Click me
Transcribed

Prepping Your Car for Trade-In

Prepping Your Car -for~ Trade-In Research the Value If you're using a bank or credit union to finance your new vehicle, they can easily look up your trade-in's general value. There are also free online sources such as Kelley Blue Book and NADA- guides.com. NADA GUIDES Year Make Model Mileage Vehicle's Options (performance package, leather seats, power steering,etc.) Zip Code KELLEY BLUE BOOK GUIDE OFFICIAL To use these free price-quoting services, you will need to know the year, make, and model of your vehicle, as well as the current mileage. You can select the vehicle's options for an accurate quote. Online sites also require your zip code so they can gener- ate prices based on the market in your area. You can also get a professional appraisal for your trade-in. What the Dealer Is Thinking Expect the dealer to order a vehicle history report based on your car's vehicle identification number. 199510 Mileage Profit Condition Vehicle Registration Report VIN # New car dealerships actu- ally make a bigger profit from the used cars they sell than on the new ones. Your Vehicle Checks Out! This is why they want your trade-in. The dealer will be looking not only at mileage and the overall body and cosmetic condition of the car, but also how the car has been used and treated. This will reveal whether the auto has ever been salvaged or had the odometer rolled back. When the dealer finally offers you a price, chances are there won't be much wiggle room. Getting More for Your Trade-in You should definitely wash and vacuum your car before you bring it in for a quote. But in most cases, a professional detail job is overkill, so save your money. What to Keep in Mind Don't negotiate around a monthly payment Do bring a calculator if you're financing to verify that the terms match the amount you've agreed to finance. Dealers can pad the monthly payment to add extras into the contract, some- times without the buyer even knowing he or she has paid for them. This gives a salesperson too much room to manipulate figures to the dealer's advantage, especially if you have a trade-in or are financing through the dealer. Instead, nego- tiate one thing at a time. Nail down the final new-car price before discussing the trade-in value or financing terms. Do be prepared to walk out if the salesperson tries to raise a price you negotiated by e-mail or phone, or if you feel uncomfortable with the negotiations or treatment. Sometimes, your willingness to leave the showroom is your most effective negotiating tool. Don't drive the car home before the financial paperwork is completed. That can result in so-called "yo-yo" or "spot" delivery, when the dealer calls the buyer back, claiming the financing fell through, to get him or her to sign new paperwork at less favorable terms. Sources: Bloomington FORD LINCOLN Bloomington, Indiana http://www.dmv.org/how-to-guides/trade-ins.php http://www.consumerreports.org/cro/cars/buying-advice/index.htm %24

Prepping Your Car for Trade-In

shared by bhonma on Mar 10
99 views
0 shares
0 comments
When trading in your vehicle, many factors come into play. Free online sources provide general value for your vehicle, but these simple steps provide a smooth transition to get the most from your car'...

Publisher

Brock Honma

Designer


Source

Unknown. Add a source

Category

Business
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size