Things to Consider Before Trading A Car

If you are looking to get rid of your current vehicle, there are several options that you can consider. You can start by putting a “for sale” sign in the window of the vehicle and pray that it will catch the attention of passersby. You can also enlist the car in automotive classifieds or even on Craigslist then wait for calls or emails from potential buyers.

The easiest option is trading in. Trading in is safe and fairly common these days. Many people prefer this because the process is quick. For this, you need to bargain with a dealer and use the proceeds to buy a new one.  If you want to consider trading your car, there are things that you need to consider to make an informed decision. Here are some things to consider before trading a car:

Trading A Car

Know what is hard to sell
In the case of trading your car, keep in mind that the aftermarket parts on a vehicle like a body kit or other performance parts will make selling difficult for a dealership. A dealer does not pay extra for the performance parts unless they were installed from aftermarket companies.

Understand trade evaluation
There are trade evaluation sites that can give you an idea of the prices but you have to remember that the values or data compiled are from months earlier. This means that the values might be higher or lower than the actual market values. If you understand this, you can manage your expectations.

Learn how vehicles are appraised
It is important that you learn how the vehicles are appraised so you will know the value prior to the transaction. There are four categories of prices that you should be familiar with when it comes to the appraisal of your vehicle. The four categories of prices include:
• Excellent condition price: this refers to the price given to the vehicle if it has near to

100% tread left, blemish-free, full-service records and mechanically flawless.
• Good/average condition price: this refers to the price given to the vehicle if it has near to 75% tread left, light scratches that do not need bodywork, all service records and is mechanically sound.
• Below average condition price: this refers to the price given to the vehicle if it has near 50% tread left, minor body repair, some service record and needing minor mechanical maintenance.
• Rough condition price: this refers to the price given to the vehicles that need new tires, cosmetic repair, and mechanical fix. It also means that professionals are needed for rust repair and has little to no service records.

Be realistic
When it comes to cars for sale in chicago, it is crucial that you are realistic. If you have a number in mind, tell the dealership right away. However, you should be ready if things will not go your way. It does not mean that they will not be reasonable. With this, you have to talk to the salesperson and break down how much you think the salesman can deal with your car.

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