How to Trade in a Car in Belleville
Is the time right to purchase a new Ford or used vehicle in the Waterloo area? If the answer is yes, you’re likely wondering how to make buying a car as affordable as possible. One way to offset the cost is to trade in your current vehicle. If you’re now asking yourself, "How do I trade-in my car?," we’ve got a step-by-step guide for you.
Know What Your Trade-In Car is Worth
The first step you’ll want to take is finding out how much your current vehicle is worth. This will be based on the vehicle age, condition, and mileage. You can use resources from reputable websites like Kelley Blue Book. You can use your dealership’s value your trade tool. It’s also helpful to see what comparable vehicles are selling for, so you’ll know what to expect from a price quote.
Now that you have an idea of what your trade-in car is worth, you’ll want to start gathering quotes. Most dealerships around Mascoutah will provide you with a quote upfront, and it’s a good idea to get multiple quotes to ensure you’re getting the most for your vehicle.
Once you’ve chosen the best quote, you still have room for negotiation. When you buy a new car, many dealership finance centers offer extra incentives like a price reduction or service benefits like free oil changes. You can also use the other quotes you received to ensure you’re getting the best deal from your local Belleville Ford dealership.
Can You Trade in a Financed Car?
Yes, you can trade in a car that you’re still paying off. First, you’ll need to find out how much you owe by contacting your lender. You’ll need the payoff balance, which is the remainder of your loan plus any interest or fees.
Then you should compare how much you owe to the trade-in value of your vehicle because you want the trade-in value to be as close as possible or more than what you owe. Finally, bring your car into the dealership for the trade.
If your value is more than what you owe, you’ll get a credit for the difference that you can apply to your new car. If it’s less than your payoff value, you’ll have to pay the difference, which can be rolled into your new loan.
Trade In Your Vehicle at Auffenberg Ford South Belleville
At Auffenberg Ford South Belleville, we offer fair, honest pricing for trade-in vehicles. We’ll help you value your trade and show you our new Ford models or used vehicles on our lot. Contact us to learn more about trade ins or how to finance a car.
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