How Do Dealerships Value My Trade?

How Do Dealerships Value My Trade?


When you’re ready to make the change to a new vehicle, you may be wondering what you can get for your current one. How do dealerships value your trade, anyway? What makes some cars more desirable than others? Well, the team at Friendly Dodge Chrysler Jeep Ram (DCJR) is here to help explain some of these mysteries to you.

If you’re in the Penn Yan, Geneva, or Watkins Glen, New York, area, our dealership team is here to answer any questions you might have about how we value your trade. Read on for the answers to some frequently asked questions regarding trade-in value.


Dealership

What Are the Major Factors in Valuing My Trade?

There are many factors in determining your car’s trade-in value. Some things you can control. For example, when we value your trade, we look at things like the car’s condition. So, keeping your car in peak condition with regular service appointments can help increase its trade-in value.

However, there are factors you, unfortunately, can’t control—things like supply and demand. If people aren’t looking for your vehicle’s particular make and model, it doesn’t matter how good the condition is. You may not get the highest trade-in value. That being said, just because one dealership isn’t looking for your vehicle’s specific make and model doesn’t mean the next one isn’t!


Vehicle Inspection

What Does the Car Appraiser Look For?

Before we provide any sort of value, we’re going to have an appraiser look at your vehicle. They’ll assess your vehicle and make a list of things that need attention that may affect its trade-in value. They’ll look at. . .

  • Exterior: Our appraiser will go over the vehicle’s paint and panels, making sure there’s no chipping paint or dents.
  • Interior: The appraiser will look inside your vehicle for tears or stains in the upholstery that are more than standard wear and tear.
  • Technology: Our appraiser is going to press all the buttons in your dash to make sure things are working as intended: the radio, the air conditioning, the windshield wipers, etc.
  • Under the Hood: The appraiser is also going to check under the hood, making sure fluid levels are where they should be and the engine is running smoothly.
  • Documentation: The appraiser will run your VIN (vehicle identification number) and license plate through a vehicle history search for any accidents, so be prepared for that. In fact, you can even do this yourself ahead of time.

What Are Ways I Can Improve My Vehicle’s Trade-in Value?

What Are Ways I Can Improve My Vehicle’s Trade-in Value?

If you’re interested in ways to improve your vehicle’s trade-in value, the best thing you can do is take great care of your car—something you’re doubtless already doing! Be sure to stay up to date on your vehicle’s routine maintenance, like oil changes and brake inspections—and, if you can, get some service documentation.

And, remember, you’re not married to the first dealership you offer your trade-in vehicle. If you don’t like the offer, you can go to another dealership. It’s all up to you what you want out of the experience, so take your time and shop around.


Trade in Your Vehicle With Us

When you’re ready to trade in your current vehicle in the Penn Yan, Geneva, or Watkins Glen, NY, area, come visit us at Friendly DCJR. We’re excited to help you move to the next stage of your car-buying life, so come in for a test drive!


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