How Do Dealers Value My Trade?

Have your sights set on a stunning new vehicle and ready to hit the roads around New Holland, Lancaster, or Reading, PA? Well, first, you’ll probably need to say goodbye to the set of wheels sitting in your garage.

Luckily, there’s an easy solution. With a trade-in at your local dealership, not only can you get rid of your old vehicle, but you may also be able to put some of its value toward your next ride.

But how do dealers value your trade-in? Our team at New Holland Chrysler Dodge Jeep Ram (CDJR) provides all the answers below.

How Dealerships Value Your Trade-in

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Understanding how a dealership determines the value of your vehicle is actually quite simple. Even after you’ve driven your car for quite some time, it will still have value.

That value is measured by a number of factors. How many miles are on the vehicle and its current condition as well as its make, model, and production year are just a few ways dealers calculate the true market value of your vehicle.

Once a dealer knows the market value of your vehicle, they’ll be ready to make an offer for your trade-in. That offer may deviate a bit from the true market value of your car, depending on their stock of the same model and whether there’s any demand for that type of vehicle.

No matter what the dealer’s need, though, your trade-in will always be assessed on the vehicle’s value in comparison to the current market.

Valuing Your Own Trade-in

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There are also plenty of ways you can determine the trade-in value of your vehicle before you ever even visit a dealership. The majority of these methods allow you to do them from the comfort of your home.

When you start the trade-in process, you’ll quickly find that most dealerships offer online Value Your Trade tools to see how much your vehicle is worth in just a few quick steps. For example, our team offers the brilliant Kelley Blue Book^® Instant Trade Offer that can value your vehicle and help you get your new vehicle search started right away.

Along with the convenience of these trade-in resources, they’re also crucial for the trade-in process. Before you get started, you undoubtedly need to do research on your current vehicle and find out how much your local dealer may be able to put toward the payments on your next ride.

The Benefits of Trading

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With the ease of a dealership trade-in comes a slew of additional benefits. You’ll quickly find a trade-in is the quickest and most convenient way to create a smooth transition in between vehicles.

One additional benefit of a trade-in actually comes from its market value and the dealership’s need. If they’re looking for your specific model, then you may see some fluctuation in its trade-in value.

Working with a dealership provides a certain level of confidence and peace of mind you won’t find with a private sale. Plus, with most dealerships, you’ll likely be able to put some of that trade-in value toward your next ride, resulting in a potential decrease in your monthly payments.

Get Your Trade-in Started With Us

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