The trade-in value of vehicles fluctuates due to a number of different factors. Whether visiting a Hyundai Charlotte, North Carolina dealership or a locally owned lot, both will look at the age of the car, the mileage, and the condition to determine the trade-in value. You should not go into a trade-in situation without doing some research. If you’re using the value of your trade-in to help finance a new car purchase, there are some things you should know to help you get the best price.
Research the Value of Your Vehicle
The Kelley Blue Book is the most commonly used source of information on used car values. You can simply plug in the information about the car online and get an estimated value for both private sale price and trade-in value. You can use this value to help you negotiate at a Hyundai Charlotte, North Carolina dealership, or determine if you’d be better off doing a private sale.
If purchasing a new vehicle, make sure you negotiate the sale price of the new car before getting the trade-in value of your old car. A dealer may try to make up for a higher trade-in value by increasing the overall cost of the new vehicle. Have a Hyundai Charlotte, North Carolina salesman put both quotes in writing and then proceed to negotiate the purchase of a new vehicle.
Keep It Clean
Before you take your car in to trade, make sure it’s clean and complete any minor repairs. If your oil light’s been on for two weeks, change the oil. If there are stains and dirt everywhere, have it detailed for a few bucks. It may not seem like these are important factors, but a dirty car with an oil light shining on the dash can greatly reduce the amount of money you’re offered during the trade.
The more work a Hendrick Honda has to put into your Hyundai in Charlotte, NC to make it saleable, the less you’ll get offered.