walk away with the cash in your hand. In general, it’s better to put the money towards another vehicle instead of trusting a private seller across San Marcos or Carlsbad.

Learning How to Trade in Your Car is Simple When You Follow Our Handy Guide

We’re always happy to provide car buying tips and tricks to help ensure you drive home the ideal model at a price that works around your own financial situation. For any further advice or assistance, don’t hesitate to get in touch directly or visit our Escondido, San Diego dealer.

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