Finally, you have enough budget to buy a new car. That’s great.
However, don’t let yourself get sidetracked. You’ve still got that rusty old thing in the garage you need to trade-off.
“But who would want to exchange an old car anyway?” is what you must be wondering. You may be surprised how much more your vehicle is worth than you think it is.
You can always increase the trade-in value of your vehicle and really make it worth a purchase.
Below are a few questions you need to consider to boost the trade value of your car.
How Can I Assess the Trade-in Value of My Car?
If you’re unaware of the market price of your car, then you are opening yourself up to potentially getting low-balled by a dealer.
Trade-ins form a sizable chunk of the final profit for most car dealers. That’s because used vehicles can be refurbished at a low cost before selling them off.
So before finalizing the trade, it is wise to perform at bare minimum a self-assessment on how much your car is worth on the market.
However, if you are completely clueless about the value of your car or believe it to have unique attributes to it, then contact a vehicle appraisal professional before you accept any offers.
Once you have the right price, negotiate with the car dealer for a fair amount. Our Winnipeg vehicle appraisal experts suggest contacting 3-4 dealers to find the best deal for your car.
Should I Fix Up My Car to Increase its Trade-in Value?
A bad-looking car won’t get you a good trade deal. That’s why you need to make the most of first impressions.
While larger repair work is probably out of question, fixing smaller problems won’t cost you much. On the upside, it will surely increase the trade-in value of your ride.
So, fix any minor noticeable faults such as dents, scratches, or broken door handles, before you may initiate the trade.
Additionally, fix all other apparent issues your car may have, like a broken tail-light. It will make your car look well-maintained.
Can Replacing Wheels Boost the Trade-in Value of a Car?
Do your car’s tires appear a bit wonky?
Then, it is time to get their alignment and rotation checked.
However, if your wheels are completely worn out, consider buying a new set.
You can replace the tires with any inexpensive options available on the market.
After all, a car without its wheel won’t grab much in terms of money.
Does Cleaning a Car Increase its Trade-in Value?
The condition of your vehicle is a direct indicator of its market price.
One of the easiest ways to improve the worth of your car is to give it a thorough cleaning.
Other than being unattractive, a dirty steering wheel and trashed seats will set you back a good amount of dollars when finalizing your deal.
So, tidy up your car and make it look more presentable to increase its value. Wipe down the windows with some quality cleaner and vacuum the interior.
Furthermore, our Winnipeg vehicle appraisal professionals suggest waxing the exterior to give your vehicle a more polished look, if needed.
Does Documentation Matter?
From small oil changes to larger repair jobs, all service documentation counts.
For sure, title deeds and registration records are important. However, keeping track of the work performed on your car shows the buyer that you’re a responsible owner.
You’ll surely get a better bargain when your dealer is convinced you’ve maintained your vehicle well.
Still unsure about how much your ride is worth? Contact our Winnipeg vehicle appraisal professionals to get their expert opinion on the true trade value of your car.