Assessing The Value of Your Vehicle
The first thing that any car owner must do to ensure that they are getting a fair offer for their current vehicle when they are ready to shop for a new or used model replacement is assessing the value of the current vehicle. The Kelley Blue Book publishes general guidelines that compile what the average selling price for each model is across the country. Although these prices can be irrational and undervalued, the benchmark guidelines of the Kelley Blue Book can be a starting point for ensuring that you obtain at least the minimal value. If you have put additional money into the vehicle, garage kept it, or kept up perfect factory maintenance, these are additional selling points that you can use to negotiate with the dealership.
Financed Vehicle with Incomplete Payments
Trading in a Chevy for a new or used vehicle is easier than ever. It does not matter if you financed the vehicle that you are trading in or you own it. It is possible for people who trade in their vehicles to rollover the loan and combine any remaining payments into one loan. Although you may not save significant money by using this method, it can simplify the payment process and ensure that you do not miss the payment due date on either loan. People are trading in their Chevrolet’s to upgrade to the latest models all the time and rarely experience any hang-ups.
What Do You Need to Trade Your Vehicle In
You do not need a lot to trade-in your vehicle. All you need is the title, registration, any keys or key fobs, and the payment information. Then, all that remains is to find a new or used vehicle at the dealership that fits your needs. When you are ready to finance the difference or rollover the loan, you can usually work this out with the financing department at the dealership or your own private lender. The entire process is meant to be flexible and easy because purchasing new and used vehicles is hard enough when you need to choose the options and stylings of a long-term investment.
Ask for a Pre-Purchase Inspection and Vehicle History
Some other things you should consider when trading in your Chevy are whether you are going to inspect the vehicle before trading. In other words, before you make any sort of agreement, it is better to have the prospective vehicle that you want checked out by a reputable independent mechanic that you trust. You should also request a CARFAX report or check the vehicle history out with the dealership. Most dealerships are able to look up the entire service history of a vehicle by the VIN number if they are an authorized dealership for that particular brand.
Hang-ups of Trading in a Vehicle
One of the biggest problems that customers who trade-in vehicles run into is the transparency aspect of the deal. If there are too many hidden prices or the dealership will not let them have the vehicle independently inspected, it can be hard for customers to have confidence in the deal. When you trade your Chevy in for a pre-owned vehicle or brand-new vehicle that is under factory warranty, you can expect more reliable results. The dealerships don’t want to have to go through the hassle with problems on a vehicle that they just sold and, therefore, inspect these vehicles thoroughly. They also recondition these vehicles to ensure that the owners do not run into major unexpected repair bills that make them regret the purchase and question the reliability of the auto.
Times to Shop for the Best Deals
You should always consider seasons when the dealerships have to move inventory and might be more likely to accept a lower offer. The best strategy, however, is to wait for the factory incentives to come up on a particular brand-new vehicle. Factory incentives to buy a new vehicle can save you significant money. Although there is no guarantee that factory incentives will be offered for the vehicle you desire, you can watch a range of vehicles that interest you and look for the hottest deal. All the engineering and safety features are relatively standard and tend to cross over across the industry. Just because one brand invented a particular safety features does not mean that the others will not purchase the same engineering designs for application in their prototypes.
Where Are the Best Deals?
The best deals on new and used vehicles are found at authorized dealerships who purchase in higher volumes. They are usually interested more in customer retention than making huge profits on one particular sale. They have more flexibility and incentive to free up lot space for older models. They can also absorb any losses easier and not fret about every nickel and dime.