May 17, 2022
How To Trade In My Car In Today’s Used-Car Market
The used-car market is on fire! According to Edmunds.com, the average used car now sells for $19,000 – a record high. So if you’re looking to trade-in your car, you’re in luck. But with so many buyers out there, you need to make sure your car is priced competitively and is in good condition. This blog post will discuss how to trade-in your car in today’s scorching used-car market.
The car market is far more competitive than ever, but when you are equipped with the correct information, you have a good chance of landing the best deal possible out there. It’s all about understanding the process and being prepared. In order to get the best deal, you need to know what kind of cars are out there and what features they offer. Do your research online and read up.
So, keep in mind the following tips before you set out to trade in your car independently or through a trusted dealership like The Key Online – OKC, serving Oklahoma City.
Good homework goes a long way, and it is not any different when trading in your car. Beginning with research through some direct and secondhand sources, you should be able to establish an idea of the possible price range for your vehicle.
For example, if you own a 2016 Chevrolet Equinox, your price range could be between $9,000-$11,500, depending on its condition. Apart from determining the price range, ensure that you have kept all the documents ready to avoid any last-minute hassles.
Be Aware of the Competition
The market is highly competitive. Therefore, when you bring out your car for a trade-in, remember to highlight its best features and what makes your car seem different than others.
No two cars are essentially the same, and it all depends on how much care and love you have given them over time. Highlight all the perks to your potential buyers which may add value to your vehicle. Furthermore, don’t forget to get your car for a tune-up to resolve any minor defects that might endanger your deal.
Hone Your Negotiating Skills
The value of your car is not set in stone, which means that with good negotiating skills, you could get the most money out of your trade-in deal. You can also follow this approach where sellers usually get multiple quotes and offer to negotiate better with the dealer. Do not rush in and take your time as you make the final decision.
With these simple tips, you should be able to get the maximum value for your vehicle. However, if you think that trading in your car yourself is somewhat hectic of a process, you can avail the service of a highly recommended dealership like The Key Online serving Oklahoma City, OK, where our experts are available to assist you. Get pre-approved for a new car!