How Does Trading in a Car Work

August 13th, 2018 by

Salesperson selling cars

If you’ve been browsing our trending inventory, then you’re probably thinking about an upgrade to your current car. While many customers wonder just how trading in a vehicle works, the process is easy – and you can save a ton of money!

Steps of Trading in a Car

When you lease or finance a vehicle, you’ll pay for the total cost of the vehicle. But when you’re trading in a vehicle, the value of your current car will count toward the price of your new car. That means you’ll only pay for the difference in value between the two models. What can you expect at the dealership?

  • Your car will get a visual inspection, and the salesperson will run your VIN through a vehicle database.
  • Technicians will look through the components of the vehicle for wear and tear.
  • You’ll get an offer based on current price, condition, and other factors.
  • Hand over your title and paperwork and get ready to find your new model!

Find Your Trade in Value with Jeffrey Honda

Now that you know how trading in a car works, want a quick estimate of your vehicle’s trade-in value without leaving the house? Take a look at our Value Your Trade online estimator at Jeffrey Honda in Roseville, near Grosse Pointe and St. Clair Shores.

Posted in Dealership, Finance, Tips