4 Tips to Get the Most Out of Your Trade

October 19th, 2022 by

Have you ever taken your old car to a dealership and wondered why is your vehicle’s trade-in value so low and what you can do to get the best possible ROI on your car? This article has you covered. Here are four tips to get the best value for your vehicle trade-in San Antonio:

1.    Determine the Worth of Your Car

Realistically estimating your car’s value is the first step in negotiating a trade-in. From Edmunds to Kelley Blue Book, several resources can help you in figuring out the approximate cost of your vehicle. Doing so will provide you with a range of values that you can use to determine your own trade-in price.

2.    Make the Car as Appealing as Possible

A car dealer will never invest in a vehicle that is difficult to turn around and won’t sell for much profit. So, if you want to make your vehicle trade-in deal appealing to buyers, getting your car in tip-top shape is the right way to go.

Get the oil changed, have the car detailed inside and outside, get the engine tuned and the tires cleaned, and make sure that all the technological and driver assistance features are in good working condition. Also, don’t forget to get all major and minor repairs fixed, as the ultimate aim isn’t only to exhibit that your vehicle is well maintained but that it was cared for by the owners.

3.    Plan the Trade-in Timing Strategically

Did you know that it isn’t only the condition of your car that can affect the trade-in value? The time of the year you plan to sell your car can directly impact the vehicle’s price. For example, people tend to buy cars during spring and summer. So in order to meet the high consumer demand, dealers are willing to pay more for your vehicle.

On the flip side, during the holiday season, people are usually spending their money on retail products which makes it a bad time for vehicle trade-in San Antonio.

It is a good idea to keep an eye on the prices of used cars and gas whenever you are planning to buy or sell your vehicle. For instance, compared to 2020, due to the inventory plunge in the spring and summer of 2021, the prices of used cars increased up to 20%, making it the perfect time to get the most return on investment.

If the gas prices are high and you have a vehicle that gets great fuel mileage, there is a high chance that the dealership will buy your car for a reasonable price. However, if you drive a gas guzzler and the prices are sky-high, you will probably have to settle for a non-profitable deal.

Therefore, no matter which car you are planning to trade-in, always research the market trends and plan the trade-in strategically to get the most out of the deal.

4.    Negotiate Smartly

If you are lumping together your new-car purchase and used car trade-in into a single deal. There is a possibility that some dealerships might try to misguide you. Here are some pointers to help you negotiate a profitable vehicle trade-in San Antonio:

  • If a representative at the dealership says to you that the trade-in value you are asking for doesn’t apply because they follow a different guide. Politely ask them which guide they use, search for it on your smartphone, and look up the value of your car. Remember, it is always important to verify whatever the representative says.
  • One of the most common tactics used by dealerships is that in order to make up for agreeing to a price you wanted to trade-in your car, they end up raising the price of the car you want to buy. Therefore, keep an eye on the dealership’s bottom-line profit and make sure that the price of the new car doesn’t go up as you negotiate the trade-in.
  • If you are still struggling with your car loan, request the dealership to cover the amount, even if it is more than the worth of your car.

Contact Us to Get an Idea of the Value of Your Trade

Even though you might not care a lot about your old car – especially if you are planning to sell it because you are bored with it – getting the best trade-in value will help you in getting a lower price and monthly installments on the new vehicle. This is where the article comes in. Follow the above-mentioned tips and tricks to get a profit out of your vehicle trade-in San Antonio.

Best of luck trading your vehicle J