Getting the best value for your trade-in
Trading in your used car at a buy here pay here dealership is often the easiest way to reduce the price of your used car loan. With CarLoanUnlimited.com, our Orlando/Longwood and New Smyrna Beach locations give the fairest prices we can on any trade-in. We not only provide our customers with the best no credit check out loans for used cars but the knowledge necessary to understand what goes into determining the value of a trade-in. Here are some tips for determining your car’s trade-in value.
Research market value
Learning the value of your used vehicle is surprisingly simple if you know where to look. There are many sites you can visit to determine vehicle worth based on year, make, model, condition, and multiple of other factors used to determine the most accurate price range you can expect in your trade-in. Despite the many options out there for gauging this, we recommend Edmunds True Market Value and Kelley Blue Book Value (KBB).
Both sites come with their advantages: KBB is one of the most widely recognized names in estimating a car’s worth, but ETMV can give you the average price-range the car is sold at in dealerships, which adds a level of transparency about the overall value. We recommend using both sites to ensure the estimated trade-in closely resemble one another.
For most, this information alone would suffice. But for people looking to get the best deal on their EZ car loans or short-term loan, there are ways of digging even deeper for more information on a car’s trade-in value.
Looking Into Local Value
Although KBB and ETMV are fantastic tools to gauge trade-in value, they are just a starting point. It’s important to remember that these prices are based on a national average, and are subject to numerous variables of market fluctuations, even on a day-to-day basis. For those serious about learning just how much they can get for their used vehicle trade-in, examining your local market is key.
Local market values that are the most relevant data for accurately determining your car’s trade-in value. In fact, there is a simple way to assess this through CarLoanUnlimited.com Orlando. If we have a similar car to the year, make, and model to the one you are trading in, follow these two simple steps:
- Subtract $2500 from the listed value
- Compare that price to either the KBB or ETMV estimation, and go with the better value
With knowledge of the best practices in determining your vehicle’s worth, we’d welcome you visit CarLoanUnlimited.com’s Orlando/Longwood and New Smyrna Beach locations. View our many vehicle models to choose from, including some of the most flexible financing options available. Everything from EZ Car loans to no credit check car loans, we’ve got you covered so you can drive today with your new car!
