When shopping for a new car, your current vehicle can be a key part of the financing conversation. By trading in your current vehicle and applying it to the cost of your next one, you can significantly lower your monthly payments and the total amount you owe on the car. So, how do you make sure you’re getting the most value for your trade?
At Mile High Honda, we’ve collected some of our best tips for increasing your car’s trade-in value so our Denver, Aurora, and Centennial area customers can get the most bang for their buck when it comes time to trade in. Read below to find out more, and please feel free to contact us with any questions.
How Much Is Your Vehicle Worth?
Before you even head to our dealership, you’ll want to know the estimated market value for your vehicle. You can find this number by using trusted resources like Kelley Blue Book®. This free online resource will help you gauge how much your car might be worth by asking a series of questions about its current condition, features, and more. Once an estimated value or value range has been acquired, you’ll be able to use that number to help negotiate a trade-in value.
Have the Car Detailed
No matter how old your car is, a thorough cleaning can go a long way when it comes to resale value. That’s because a large part of the actual evaluation involves a visual inspection by an appraiser. A scratched paint job or dirty interior is sure to lower the value of the vehicle. After all, the new owner will have to pay to have those issues fixed. You can potentially boost the trade-in value just by having the vehicle properly cleaned and fixed up.
A car cleaning is a relatively inexpensive way to help boost your car’s trade-in value. We recommend having the exterior and interior thoroughly cleaned before you go to trade in. If the car looks brand new, you’ll likely be able to get more value from it.
Look for Special Offers
Another way to get the most for your trade is to see if the dealership is offering any special incentives for trading in your vehicle. Occasionally, dealerships will run special offers that can add value to your trade-in. They do this for several reasons, but one of the main reasons is to help increase their inventory of used vehicles, since they can’t just order more used cars from the manufacturer. Instead, dealerships rely on drivers to trade in their vehicles. That puts your vehicle in possibly high demand.
Ready to Trade In?
Now that you know more about how to increase the value of your trade-in, you’re ready to start shopping for your next car. Be sure to explore our inventory of new and used vehicles at Mile High Honda to find the right model for you. Then, bring in your trade, and we’ll help you get the most value out of it so you can apply it to the purchase of your next vehicle. If you have any questions, just contact us online. We proudly serve the communities of Denver, Aurora, and Centennial.