Trade-In Appraisal Tips
How to Get a Good Deal on your Trade-In:
If you're thinking of purchasing a new vehicle, chances are you'll need to sell your old one. By conducting a vehicle trade-in appraisal, the negotiated price can go towards the new purchase of a vehicle, allowing you to complete two deals at once. Although some aspects of your vehicle like the mileage and age are uncontrollable, there are ways you can enhance the value of your vehicle before completing a trade-in appraisal.
1. First Impressions Count:
Revealing your vehicle with dirt and grime doesn't give off a first great impression or establish trust that you've taken good care of it. A thorough wash - whether it's done professionally or by yourself - can help increase the value of your trade-in. Take pride in its appearance by polishing the body, tires, bumper and windows; be sure to clean often overlooked spots like door frames, wheel wells and trunk edges. Take a step further and finish off with a wax job that will help restore the exterior shine.
2. Refurbish the Interior:
Cleaning the inside of your vehicle is just as important as the outside; this will emit signs of care and commitment you have for your vehicle. Remove unwanted crumbs by vacuuming the floor mats and upholstery as well as eliminate dust with a microfiber cloth and spray. If you're not completely comfortable with detailing everything yourself, spending a little money may be worth your while to get rid of those tough stains.
3. Fix Minor Dents:
Having slight damages repaired before a trade-in appraisal can easily increase the value of your vehicle. Minor dents and dings can be restored by a paintless dent repair expert and scratches can be buffered out or even repainted. For more extensive damage, you may want to get a written estimate of the cost and use it as a part of your negotiation.
4. Fix Small Problems:
Small problems could affect your trade-in value because the dealer will have to fix them before re-selling your vehicle. Address things like broken light bulbs, windshield cracks or chips, a key fob battery, etc. by setting a small budget for repairs. This could easily translate into hundreds of dollars towards your trade-in worth.
5. Consider your Tires:
Checking your tires before your trade-in appraisal is a good idea. If your current tires have absolutely no tread remaining, buying an inexpensive set of tires will help towards your negotiation with the dealer. You should also be checking for any "curb rash" among your tires. This is a result when your wheel scrapes the edge of the curb, which should be an easy fix. Lastly, keep the appearance of your wheels looking fresh. Simply polish them to get rid of dust and dirt; the dealer will take notice in their upkeep.
6. Provide Any Service Paperwork:
Presenting your service records will instill trust and credibility to the dealer that you've taken good care of your vehicle. This will also ensure the dealer knows you've serviced the vehicle according to its correct maintenance schedule and kept it properly maintained. If you've completed your service at a dealership, the records should be in their computer system and can easily be printed out. Be sure to showcase any extended warranties during your appraisal; they may be transferable and add value.
There are always various reasons as to why a dealership offers a certain amount when conducting a trade-in appraisal. Following these six simple steps will better present your vehicle's appearance, working condition and may help you acquire a greater deal. Although you're getting a new vehicle in the end, it's best to set your vehicle ethics high by showcasing your trade-in in a new-like-state.