You’re ready for a new car. However, before you can enjoy your new vehicle, you may sell your current car. Check out these tips on how to get the most out of trading in your car.
Conduct an Appraisal.
Before you decide to sell your car, it’s best to find out how much it’s worth. Have your car appraised before you take it to the dealership. Keep in mind that a vehicle’s value depreciates over time. Unless, your car is in “outstanding” condition, be aware that your car may not be worth very much. Stay realistic about how much your car is worth.
Get a Dealership Quote.
While an appraisal is a great start, a quote from a dealership can help give you a more detailed outline of your vehicle’s worth. They can further inspect the car to get a better idea of the car’s condition. Ask for a written appraisal and then ask around. You may be able to find a better deal at another dealership.
Be Prepared to Negotiate.
The better informed you are, the better able you are to get a better deal on your car. Use all your knowledge and research to negotiate a price with a buyer. Be smart about how you go about negotiating. Try going at the end of the month, when dealerships are offering more promotions which means that they may need more inventory. Try selling to the dealership where you’re looking to buy your new car. You’ll be better able to negotiate a deal if you’re selling your car where you’re buying a new one.
As you get ready to trade in your car, insure your new car with auto insurance. Contact Mike Leonard Insurance Agency in North Texas. We’ll work to get you the right coverage from our carriers Kemper, MetLife, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance so you can rest easy with great protection.