How to Maximize the Trade-In Value of Your Car | OK Carz

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Tips for Potentially Increasing the Value of Your Current Vehicle

Are you ready to get behind the wheel of a different vehicle? If you already own a car, chances are, you’re planning on trading it in to lower your payments on the next model. Of course, there are multiple factors that will determine just how much your car is worth, such as year, make, model, mileage, and condition. So, what can you do to ensure that you are receiving the best price for your vehicle? Here’s how you can maximize the trade-in value of your car.

[ READ MORE: When Should I Consider Buying a Different Vehicle? ]

Research Your Current Trade-In Value

First, you should get an idea on where your vehicle currently sits regarding value. Kelley Blue Book and Edmunds are popular tools to calculate current market prices for certain models at its current mileage and condition. These estimates will aid you in negotiating a deal as well as determine if certain repairs are worth the cost.

Blue toy car on top of one-hundred dollar bills

Detail and Repair Your Vehicle

An easy way to make your car look good is to make sure it looks as clean as possible. Give your car a good wash and vacuum the interior. Before you go to a dealer to receive a quote, you should also remove personal belongings.

You should also consider various repairs. Recall repairs should always be done before getting a quote from a dealer as these repairs are free and could lower your trade-in value if the dealership must do the work. Additionally, while you don’t need to give your vehicle a complete makeover, making it look as good as reasonably possible will help you increase your trade-in value. For instance, if your car is missing paint, get a quote on the cost of this repair. If the potential savings outweigh the cost, it makes sense to get it repaired. Even cheap repairs for scratches and small dents can potentially save you hundreds of dollars. Just remember to not invest too much into your trade-in as no used vehicle is perfect and you may accidentally overpay on repairs.

Are you looking for a reliable vehicle at a great price? Explore our current pre-owned vehicle inventory here at OKCarz. Interested in one of our models? Curious to know how much we will buy your car for? Contact us and we will provide the information you need.

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