Let's Talk CARS

Our car experts weigh in on financing, maintenance, and everything in between!

 

All Posts

4 Tips for Getting the Highest Value for Your Trade-in

The Trade 

Dealers are constantly searching for good used vehicles to have on the lot, so it’s a win-win when you bring in your vehicle to trade in at the time of purchasing your next vehicle. Make sure you get the most for your trade-in by following the tips below:

  1. Research the average value of your trade-in. You can use sites like Kelly Blue Book and Edmunds to assess the average purchase price for your vehicle. The price may fluctuate depending on the condition of your car.
  2. Up the presentation! Getting your car detailed and doing small things to make the car look more presentable will help you negotiate a higher price for your trade-in. Doing simple things like documenting regular oil changes and maintenance of your vehicle will also help up the ante when they are assessing your car's value.
  3. Get multiple quotes. It doesn’t hurt to shop your trade-in around before settling. Get a few dealerships in town to quote your vehicle in writing before signing your contract.
  4. Negotiate. It is important to negotiate your trade-in separately. Some dealers will use what they call a four-square sheet which will allow them to show a monthly price quote and hide the value paid for the trade-in while hiking up the price of the new vehicle. Avoid this by setting clear terms and checking that your trade-in value is written up in the contract.

Buying a vehicle can - and should! - be an exciting experience, and having a trade-in can help bring down the overall cost of driving off the lot. Be sure to follow these steps and do your research in order to get the most bang for your buck!

Collierville Auto Car Experts
Collierville Auto Car Experts
At Collierille Auto, we are true car experts with decades of knowledge and experience. Let us guide you through the ins and outs of the car buying journey. Your ride is waiting, and we're here to help you find it!

Related Posts

Safe Driving Series: Railroad Safety

A quick Google search of Memphis railroad fatalities yields tragic and startling results - far too many are killed or seriously injured in train-car collisions each year. These tragedies are easily avoided, however, by following some very basic train safety rules. According to the National Safety Council, you are 40 times more likely to be killed in an accident with a train than with another automobile. Remember that trains do not always follow set schedules, so when approaching a track, always expect a train to be nearby. It isn’t safe to stop closer than 15 feet, so be mindful of the lined barriers in front of the tracks! Here are a few other tips to help you and your loved ones stay safe on roads near tracks:

The Ways of Waze

The Waze app is the largest community-based GPS app. Their tagline is “Outsmarting Traffic. Together.” The app is available on iPhone and Android devices and functions like one big carpool!

Safe Driving Series: One of the most important tools to use while driving – Your Eyes

It is no secret that one of the most important things when it comes to automobile safety is clear vision. But, you may be surprised to learn that every state has different standards when it comes to licensure. In Tennessee, for example, original applicants (not renewal) must pass a vision test and have a visual acuity of 20/40 or better. If you do not have good vision you are required to see your optometrist and get corrective lenses and return with a note. You will then be issued a restricted license that requires you to wear your lenses while driving or receive a ticket.