Value Your Trade In Vehicle
Trading in your current vehicle is a great way to make your next model affordable. It simplifies the process and ensures you get a good return value on your automobile. If you’re in the Riverside area, Riverside Ford makes it easy to trade in your vehicle and find your next one. Below, we explain how the car trade-in process works and how you can get started.
What Determines Your Car’s Trade-in Value?
Factors Affecting Trade-in Prices
Knowing the elements determining your vehicle’s trade-in value can help maximize your return. For starters, there’s the vehicle itself. Vehicles that were sold for more when they were new will likely continue to have a higher resale value. For example, a luxury car that has a new MSRP of $50,000 will likely have a higher trade-in value than an entry-level model that’s listed for $18,000.
Besides the vehicle, there’s also the climate in which you’re trading it in. If there is a higher market demand for your type of automobile, you’ll likely get a higher trade-in return. Similarly, economic conditions can impact trade-in value. These factors are typically out of your control, but you may be able to alter when you trade in your vehicle to maximize its return value.
How Condition, Age, and Mileage Influence Value
In addition to the make and model of your vehicle, value can also be impacted by its condition. Those that are in better condition will naturally earn a higher trade-in value. The age and mileage also matter, with older vehicles having a lower trade-in value. Mileage is especially important, as more miles typically means more wear and tear. If you can keep your car in great shape by reducing the mileage and performing regular servicing, you’ll typically get more for it.
Why Trade Your Car at Riverside Ford?
When it’s time to move on from your current vehicle, trading it into Riverside Ford is an excellent choice for several reasons, including:
Financial Benefits: Reducing Loan Amounts on New Purchases
Many people look to move on from their current vehicle because they’re interested in getting another one. By trading your car into Riverside Ford, you can save a significant amount on your next vehicle purchase. We’ll apply the value of your trade-in directly to your next auto loan, reducing the amount that you need to borrow. Doing so will not only reduce your monthly payments but also save you a significant amount over the course of the loan.
Convenience: Streamlining the Upgrade Process
In addition to cost savings, trading in your vehicle is a simpler process. Without doing this, you’ll have to spend time finding a buyer for your automobile. This can take a considerable amount of time, including marketing it, finding an interested buyer, and negotiating a price. Rather than going through all this, our team will simply give you the amount of your vehicle’s value. We’ll then apply it to your next purchase, streamlining the upgrade process and saving you time.
Tips to Maximize Your Vehicle’s Trade-in Value
When it’s time to trade in your vehicle, there are a few things you can do to maximize its value.
Perform Minor Repairs
Start by performing any minor repairs that you can. These could include buffing out small scratches on the exterior, replacing a taillight, changing a bald tire, or replacing squeaky brake pads. Focus on aspects that are simple and affordable, as you don’t want to spend more on repairs than you’ll get in increased value.
Give Your Car a Thorough Clean
It’s also a good idea to give your vehicle a thorough clean before trading it in. First impressions are a big deal, and a clean car may generate a higher return value. Remove any junk you have in the interior, give it a vacuum, and then wash the outside. Taking the time to do this could make a big difference in your trade-in value.
Gather Important Documents
To complete the trade-in process, you’ll need the relevant documentation. This includes your vehicle’s title, your driver’s license, and proof of insurance. You’ll also want to make sure you have the keys for the vehicle, including spares. Gathering these items before the sale can help speed up the process when you meet with our finance center.
Trade at the Right Time
Finally, try to trade in your vehicle at the optimal time. For example, it’s often better to trade in a vehicle in the first half of the year, as this is when more people are looking to buy a car. If your vehicle is about to hit a major mileage or age milestone, you may also want to trade in before that happens. By timing your automobile trade-in, you can often get a higher value on it and significantly reduce the payments on your next vehicle.
Step-by-Step Guide to Trading in Your Car at Riverside Ford
To trade in your vehicle at Riverside Ford, follow these simple steps:
Initial Evaluation and Quote
First, use our online tool to get an initial evaluation of your vehicle. After answering some basic questions about it, such as its make, model, and mileage, we’ll provide you with a value quote. This can then assist you as you browse through our inventory of vehicles, as you’ll have a better idea of what you can afford.
Final Assessment and Offer Adjustment
Once you find an automobile that you like, bring your trade-in to our dealership. Our team will perform a final assessment of your current vehicle and ensure it matches the information you provided during the initial assessment. After our inspection, we’ll perform any offer adjustments as necessary and give you the final trade-in value of your vehicle. You can then proceed with your new purchase or lease, and we’ll apply the trade-in value against this.
Ready to Trade In? Start Your Journey With Riverside Ford Today
Here at Riverside Ford, we aim to make the trade-in process as quick and simple as possible. Get started today by using our online trade-in evaluation tool and payment calculator or by browsing our online inventory. Then, when you’re ready, contact us to schedule an appointment at our dealership. We look forward to sharing more of our trade-in benefits and helping you value your trade-in at Riverside Ford.