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How Trim Level & Options Affect Trade In Value

What Is My Car Worth?

When you go to trade your car at a dealership, some of the more obvious things to consider is the condition of the vehicle, trim level and options of your car. The dealer looks at its resale value which is driven by factors such as how popular the model is, how much demand there is for that model and what the going rate is for similar models.

How does the condition of the vehicle affect trade in value?

Mechanical and cosmetic conditions are the two biggest factors that affect a car's value. If your car is in good mechanical condition, it means that it doesn't have any major problems and is safe to drive. A car in good cosmetic condition will have a clean interior and exterior with no major dents, scratches or rust.

Cars that need mechanical work means the dealer will likely have to spend money fixing it before they can sell it, so they'll give you a lower trade-in value. Likewise, if your car has cosmetic damage, the dealer will want to repair it or discount the price to sell it as-is.

How does mileage of the vehicle affect its trade in value?

According to an article on KBB

The United States Department of Transportation Federal Highway Administration said that the average person drove 14,263 miles per year in 2019. That's roughly 1,200 miles per month per driver or about 39 miles per day. By comparison, the DOT said the average annual miles was 13,476 in 2018.

If your car has more than that, it may have a lower trade-in value because it has been driven more than average. A car with low mileage is typically worth more than a car with high mileage. The reason for this is that cars with low mileage are less likely to have mechanical problems.

What are trim levels for a car?

The trim level of your vehicle can play a role in trade-in value because it indicates what features are included. For example, a lower trim level may not have certain features like power windows and locks, while a higher trim level will have all the bells and whistles. When it comes to options, things like a sunroof or navigation system can add value to your car.

The base model is usually the cheapest because it has the least amount of features. As you move up in trim levels, the price of the vehicle will increase because there are more features included. The most expensive trim level is typically the luxury model or the performance model.

How do options affect the trade in value of a car?

Options can add both practicality and luxury to a vehicle, making it more desirable and, as a result, increasing its resale value. Luxury models will have features like heated seats, leather upholstery and a premium sound system. Performance models will have a more powerful engine and better handling.

Options that come standard on a particular trim level will usually have less of an effect on resale value than options that are available as upgrades. This is because cars that come with certain options already included are more common, so there is less demand for them.

How does demand affect the trade in value of a car?

The demand for a certain model can play a role in its trade-in value. If there is high demand for a certain model, the trade-in value will be higher because dealerships know they can sell it quickly. On the other hand, if there is low demand for a certain model, the trade-in value will be lower because it will take the dealership longer to sell.

What is your car worth?

Trade in value can depend on a number of factors such as condition, mileage, trim level, options and demand. Dealers rely on these factors as well as industry specific resources to establish what they're willing to give you for.

Is it time to trade in your vehicle?

We would love to give you a great offer for your old car. We are always looking for new inventory. Selling a car can be a hassle, so we take care of all the paperwork for you. You won't have to worry about haggling with buyers or setting up appointments for test drives.

Contact us today to learn more about the process.

Did It Slip Your Mind

The Importance of Maintaining Your Car

Regular oil and filter changes are a crucial part of protecting your vehicle from many issues down the road. Not only do these services protect the components within your engine, but they can also be cost-effective in avoiding expensive repair bills due to negligence.

Benefits of Regular Oil & Filter Changes

Oil plays a crucial role in keeping all components of the engine in working order, yet sometimes dirt and debris can get mixed in, creating sludge that can build up and clog the system over time. This can lead to decreased performance, misfires, and even more serious issues down the road if left unchecked.

By regularly replacing oil and filters you help keep your engine from becoming bogged down by dirt or other particles, minimizing chances of major malfunctions later on in its life span. Properly maintaining oil levels helps ensure tensions between components remain at bay since they all have a constant source of lubrication needed to function properly without worrying about excessive friction leading to seizures or other potentially catastrophic events.

What You Should Do

The optimal mileage for an oil change is typically between 3,000 and 5,000 miles however this may vary depending on the type of car and oil being used as well as environmental conditions like climate or terrain being driven on regularly with the vehicle. Checking manufacturer recommendations found in your owner’s manual is important for further clarity regarding when it is best to change out a car’s engine oils and air filters.

Are you feeling overwhelmed by all the car maintenance you have to do? Are you worried about the cost of taking care of your car? Don't worry! You’re at the right place. We can find the right car with the right price Contact us now for any questions you may have

 

Why Should You Buy A Used Car From A Dealer

Why Should You Buy A Used Car From A Dealer?

The car market has been full of ups and downs in recent months not to mention the tough economic times we are all facing. But despite this, everyone at some point will need to buy a car to replace their current one.

Used Car Dealers Vs. Classifieds

Buying a used car from a classified site has some pros and cons. On the surface it meets your budget but there will be uncertainty about the quality of what’s under the hood. Even if you've had good experiences in the past, it's hard to know for sure what you're getting.When you buy from a used car dealer, they have to be licensed by their state and typically vehicles will have been through a mechanical inspection of some sort.


1.  Condition – It's in their best interest to purchase cars that are in good condition to sell to you.

2.  History Reports  – When you buy from a dealer, they can tell you about the car's history. If it was involved in an accident, or how many owners it's had. This will give you some idea of what to expect down the road.

3.  Financing – Coming up with hard cash can be a challenge for anyone these days, and paying someone you just met online gives you little recourse. Most states have lemon laws giving you options from a dealer you wouldn't otherwise have.

4.  Paperwork – Oftentimes, people don't realize that when they purchase a used car from classified ads, they still have to go with the seller to transfer the title. You will also have to arrange your own financing. Most people barely have the time to shop for a car much less deal with all the paperwork that's required.

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