How Do Dealerships Value My Trade?

If you’re thinking about trading in your car near Franklin, Greenwood, and New Whiteland, Indiana, you probably want to know how dealerships calculate the value of your vehicle. Our team at Fletcher Chrysler Dodge Jeep Ram (CDJR) is here to explain, so you can trade in your car with confidence.

As you read ahead, feel free to contact us with any additional questions you may have about the trade-in process at our dealership.

Factors that Impact Your Trade-in Value

Dealerships use several different factors to calculate the value of your trade-in, including the vehicle’s age, mileage, overall condition, model popularity, seasonal timing, wear and tear, and maintenance and accident history. There are also several databases that input and analyze this information to calculate the trade-in value of each vehicle.

Estimate the Value of Your Trade-in Online

When you use the value your trade tool here on our website, you will instantly receive an estimated value for your vehicle. To use this handy feature, you will need some important information about your car, including its Vehicle Identification Number (VIN), as well as its color, mileage, and:

• Year
• Make
• Model
• Trim level

In addition to these factors, current market conditions will have also an impact on the offer you receive. Once you review the estimate, you can make an appointment or simply drop by our dealership where an associate will conduct an inspection, create an appraisal, and make you an offer on the spot.

Boost Your Trade-in Value

To boost the value of your trade-in, you can fix minor repairs like dents, chips, or windshield damage. Along with that, you can also schedule any maintenance the vehicle requires like an oil change, tire rotation, and wheel alignment. Remember to save and bring the receipts to show that the vehicle is up to date in service and in good working condition.

Making sure your vehicle looks good can make a better impression and increase your trade-in value. Start by removing your personal belongings. Then, wipe down all surfaces in the cabin, vacuum the carpets and seats, and wash the exterior.

Benefits of Trading in Your Car

When you trade in your car at our dealership, you can either get a cash offer or we can apply its value to the down payment on your new car. If you go the second route, we’ll handle the paperwork for you, including transferring the title and the bill of sale.

Another benefit of trading in your car is that the bigger a down payment you make, the lower your monthly auto loan payments will be because you won’t borrow as much up front.

Compare Your Monthly Payments

For your convenience, you can also use our payment calculator to estimate the monthly payments for the car you want to buy. Simply input the amount of your loan amount, down payment, trade-in value, term length, and interest rate and hit submit. This makes it easy to compare your options and narrow in on a vehicle within your desired price range.

Trade in Your Car at Our Dealership Today

Are you ready to trade in your car? If so, start by estimating the value of your trade-in with our value your trade tool. Then, contact us at Fletcher CDJR to schedule an appointment or drop by our dealership serving drivers throughout Franklin, Greenwood, and New Whiteland, IN.