When you are looking for a new car you are probably also looking to trade-in your old one. Check out a few tips below to help you get the best deal for trading-in your vehicle!
Do research – Before you go to a dealer, you should do some research online to see what your car is worth and how much money you can get for it. You will want to go into a meeting with a dealer with some background knowledge because that will help you decide if the dealer offer is a good one.
Separate the trade-in and new car purchase – This can put you at an advantage or it might not. The reason people often tell you to separate the purchase and the trade-in is the fact that you do not want any other factors affecting your trade-in. You want to get the best value for your car based purely on that car.
Don’t just accept the first dealer price – Remember, you are not obligated to accept the first offer that you get on your trade-in. You can try to negotiate that price or you can go to a different dealership and see if you can get a better offer.
Understand the perspective of the dealer – This step is equally as important as the last step. While you don’t necessarily want to accept the first offer you get, you have to understand the dealer has the experience to determine what the car is worth and if it will sell well