How To Get The Most Trade-in Value For Your Old Cars

How To Get The Most Trade-in Value For Your Old Cars

With the newest Acura modes and an extensive used inventory, Acura of Oakville is the preferred Acura dealership in Oakville, Ontario. We can serve customers in Mississauga, Milton, Burlington and the surrounding areas. If you are interested in finding your next vehicle, contact us today. You can complete an online finance application to start the buying process.

The trade-in value of your vehicle is the amount you can get for it at a dealership. Trading in a car at a dealership saves you the hassle of selling it on your own, and what you make from the trade can go toward the price of a new vehicle. As such, it is worth the effort to get as much money as possible for your used car.

What Determines the Value of your Vehicle?

various factors can affect how much money you get for your used vehicle. A key element is the model year of your car. Newer vehicles are usually worth more than older ones because they often have less wear and tear, contain more modern features and have more advanced safety measures. However, only a year old models usually have a lower trade-in value because they compete with the newest models.

The make and model of your car or truck is an essential aspect of any trade. Brands with good reputations see their vehicles depreciate more slowly, so those vehicles can usually fetch a higher return in a trade. A similar phenomenon occurs in models that are particularly well-regarded or popular. No matter the make or model, the fewer miles a vehicle has, the more value it has. Vehicles that earn their miles through a large amount of highway driving tend to be more appealing than cars with the same amount of city miles. However, this cannot be easy to verify.

How to Improve the Value of your Vehicle

You must take the time to research the average retail price for your vehicle. Prices can vary based on the market where you are selling. Recognizing a fair price for your car keeps you from mistaking a low offer for a fair deal. Another great way to get more for your vehicle is the simple measure of evaluating your tires. Having the right tires save the dealer the necessity of replacing them after they buy the car, and removing this expense can get you a better deal in the trade.

Contact Acura of Oakville Today!

Contact us today to schedule an appointment. We can answer your questions, help you schedule a test drive and discuss your financing and trade-in options.

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