How soon is too soon to trade in a car?
If you're planning to trade cars, timing your trade-in is essential to getting the best offer. Ewald Auto helps local drivers secure the most competitive car trade in values at our Waukesha used car dealer. Our Max Allowance trade-in program allows drivers to share a broader range of information and pictures about their used cars in Waukesha. This extra information enables Ewald Auto to extend more accurate, and often higher-value, offers for the true value of your car. Before you visit our used car dealership in Waukesha to trade in your vehicle, let's learn more about WHEN to trade in. With our help, you'll be on your way to unlocking an outstanding used car value!
Can you trade in a car while still paying for it?
You can trade in a car with an auto loan, but the remainder of your loan balance needs to be paid off. Typically, your car trade in value will cover the remainder of your loan. If your car is worth more than the loan balance, the overage amount will be applied to your next car as a down payment. If your car isn't worth as much as you owe, you have negative equity in the car. You'll need to pay off the rest of your balance, or bundle the remaining loan into your next auto loan. Don't worry - Ewald Auto will make it easy for you to trade in your old used car for an exciting new model!
What is the best mileage to trade in a car?
There are three mileage ranges where you can optimize your car's trade in value. Ewald encourages customers to trade in their cars before they reach the following mileages. Our used car dealership in Waukesha will ensure that you receive the fair market value for your current car.
- 30-40k miles - This mileage is the point when new car warranty coverage often ends. After your vehicle reaches this mileage, you can expect the value of your car to begin declining at a faster rate.
- 60-70k miles - Generally, a used car in Waukesha will be around 3-5 years old when it reaches this mileage. If your car has been properly maintained, you can get a fantastic used car value at this mileage.
- 100k+ miles - After 100k miles, your used car will be less appealing to buyers. Even though modern cars last well over 200,000 miles, this milestone will decrease its value significantly. Trading your car before hitting the 100,000 mile mark is a smart idea to get the biggest payout.
How do you trade-in a car without losing money?
Let Ewald Auto make it easy for you to trade in your car. Our Waukesha dealership is ready and waiting to help you explore your car's trade in value. Stop by our showroom today for a complimentary appraisal, or get the ball rolling from our website. We can't wait to serve you on the trade of your car!
