How to Trade in a Car
Wondering how to trade in your car? You’re not alone. Selling a car yourself can often be time-consuming and difficult to navigate, which is why the finance experts at Mercedes-Benz of Escondido are here to walk you through the process. Regardless of whether or not you currently drive a Mercedes-Benz, Mercedes-Benz of Escondido buys all sorts of makes and models to add to our used car inventory. Ready to learn more about how to trade in a car? Let’s get started.
What Should I Do First?
There are a few important first steps to take when you plan to trade in your car. Once you’ve decided on upgrading your San Diego ride, here’s what you’ll want to do regarding the vehicle you wish to sell:
- Estimate your car’s trade-in value
- Visit a dealership for an in-person appraisal before selling
- Negotiate and accept the trade-in offer
After these steps, you’ll sign over any remaining paperwork attached to your car. Then, you can find the new Mercedes-Benz or used vehicle you wish to drive home to Escondido.Now that you know the three most important steps, let’s break them down below.
Step 1: Get Your Car’s Trade-in Value
Before getting a formal appraisal, it’s typically best to shop around and get a few estimates. This way, you know you’re being offered a fair price for your vehicle. Luckily, Mercedes-Benz of Escondido makes things especially easy for you. You can value your trade online so you’re ready for an appraisal as soon as you visit our dealership.Your car’s trade-in value estimate will be based on areas like make, model, year, and current condition, so it’s best to be upfront and honest while filling out the form so that the appraisal is seamless. Additionally, do some research before the appraisal — it’s useful to see what similar used cars have sold for.
Step 2: Get an Appraisal
Next comes the in-person appraisal. An expert will take a close look at your car in person to ensure that the estimated trade-in value makes sense for your vehicle. As mentioned before, it’s best to be honest when valuing your trade online, as this can minimize variation between estimated trade-in value and actual trade-in value.It’s also important to note that keeping up with regularly scheduled maintenance is important here — if your car is in too poor of quality, buyers may choose to pass it up. It’s important that it’s in good enough condition that another owner could safely drive your car.
Step 3: Negotiate and Accept Trade-in Offer
The last step is finalizing the deal. If you don’t feel the in-person appraisal was fair, here’s your chance to negotiate. You’ll want to be reasonable and base negotiations on the actual condition of your car, but this is your chance to work with the buyer.It’s also important to note that some car buyers won’t let you trade in your vehicle if you have an outstanding loan. Have questions about how to trade in a financed car? Our finance team can walk you through the process — just contact us at your convenience! Should you get an offer and choose to accept it, you can put this money toward your next vehicle at the dealership.
Learn More About How to Trade in a Car at Mercedes-Benz of Escondido
Still have questions about how to trade in your car? Don’t hesitate to get in touch with us! Our finance experts are standing by to help you out, whether that’s by talking over getting a lease vs. buying, how to improve credit or what credit score is needed to finance a car. And if you’re ready to shop for your next ride, visit us near San Marcos today!