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How to get the best price for your trade-in?

You’re ready to turn in that old clunker for a brand new ride, but how do you get the most value for your trade-in? Believe it or not, there are a few easy things that drivers can do to increase the value of their current vehicle and actually get more for their trade to put toward the purchase of their next car.

Follow the tips provided by Fred Beans Auto Loans below, and you’ll be well on your way to getting the best price for your trade-in in Philadelphia, Quakertown, Doylestown and the surrounding areas.

1. Bring It Up-to-Date on Service

One of the first things you can do to make sure that your vehicle retains its value is to keep up-to-date with manufacturer-recommended maintenance. However, there may be a chance that you missed a service interval here or there. Do your best to make sure that the car is up-to-date on all recommended service.

(NOTE: Completing inspections and routine maintenance may uncover damage or needed repairs. Refer to Step 4 in this list for how to proceed.)

2. Collect the Proper Paperwork

If you did manage to stay completely up-to-date on all required maintenance over the years, it’s a good idea to have the paperwork to prove it. It’s understandable if you didn’t keep every single service record, but you can possibly recover them by calling the service center that completed the work. More often than not, they’ll have a record in your file that they can give you.

You should also bring with you any paperwork on repairs or other replacements. While all of this information should be included in the vehicle’s history report, it doesn’t hurt to have a backup.

3. Give It a Good Cleaning

Although your trade-in will be carefully inspected by trained automotive technicians, they’re still human. When appraising a vehicle, the visual part of the inspection could potentially increase or decrease the value of the car. So it’s recommended that you clean out any trash or debris and have the car detailed.

Detailing services are relatively inexpensive and a thorough wash of the interior and exterior could help you get the best price for your trade-in.

4. Conduct a Cost Benefit Analysis

While you’re getting caught up on maintenance and having the car cleaned, you have to be mindful of how much you’re investing. It’s important to make sure that any repairs or service you have performed increase the value of the car enough to cover the cost of repair, at the very least.

For instance, you might be tempted to put all new tires on your car, but they’ll likely only increase the value slightly—hardly enough to pay for the cost of the new tires. If you’re unsure, talk to your technician or use a car value calculator tool like Kelley Blue Book®.

For more information about how to get the best price for your trade-in in Philadelphia, Quakertown and Doylestown, contact us at Fred Beans Auto Loans. We have years of experience helping drivers get behind the wheel of a new car and acquire affordable auto financing.