How to Trade in Your Car

Are you planning on upgrading your vehicle in the Ridgewood area? Then it’s time to learn how to trade in your car at Jaguar Paramus. While the auto shopping process may feel a little overwhelming at times, we’re here to break down every step of the process. So start browsing through our new and used inventories while you gather up your paperwork. We’ll get you behind the wheel of your dream car.

How To Trade In A Car Step by Step

Learning how to trade in a car is a three-step process:

1. Estimate: First, you’ll get a quick estimate of your car’s trade-in value based on factors like condition and mileage.
2. Appraisal: Next, you’ll go through an in-person appraisal process with an expert to determine the true value of your vehicle.
3. Negotiation: Finally, you negotiate the offer and accept the terms. Sign your paperwork, and you’re ready to drive off into Jersey City with your new vehicle!

Still have questions? Let’s break down each step even more.

Step 1: Get Your Trade-In Car’s Value

Did you know that you can get a trade-in estimate without leaving your Fort Lee home? Online options like Kelley Blue Book® or Edmunds True Market Value® will give you a quick figure, and you can even use the Value Your Trade tool at Jaguar Paramus! This estimate is based on the vehicle’s make, model, and year, as well as its current condition and maintenance history.

It’s never a bad idea to get multiple estimates, but you should know that Jaguar Paramus has partnered with KBB® in order to cross-reference your vehicle with a vast wealth of historical data.

Step 2: Get an Appraisal

You’ve got your estimate, now it’s time to crunch numbers during the in-person inspection. This appraisal will provide a more in-depth estimate of your car’s true value, which may be different than your online estimate. On occasion, the dealership may not be able to resell the trade-in vehicle, and of course, they’re under no obligation to make you an offer. The best way to increase your resale value is to stick to your maintenance schedule.

Step 3: Negotiate or Accept a Trade-In Offer

During the final stage, you’ll need to make some decisions. If you’re not satisfied with your in-person appraisal, turn to your research. Leverage your estimates and appraisals for higher offers, and see if you can get a better deal. Once you’re happy with your offer, you can put the money toward your next vehicle – and you might even leave with cash in hand! However, if you have an outstanding loan, you might need to talk with the finance department.

Find Out More with Jaguar Paramus

You’ve learned how to trade in a car like a pro, now get ready to find your next vehicle at Jaguar Paramus. Find out how financing a car works or contact us to get started!