How to ensure a hassle-free trade-in
Tips to make your trade-in process go smoother
When times are tough, you might need to re-evaluate your options in terms of your car and how best to reduce your monthly expenses, in order to make ends meet. An option would be to look at trading-in your current vehicle and possibly purchasing a cheaper car.
We have some suggestions for you that will make the evaluation process a smoother one – and ensure you get a better trade-in deal.
First, establish the book value of your current vehicle so that you can have an idea of how much it is worth. Your nearest motus.cars dealer will be able to assist you with this. The criteria you will need to provide includes, car make, model, and engine type, your car’s service history, mileage, age, and colour.
Bear in mind that this will only be an approximate value as various factors will influence the final value, and these could include:
1. Mileage and Mechanical Upkeep
Mileage does matter. R25 000 km per annum is an acceptable mileage and regular maintenance is a must. Following your manufacturer’s recommended maintenance schedule and keeping maintenance records will assist in you being offered a higher trade-in value.
2. Vehicle Option Selections
When evaluating your car – the appraiser will take into consideration what options your vehicle boasts. Not all vehicle options have the same value. Generally, car owners prefer options that increase the safety, connectivity, and comfort of driving, over performance-based options and flashy accessories. Options like automatic transmission, power windows, power locks, anti-lock brakes, cruise control, remote start, leather interior, entertainment, navigation systems and sunroofs all add value to your car.
3. Interior Condition
Food spills, the smell of cigarette smoke and transporting pets are all factors that affect the wear and tear and smell of the interior of your car. People want to buy cars that have been taken care of properly. While buyers may overlook a spot here or a spot there – dirty upholstery, or a car that stinks of stale smoke and wet dog will most definitely have a negative impact on your trade-in value. Before trading in your vehicle, make an effort to restore the interior of your vehicle to appear as new as possible.
4. Exterior Condition
A ding or dent can influence what grading an appraiser will give your vehicle. Before trading in your vehicle, have it professionally washed and take care of all dings and dents, as well as any other exterior deficiencies which can diminish resale value. Also, remember to remove all bumper stickers.
5. Market Conditions
You can’t control everything when you sell your vehicle, the current market being one of them. This however is something that will influence trade-in value. If there is a high demand for your vehicle you are likely to fetch a better trade-in value, the opposite is of course also true.
When taking your car to be evaluated, be sure to take the following with you:
- Proof of ownership
- Notification of change of ownership
- Vehicle registration certificate
- Car maintenance history (service records) and receipts
- Extra sets of keys
- Any other accessories
- Codes or SD cards for navigation systems and sound systems