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How to Trade In a Car

Excited Couple Reviewing Trade in Offer with Salesman

 

Are you planning on getting a different vehicle in Daphne and you don’t know what to do with your current one? Trade it in to a local trustworthy and transparent car dealer like Southern Chevrolet, Inc.! Save on your car purchase by selling your car without the headache of being a private seller. Find out how to trade in a car with our finance team below, including what you should do if you still owe money on your current vehicle!

Determine Your Trade-In Car Value

Before you do anything else, you need to know the estimated trade-in worth of your vehicle. Use our free, online tool to get the estimate in under a minute! With this estimate, you can be sure that the offer you accept is fair and that it is as close to the price of the car as market value. You can also use other tools, like the Kelley Blue Book® Value and Edmunds True Market Value®, to compare the estimates.

Get an Appraisal at a Car Dealer

The next step to how to trade in a car is to go to a dealership near Mobile and have your car appraised. The dealer will check your car’s condition before telling you how much they think your car is worth. You should bring your estimated trade-in value to compare. 

If the appraisal is much lower than the trade-in value, shop around different dealerships until you find one that gives you the highest amount! This way, you can cut down a good chunk of the purchase price of your next ride. 

Determine If You Want to Negotiate or Accept a Trade-In Offer

If the trade-in offer is fair, then you can close the deal. However, if you want to negotiate, feel free to because that is the beauty of trading in your vehicle whether you have positive equity or negative equity! If you have a remaining balance on a current car loan, you can also work with a dealership to figure out how you can pay it off or if you can add the balance to the future monthly payments of a new loan! 

Get Personal Finance Help From Southern Chevrolet, Inc.! 

Now that you know how the trading-in process works, feel free to pick on our finance team’s brain for other financial information, such as car insurance and auto loans for all types of credit scores! Contact us and we will be glad to assist you.

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Southern Chevrolet, Inc. 30.3784, -87.6831.