How to Get the Most Trade-in Value for Your Car
Purchasing a vehicle is a big investment — the down payment, your monthly payments, insurance, maintenance and repair costs. Whether you keep it for several years or plan to trade it sooner, you should protect your investment. Here are four factors that affect your vehicle’s trade-in value, and ways to boost your return when it’s time to sell.
Mechanical Maintenance & Mileage
Service your vehicle regularly. Keep a record of services and repairs and offer it when you trade in your car. Fewer miles make for a better trade-in value, so try and stay within 12,000 to 15,000 miles a year. For longer road trips, rent a car to help keep your vehicle’s mileage low. (NOTE: AAA Members save up to 20 percent on standard rentals. AAA.com/Hertz.)
Interior and Exterior Condition
Use a professional service to detail the interior once in a while, in addition to cleaning it on your own. Also, buy new floor mats before you sell. Wash and wax the exterior regularly, and take care of any small dings and dents to get the best trade-in value.
Popularity Increases Trade-In Value
Brands like Honda, Toyota, Subaru, and Hyundai rank high in the resale market and usually maintain about half their value in the first three years of ownership. Luxury vehicles like Mercedes, Audi, Infiniti, and Lexus fare best in terms of luxury brands. If the model you’re purchasing is popular as a new car, it is most likely attractive as a pre-owned vehicle, too.
Local Market Conditions
Before buying, think about resale in your local market. If you’re trying to sell a convertible in a cold climate, you’ll probably not get the best trade-in value for your used vehicle. Also, certain regions make AWD a must-have feature.
Want to trade in your current car? AAA Auto Buying can:
- Appraise and buy your current car. We’ll even pick it up!
- Find your next car and deliver it to you with all paperwork. No jumping dealership to dealership!
- Offer both new and used vehicles and have lots of top brands including Honda, Subaru, Toyota and much more.
- Protect your car with our extended warranties. Avoid costly repairs with our customized plans.
— Greg Pence, AAA Auto Buying Manager
Call 800-590-0145 to enjoy a hassle-free car buying experience!
Llámenos al 800-998-0574 para hablar de sus necesidades de compra de autos!
(Jan/Feb 2018 Go Magazine)