Get the most value out of your used vehicle

So you have your eyes set on a new car. But before you start financing, you most likely want to get rid of your current vehicle. Here are some tips that will help you maximize the value of your trade-in.

Do your research

Knowledge is power when it comes to your vehicle. If you’re considering a trade-in, thoroughly research the value of your car before consulting with an appraiser at the dealership. Knowing the market value of your used car can help you get more when negotiating a trade-in value. There are a variety of online resources that can provide the information you need, including Kelley Blue Book and Edmunds.com. Keep in mind, dealers rarely give you full KBB value because they need to factor in their resale costs and desired profit margin. If possible, consider selling to a private party to maximize the sale price.

Maximize the curb appeal

You know the importance of a good first impression – well, this also applies to your car. You want a prospective buyer’s initial reaction to be positive, so be sure to spruce up your vehicle. Edmunds.com highlights a few ways to maximize your car’s curb appeal.

Don’t limit yourself to one dealer

Visit multiple car lots before you tie yourself to one dealer. Take the time to research and request quotes from several dealerships, in addition to online appraisal values. This will give you an upper hand when you’re ready to negotiate a deal.

Are you ready for a vehicle upgrade? Visit our website to get more information on our Auto Loans and Pre-Approvals. Once you’ve set your budget for your monthly car payments, use our Auto Loan Calculator to crunch the numbers and see the total vehicle price you can afford.

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