Getting ready to purchase a new vehicle is a very exciting experience, but it can be overwhelming when you start to think about all of the options you have, and also when you think about how you are going to ensure you get top dollar for the current vehicle that you are looking to trade in.
You have the option to sell your vehicle yourself or you can negotiate a deal with a dealership. If you want the most money you can get, you might consider attempting to sell your vehicle yourself, but this can be very time-consuming, as you may have to show your vehicle a number of times to people in the Unionville or GTA area before finally making a sale. If you are looking to sell your vehicle for top dollar in hopes of securing a good deal on a used luxury car, let’s take a look at some tried and true ways of properly trading in your car:
Research Your Car’s Trade-In Value
Before you head to a dealership and have them make you an offer on your trade in, do some research of your own, this way you will know whether or not you are being given a fair offer or if you should be negotiating for something more. There are some great online tools you can use such as Edmunds.com. You simply research your vehicle’s trade-in market value and you can take that information to the dealership with you. Be honest with yourself and the dealership about the condition your vehicle is in. You might want the appraisal price of an excellent condition vehicle but don’t neglect to consider those dents on the exterior and the interior wear that is present.
Obtain A Dealership Quote
Find a reputable dealership here in Markham, like Village Luxury Cars that will give you an honest quote on your vehicle’s value. Give yourself and the professionals at the shop enough time to get a good look at your vehicle; you can also present your personal research and see what they have to say. You can attempt to negotiate this amount or you can walk away and consider what you have been given – you usually will have approximately seven days or so before the offer expires. Don’t forget, if you owe money on your vehicle you will have to subtract that difference from your trade in amount.
While you can do as much research as you want prior to obtaining an offer on your trade-in vehicle, there are a number of factors that will go into the amount of money that a dealership is willing to give you. Their amount is not only based off of the quality and value of your vehicle but also what their current stock of a used luxury car is and how likely they are to sell what you are handing over to them. Be realistic and come prepared so you can make the best deal possible.