Tips to Boost Your Car's Trade-In Value
Get Top Dollar for Your Trade in North Hollywood CA
Here at Ocean Honda of North Hollywood, we know how important getting top dollar is for your trade when purchasing a new Honda or new-to-you vehicle. Get the most for your ride with the following trade-in tips.
Provide Service Documentation
The more documentation you can offer, the better. “Any and all fluid changes, tire rotations, paint or body repairs, engine repairs and service and any other related maintenance documentation is important to have because it demonstrates to a dealer the care the vehicle has received during the time you owned it,” says AutoTrader. All this information should be present on the Carfax report, but it can also be obtained from the shop you used.
Improve Your Car’s Curb Appeal
The better condition your car is in, the more it will be worth. "A professional detailing job is always worth the money," says Richard Homan, senior vehicle evaluation editor at KBB.com. "If you don't want to spend the money for a professional job, be sure that you at least wash and wax your car and change the oil."
Check Your Tires
Tires that are worn, have curb rash, or are out of alignment may lower your car’s trade-in value. Properly maintain your tires with regular tire rotations and alignment checks. If your tires are beyond repair, feel free to pick up some cheap tires before trading in your vehicle.
Don't Forget About the Body Work
Obvious dents, dings, and scratches can really damage your car’s trade-in value. We recommend that you have those scratches and dings professionally removed. "Dent removal experts can be very affordable -- often charging only $100 to remove several dings. You will be saving the buyer the headache of taking it to the body shop," said Dan Ingle of Kelley Blue Book. “For a major dent where a panel needs to be repaired, it makes even better financial sense to fix it."
Bring the Maintenance up to Speed
You don’t need to give your vehicle a complete makeover, but the better condition of your vehicle the more money you’ll make. AutoTrader notes that when it comes to making repairs to your used car, you need to determine whether or not the repairs will actually increase the value of the vehicle at resale time. Most importantly, you need to determine if you'll be able to increase the selling price of the car enough to recoup the cost of those repairs.
Use a Range Trade-In Value Estimator
We recommend using a range-based trade-in estimator, like our Trade Appraisal Tool, to give you the best approximation of your car’s value. This estimator takes into account several factors, including condition, location, and desirability of your car.
Get Your Trade-In Value Today
Following the above tips will significantly increase your odds of getting top dollar for your trade at Ocean Honda of North Hollywood. Have questions about your trade-in? Give us a call at (888) 282-4550 or stop by at 5841 Lankershim Blvd. in North Hollywood CA.Source: CBSNews.com