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Trading in can seem like a daunting task but with our easy-to-follow tips and the right preparation, it can be a breeze.
1. Research the Value of Your Car
Do your research online by looking at cars in similar condition or getting your vehicle evaluated for a baseline of its value.
2. Get Your Car Ready
Make the best impression possible by ensuring your car is clean, completing small repairs and collecting all maintenance records.
3. Visit Multiple Dealerships
Get trade-in quotes from a variety of dealerships to ensure you get the best offer possible.
4. Negotiate
Get better offers by negotiating your trade-in value separately from the purchase of a new car.
5. Keep the Market in Mind
Sought-after cars will sell for more. Make sure you understand the demand for your car in the market.
6. Look Out for Deals
Many dealerships will have special promotions for those who are looking to trade in their car for a new one.
7. Time Your Move
Dealerships will have deals on old stock when a newer model comes out. Time your trade-in with these specials for a better price.
8. Disclose Issues
It's tempting to not mention issues with your car in hopes of getting more value but it’s better to disclose issues than have the dealer learn about them during the inspection.
9. Read the Fine Print
Once you’ve settled on an offer, it’s time to finalise the agreement. Make sure that you understand the conditions and complete the paperwork correctly.
10. Pick a Reputable Dealer
Only trade your car in with a dealership that has trusted service delivery.