How Do Dealerships Value My Trade?


You and your car have had many memorable drives together around Willow Grove, Willow Manor, and Glenside, but it may be time to go out with the old and in with the new. If you’re looking to trade-in your car, then you may be asking yourself: How do dealerships value my trade?

That’s why Sussman Mazda is here to help. We’re going to give you the details of how dealerships value trade-ins, so you know what to expect.

Ready to learn more? Then keep on reading!


Trading Your Car In vs. Selling it

Before we dive into the process of appraising a vehicle, it’s important to understand what a vehicle trade-in is.

When it comes to moving on from your current vehicle to your next, you have two main options: selling your car and trading it in. Selling a car is a good option for those who don’t need another car—maybe they’re moving into a city with good public transit.

Trading in a vehicle, on the other hand, is the process of exchanging one vehicle for another. This option expedites the process because you can transition from one vehicle to the next in one simple transaction.

 


 Car Appraiser

What Does the Car Appraiser Look For?

There are a few distinct factors that appraisers look for when appraising your vehicle. Mileage, make, year, and condition all play a role in the overall value of your trade.

In general, a car appraiser may look at the functionality of your car and take it for a test drive. This is to ensure that your vehicle works and all its crucial parts are behaving normally.

At first glance, a car appraiser will look at:

  • The exterior of your car for any damage
  • The interior for any stains or weathering
  • The mechanics, braking, and handling

Overall, car appraisers check for any sort of damage and double-check that your trade-in drives well. If those boxes are ticked, then you can feel confident in your trade-in value.

Essentially, the better condition your vehicle is in, the more it’ll be worth, but don’t let the condition stop you from wanting to trade it in. No matter what year it is or how many dents it has, there is always a way to get it running smoothly for the next buyer.


Does the Appraiser Check Current Market Value?

When trading in your car, you may often see the current market value given to you when receiving quotes. This value encompasses the current resale value that your car has.

As the years pass, the value may shift depending on the demand and condition of your vehicle. Some appraisers do check the current market value, but that doesn’t always affect your value completely.

The car appraiser looks for many things, as previously mentioned. Vehicle condition, mileage, and current market value all play a role in your trade value.

Additionally, many factors can affect the current market value of your vehicle. These include:

  • Your geographic location
  • Demand for your vehicle
  • Certain trims or features of your vehicle

If you’re wondering what the current market value for your vehicle is, there is a wide range of resources to assist you online. You can also value your trade with us and receive a True Cash Offer™.

How Appraisers Check Market Value Based on Location & Culture

Where in the country you’re trying to trade in your current vehicle plays a large role in how much it’s worth.

It’s true that some brands and types of vehicles are more popular in specific regions of the United States than others. For example, pickup trucks were the most popular type of vehicle in the Midwest while sedans are most popular on the east coast, according to Insurify.com.

Based on this data, you’re likely to get more bang for your buck if you trade in your sedan or large car in Pennsylvania, for example, because of the demand.

What you’re trading is a big deal as well. According to Statista.com, crossover SUVs made up nearly 46% of the car market making it the most popular type of vehicle in the country by far in 2021. Since crossovers are in high demand, you’re likely to get more for your trade-in with this type of vehicle.


Increase Car Value

How to Improve Your Car’s Trade-In Value

There are many ways to improve the value of your trade, and a lot of them are simple tricks that you can do regularly. First, you can keep your car running smoothly by maintaining consistent service.

When you take care of your vehicle, you can ensure that It drives well for years to come.

Before you trade in your vehicle, you’ll want to do everything you can to maximize its value by taking care of any service and aesthetic needs your vehicle has.

Clean Out Your Car: First off, you need to remove any and all personal items from the vehicle before you trade it in. This includes garbage, charging cords, sunglasses, etc. Be sure to leave behind the owner’s manual and maintenance log in the glovebox for the next owner.

Address Mechanical Issues: Prior to bringing your vehicle into trade, you’ll want to get it caught up on service. Replace brakes, engine oil, etc. to reduce the cost of refurbishment after your vehicle is traded to the dealership.

Do Some Detailing: Appearance plays a large role in appraising vehicle value. Patch up any holes in the interior fabric and blemishes in the exterior paint. You’ll also want to have any severe bumps or dents popped out before your vehicle arrives at the dealership for the trade.

 

 


Value Your Trade Today

Drivers near Willow Grove, Willow Manor, and Glenside can value their trade at Sussman Mazda. Whether you utilize our online tools or stop by in person, we can provide value for your trade.

From there, make sure to browse through our Mazda inventory and find your next dream car.

Contact us to get started today!


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