How Do Dealerships Value My Trade?

How Do Dealerships Value My Trade?

In simplest terms, a dealership values your trade based on its wholesale auction value. They determine this number by evaluating local market data, your vehicle’s overall age/condition, and its popularity.

At Faulkner Volkswagen, we make the process of trading in your used vehicle both simple and financially smart. As a friendly neighbor in the Mechanicsburg, Camp Hill, and Harrisburg, PA, region, we’re committed to helping you secure the most accurate trade-in price to put towards your next ride.

Do you want to discover more? Check out this handy guide before contacting us today!

Trade-In Value Guide

How Do Dealerships Value My Trade?We know how much you personally value your current car, truck, or SUV. In fact, it’s most likely one of the biggest pieces of property you own. That’s why our finance center goes the extra mile to lock in a trade-in estimate that’s as fair and as accurate as possible.

It’s an endeavor that takes experience along with the best research tools. When the time comes to appraise your ride, our specialists will evaluate recent vehicle transactions from throughout the region to nail down its fair-market value or FMV. This is why a popular model that’s only a few years old will often receive a higher value than an older vehicle with less demand.

We also consider several other factors, including:

  • Age/mileage
  • Service history
  • Accident history
  • Open recall notifications
  • Modifications or after-market upgrades

How Do I Receive My Trade-In Price?

Are you hoping to do a bit of research before visiting our showroom? Great idea! You can start by entering your vehicle’s information into our Value Your Trade tool. Powered by TradePending API, you can receive an initial estimate in seconds.

Enter the year, make, and model trim. Next, provide us with your preferred contact information, so we can send you a personalized market report. This easy-to-follow report covers the following:

  • Local supply – The number of similar vehicles currently being sold in your area
  • Local market demand – The current popularity of your used car, truck, or SUV
  • Estimated value – The expected price range before the official inspection

Three Ways to Maximize Your Trade-In Value

How Do Dealerships Value My Trade?Having a high trade-in offer can make a big difference when the time comes to apply for financing. When you’re able to roll the equity of your current vehicle into your next one, banks and lenders often feel more confident providing more attractive rates.

To put yourself and your used car, truck, or SUV in the best possible light, take the following advice into consideration:

  • Get an inspection

To avoid being blindsided, we recommend scheduling an inspection at our service center. Our techs can quickly identify any serious mechanical issues, while supplying a proper tune-up.

  • Give it a polish

A carpet shampoo and a vacuum can work wonders on your vehicle’s interior. It’s also a smart idea to buff out any tiny nicks or scratches along the side panels and the bumper.

  • Shop around

Kelley Blue Book® and Edmunds provide accurate third-party information about your future trade. This will help give you greater peace of mind.

Value Your Trade

The first step towards hitting the streets of Mechanicsburg, Camp Hill, and Harrisburg, PA, inside a new VW is to secure a fair trade-in offer.

If you’re ready to make a move, visit Faulkner Volkswagen or contact us online today!





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