Trade In Value Car

Trade-In Value FAQs

Don't let the mystery of trade-in values intimidate you. Check out the following FAQs to learn more about how we determine your car's value.

How is my vehicle's trade-in value calculated?

Determining the trade-in value of your used car involves assessing both the market and the condition of the vehicle. The dealership will consider the demand for your specific model in the San Joaquin Valley region, as well as how the car appears to potential buyers. 

Factors such as dents, signs of previous accidents, whether the check engine light is on, and any odors (like smoke) can significantly affect the trade-in value. 

If the dealership believes they can sell your vehicle quickly, they may offer a higher price. Conversely, if the car is expected to sell at auction for a low price, you might find it challenging to receive a better offer.

What factors affect my car's value?

Several key factors can significantly influence the estimate you receive from your local dealership, including:

• Make, model, and trim level
• Mileage
• Accident history
• Physical condition 
• Mechanical condition
• After-market features

Can I trade in a car I still owe money on?

You can confidently trade in a vehicle that is still under finance or even one that is leased. If you find yourself owing more than your car's trade-in value, don’t worry—you will just need to cover the difference. In many cases, we can creatively help you integrate the remaining balance into your new car loan, allowing you to enjoy the convenience of a single monthly payment. We encourage you to connect with the finance department at our dealership; they can provide valuable insights and options for successfully trading in your car with an outstanding loan. Embrace the opportunity for a seamless transition to your next vehicle!

What if my car is in poor condition?

Most vehicles typically have some salvage value, which means you may still be able to trade in your car even if it's in poor condition. Assess whether the issues with your car are mechanical or superficial, as this will help you understand how much its condition will affect the trade-in value. However, don't let a poor condition discourage you from considering a trade-in.

Can I trade in more than one vehicle?

Trading in more than one vehicle is possible and an excellent way to increase your funds for a down payment on a newer model. The dealership will evaluate each vehicle separately. It may also be beneficial to trade in one vehicle and sell the other privately for a larger price.

Do I need an appointment for a trade-in appraisal?

You can make an appointment for a trade-in appraisal, but it's not necessary. Trade-ins are often a consideration alongside the purchase of another vehicle, making them all part of a bigger transaction. If you are seeking trade-in information only, an appointment will ensure that the assessment is timely.

How can I estimate my car's trade-in value?

Estimating your vehicle's trade-in value is easy with online calculators that provide information for your year, make, and model of vehicle. Many calculators offer customization options to include features like rims and body condition. It is important to note that the local auto market and dealership may impact the accuracy of the estimate, but it should get you in the ballpark.

Is Kelley-Blue Book's trade-in value accurate?

The Kelley Blue Book is hit or miss when it comes to providing accurate estimates about trade-in values, but it is a good starting point. Ultimately, the dealership is the only place to get a 100% accurate trade-in value. Bring your vehicle to the dealership, or call and ask the dealership if they base their values on Kelley-Blue Book values. This will give you more insight into the trade-in process and give you an idea of what offers you should consider. Remember, trade-in values are below market values because the dealership must turn your vehicle for a profit. However, you should still get a fair price.

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