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How do Dealerships Value My Trade?

If you’re a driver near Louisville and Elizabethtown, KY, or Clarksville, IN, interested in trading in your current set of wheels, you’re likely wondering how dealerships value your trade. To provide you with an understanding of how this process works, our team here at The Kia Store has put together the following information. Read on.

Trade-In and Trade-In Value

To begin, let’s go over two key terms: trade-in and trade-in value. See the table below to dive into the definitions for each.

Trade-In

The trade-in is the term given to the model that you plan to sell to a dealership. In return, you will receive credit toward the price of your next ride.

Trade-In Value

This is the amount of money that you can expect to receive for your trade-in.

Are you wondering what the trade-in value is for your model? There are several online pricing guides at your disposal that can make it easy for you to determine this. Some of these are listed below:

  • Edmunds
  • Kelley Blue Book
  • NerdWallet
  • Black Book

Take advantage of any of these to help put together a target range for potential offers.

How do Dealerships Value My Trade?

There are factors that come into play when dealerships calculate a model’s trade-in value. Here are a few:

  • Mileage
  • Maintenance history
  • Accident history

In addition to these factors, a dealership will also consider the cost of servicing the model to get it ready to be resold.

How to Get the Most for Your Trade-In

Throughout the period of time that your daily driver is in your possession, it’s always a good idea to make sure it receives the care and attention it requires when it comes to regular maintenance. For starters, this is vital to ensuring it provides you with a safe performance. It also helps it hold as much of its value as possible. Here are some of the tasks you’re going to want to have performed on a regular basis:

  • Tire rotations
  • Brake maintenance
  • Oil changes
  • Engine tune-ups

Additionally, do your best to keep the interior clean and in the best possible condition.

Car Shopping

We Offer One-on-One Assistance

If you were to make us a part of your car-buying process, you can look forward to enjoying a supportive experience, from start to finish. One of our experts will work closely with you to make sure you have detailed answers to any questions you might have along the way. On top of that, you can be confident that the offer you get from us will be fair and based on what your ride is worth.

Utilize Our Online Tools Today

We have placed useful resources at your disposal for you to use while you’re getting ready for your time with us. See these below:

Each of these is there to help you get a head start on the entire exciting process.

Let’s Get Started Today

You are now more familiar with how dealerships value your trade. Is it time to move on from the model you’re driving now to one that makes more sense with the way your everyday driving needs have evolved? If so, you’re welcome to pay us a visit here at The Kia Store, serving Louisville and Elizabethtown, Kentucky, and Clarksville, Indiana, and take advantage of our resources and personnel. Contact us today to schedule a good day and time to swing by and take a few test drives.

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