Used Car Trade-In Guide
Used Car Trade-In Guide
Posted on November 28, 2022
If you are purchasing a used vehicle and you are ready to make a trade-in on your current vehicle, Nexcar Auto Sales & Leasing has compiled everything you need to know in this guide. Our Car Dealership in Toronto wants to see you succeed in your used car purchase and trading in an old vehicle is part of the process. Continue reading here to learn what a vehicle trade-in is and how to get your vehicle ready for a trade-in.
What's a "Trade-In"?
Essentially, if you are purchasing a vehicle and you no longer have use for your current vehicle, you can choose to privately sell your vehicle or trade it in to the dealership. Trading it in means that the dealership will determine how much it is willing to offer you for your old vehicle. They will then allow you to use that money towards your new vehicle purchase. How much they offer you for your current vehicle depends on:
- Vehicles Mileage
- Interior & Exterior Condition
- Market Demand
- General Negotiation
Why "Trade-In"?
Trading-in an old car eliminates the hassle of selling your old vehicle yourself and it allows you to get a tax break on your trade-in. In addition, your trade-in can also help put money towards a new purchase.
Getting Your Vehicle "Trade-In" Ready
Follow along with these tips to get your vehicle "Trade-In" ready.
Clean the Interior & Exterior
When you bring in your vehicle to find out its resale value, it's important that you bring it in when it's looking its best. In this circumstance, first impressions are everything and if you give both the interior and exterior a deep clean, you will most likely get a better price for it.
Bring In All the Extras
Whether you have winter mats or a spare key to your vehicle, it's in your best interest to collect these items and bring them to your trade-in appointment. This is because not bringing in items like spare keys can negatively impact the value of the vehicle.
How We Can Help
Now that you know the basics of what it means to trade in your vehicle, it's time to work with Nexcar Auto Sales & Leasing to find a quality used car! In addition, if you are looking to pair a quality used car with an affordable auto loan, our team can also help you with that. Contact our team today at (416) 633-8188 for more information.