Trade-In Your Current Vehicle for a New Toyota

December 30th, 2014 by

MY12_PRC_ONE_PS_34FHow much do you know about using your current vehicle as a trade-in for a new one? It’s an easy process because the dealer will take care of all the details for you. Trading in your vehicle has several benefits in addition to helping you get a good price for your used car without all the hassles. For example, it will reduce the overall price of your new Toyota and lower the amount of sales tax you have to pay.

You can use the trade-in as part or all of your down payment and if the vehicle is in great shape, you may see a significant drop in the price of your new vehicle resulting in lower monthly payments.

How to Trade-In Your Current Vehicle

Trading in your vehicle for a new Toyota is easy. To get started, all you have to do is talk to your Toyota dealer in Miami and let him know that you want to use your current vehicle as a trade-in. He will then send it to the service department for a full inspection. After the inspections are over, the dealer will tell you how much he will allow you for your trade-in and then it’s up to you whether to accept it or not.

You can negotiate the price and possibly get a better deal than what is being offered but don’t expect the Toyota dealer to go up too much. In most cases, you won’t get the full value price for your trade-in because that would make it impossible for the dealer to resale it for a profit.

However, if you don’t need two vehicles and you don’t have the time or desire to go through the hassle of finding a buyer on your own, accepting the offer is a good alternative. Here at South Dade Toyota we’ll offer you a fair price based on the number of miles and the condition of your vehicle.

How to Increase the Value of Your Trade-In

The best way to ensure you get the best deal for your trade-in is to make sure it’s in the best shape possible. The way your vehicle looks and runs does play a major role in how much the dealer will offer you for it. There is no need to put a lot of money into it just to turn around and trade it in but there are a few simple and inexpensive things you can do to make a noticeable difference.

Get minor repairs done before visiting the dealership and take time to wash and clean the interior of your vehicle. Vacuum the carpet, seats and trunk, wipe down all the leather and be sure to clean the tires and wheels. It’s also a good idea to have good tires on the vehicle. They don’t have to be new but should still have enough tread to last for a few months.

Don’t forget to clean the air vents and other cracks and crevices that are hard to reach but that stand out when the rest of the interior is clean. If you don’t have the time to take care of all the details on your own, you can always take your vehicle to a professional auto detailer.

When you present a clean vehicle to the dealership with all of your past service receipts, it shows that you took good care of it. This will greatly increase its value and help you get the most out of your trade-in.

Posted in Car Buying