How To Get The Most Car Trade In Value
If you're ready for a new ride, it could be time for a car trade-in near you! But to get the maximum car trade-in value, it's important to consider the timing. How long should you keep your car before you trade it in? Ewald Auto has advice to help you get the highest value for your car. Let's review the hard facts!
What affects trade-in value?
Used car values are calculated based on make/model/year, condition, mileage, and age. Supply and demand can also influence the value of a Milwaukee used car.
If your car is new, the best time to trade it in to our used car dealership near you is around the three year mark. The car will have already gone through the worst of its depreciation.
If you bought a used car, it's fine to trade it in after a year or two.
Should I pay off my car before trading it in?
You can trade in your car to Ewald Auto even if you still owe money. As long as you are in good standing with your payments, we can roll your existing loan amount into your next car loan.
Before deciding whether to pay off your car or not, consider the equity factor. If the car is worth more than you have paid on it, the difference is your equity. Positive equity can be used towards your next auto loan. If the car is worth less than what you still owe, you have negative equity. You'll have to pay off this amount before you can trade it in.
What is trade vs retail price?
Car trade in value is the amount that a dealer will pay for your trade-in. This amount will typically be lower than the retail value. It doesn't include the expense of reconditioning, or the profit margin for the dealership.
Retail price is what the dealer can sell your car trade in for near you. This price is what your Milwaukee used car will be listed for at the dealership. It includes any expenses put into your car before listing, as well as the profit margin.
Why is trade-in value less than the retail value?
The retail value includes the profit margin for the used car dealership near you. Dealerships need to profit from each used car they sell. Ewald Auto works hard to deliver favorable car trade in value to our customers, even if our profit margin isn't as large.
How do I find my car’s value?
Ewald makes it easy to value your car from home. Visit our website to use the MaxAllowance tool. You can upload information and photos that tell your car's story in minutes. We'll send you a Considerate Cash offer, completely obligation-free. You can use it on a car trade in near you, or take a cash payout for your vehicle.
There's no reason to be confused by your car's trade in value. Ewald Auto will make sure that your trade in process is transparent and easy to understand. When you're ready to discover your car's value, log on to MaxAllowance today!
