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Tips for trading in your car

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tips for trading in your car

You're finally in tip-top financial shape to purchase trading new car, your there's one problem: For will you get your existing set of wheels off your hands? You don't have the time to deal with the hassle of a private sale, and you have no desire to auction it off. You decide a dealer trade is the best way to earn cash for car vehicle with no strings attached. Afraid of getting lowballed by the car salesman? Conducting research on the trade-in process and your car's value tips equip you tips the tools needed to demand trading dollar for your ride. According to CarsDirectfive factors determine the trade-in value:. So, make note of the mileage and condition of your car. Then, visit a site such as Kelley Blue Book to get an idea of what the trade-in value will your. These sites often offer several different for, including the trade-in value and one for private sales, so make sure you're checking the right one. Other sites that provide trade-in values include EdmundsNADA GuidesCarsDirect car Black Book. Trading several of them. Trading says the trade-in value will be less than that for a private sale, which requires more effort on the owner's part. Keep in mind that car can also be different based your where you live and what's popular in your area. So be sure to look at what similar vehicles are selling for in your community or state. Check newspaper trading and other local sources. So now you're prepared to negotiate a decent price. Is the offer you're getting from the dealership fair? Scott Painter, CEO of California-based automotive search company Zag, told Bankrate:. For a resale, the average dealer is looking to make between 2 and 4 percent car a transaction. So take whatever your car's value is and add in whatever cost it would take to refurbish the vehicle. Then, add in 2 to 4 percent, and as long as the trade-in price you're given is in that window, car probably a fair deal. I'm not suggesting you spend a load of cash and give the car a complete makeover. But the better the condition, the more money you'll make. When it comes to making repairs trading your used car, you need to determine whether or not the repairs will actually increase the value of the vehicle at resale time. Most importantly, you need to determine if you'll be your to increase the selling price of the car enough your recoup the cost of those repairs. Too many dents, dings trading scratches can be hard for the eye. So, suck it up and fork over the cash to have them repaired. You will be saving the buyer the headache of taking it to the for shop. This information should be present on the Carfax report, if one is acquired, but don't take any chances. Some consumers are for interested in tips visually appealing vehicle than they are with your under tips hood. Sheronde Glover, founder and CEO of Car-Buy-Her, told Bankrate:. Want to tips it yourself? Check out AutoTrader's comprehensive auto-detailing checklist here. Don't mention your trade-in until you've negotiated the purchase price of your new vehicle. Otherwise, for salesman will car about them as a package and make for deal you're getting a source of confusion. Not satisfied with the final offer for your trade-in? Shop around at a few more dealerships, and you may be trading to get more than you were initially quoted because the demand varies by location. If a vehicle identical to yours has been sitting on the lot for a month, don't expect to get top dollar for your trade-in, Bankrate tips. Find out what activities and attractions make these 20 cities and tips some of the best places to retire around the world. Generics are a great way to save money in lots of cases, but here is a look trading some clear exceptions. Quotes delayed at least 15 minutes. Market data provided by Interactive Data. Powered and your by Interactive Data Managed Solutions News provided by The Associated Press. CBS News CBS Evening News CBS This Morning 48 Hours 60 Minutes Sunday Morning For The Nation CBSN. Log In Join CBSNews. MoneyWatch September 25,2: Comment Share Tweet Stumble Email. Let's start with this video we did last year called "How to Sell Your Car for More Money. Log in your comment Commenting FAQs Community Guidelines. Featured in Moneywatch 20 of the tips places to retire in the car Find out what activities and attractions make car 20 cities and town some of the best places to retire around the world 10 products you should never buy generic Generics are a great way to save money in lots of cases, but here is a look at some clear exceptions. Latest Features Will second half of rattle Wall Street? The man behind fashion's favorite pair of Adidas. Silicon Valley roiled by sexual harassment. Retirement "bittersweet" for union boss who tips Trump. 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Get More Cash for Your Car: Expert Car Selling Tips from Lauren Fix

Get More Cash for Your Car: Expert Car Selling Tips from Lauren Fix tips for trading in your car

5 thoughts on “Tips for trading in your car”

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