How does a car trade in work??

Question

How does a car trade in work??

Answer 1

You need be careful when going to trade in your ride to a dealer.  If you are not sure of the value then you can get really ripped off.



Dont be suprised if a dealer makes a terrible offer. It's not hard to get a quote at a website to see how much your vehicle is going to fetch.  I have recommended http://tradein.123thebest.info - Good luck.

Answer 2

The dealer evaluates your vehicle looking at: year, make, model, trim level, overall condition, needed repairs (both cosmetic and mechanical), mileage, Carfax report, demand for the car in his market and more.  Then they use several sources such as online auction values for similar vehicle, Black Book, Blue Book, etc. to arrive at a "wholesale"  value.  This is the amount they will offer you.  It may not be their first offer, so if you have your own research, it is a good time to negotiate.  Usually, you can make $1k-$2k more if you sell it private party.  Good luck with your purchase.

Answer 3

I agree completely with the person above. What I'd like to add is that you have to disclose the fact that you want to trade after you have determined price of the new car.

Never disclose that before you determine price of the new car. Or else you will get Ripped Off.