How To Trade In Your Car
How to trade in your car. If you are looking for a new car to replace your old one, you can conveniently apply the value of old car, to the cost of your new car - if the price is right. Let VideoJug help you get that right price.
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You will need
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Step 1:
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Fixer- Upper
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Spruce up the car. Wash it, clean it, empty out the trunk to make sure you're putting the car's best foot forward.
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Step 2:
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Your Worth
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Find the fair market value of your vehicle, in your particular area in the country. To find the fair market value, look for comparable prices in classified ads, online car sites and auto buying guides.
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Step 3:
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Bargain Basement
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The dealer will always offer you the absolute lowest price on the vehicle. Don't take it personally. The dealer needs to make a profit on your old car when they try to sell as a used vehicle, so they will pay you VERY little for it.
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Step 4:
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Avoid Too Good To Be True
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The dealer might offer you such a good price on your current vehicle, well about 'blue book,' that you think you're getting away with something. Beware of this because the dealer will roll the real price difference of your trade-in into the contract of your new car, recouping his costs.
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Step 5:
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Pay For One Car, Not Two
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Do not let a dealer assume payments of your existing loan balance. Make sure you handle these cars separately, paying off one fully before taking on new debt.
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Step 6:
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Run The Numbers
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Always double check your financing in the contract. Numbers, sometimes intentionally, sometimes not, can get jumbled in contracts. Be extra diligent at this moment, right before you sign on the bottom line.
