Ways To Boost Your Car's Trade-In Value
Have you ever wondered, "How does car trading work?" or "How can I be sure I get the most value when I'm trading a car in?" Whether you're swapping a lease, looking to lease a newer model, or merely curious about making sure you get the best deal possible when you're ready to trade in your lease, knowing how to boost your car's trade-in value is key. Below, we'll cover all the top tips & tricks to ensure you get the most value from your trade-in.
There are many factors to consider if you are looking to get an idea of what your car will be worth at trade-in and what you should be aware of throughout your lease to ensure your trade-in value is preserved.
Here are the top things to consider when determining what kind of value you can expect to get when you are trading in your car or doing a lease swap, as well as what you can do to prevent that value from depreciating:
Condition Of The Car
When you sell or trade in your vehicle, the condition is everything. Caring for your car and keeping it running well throughout your lease or ownership will help you get a better price when it comes time to upgrade, end your lease early, or trade-in your car.
Avoiding some common factors that cause damage is a great way to keep the value of your car high. For example, taking care not to let the gas tank go below half a tank will help avoid condensation build-up in your fuel system, which can cause damage to sensitive parts. Getting regular oil changes and tire rotations are also essential to preserve the trade-in value of your Ford SUV.
If you have an accident while driving leased vehicles, check with the leasing company before having it repaired. They may have preferred repair shops that can make returning it at the end of your lease easier and less expensive.
Mileage
If your car has a mileage cap of 15,000 per year, yet you are driving over this amount for the allotted lease time, you should be looking for a lease swap or early trade-in. On the other hand, suppose you intend to drive less than 15,000 miles per year following the mileage cap of your current vehicle. Then, you may be overpaying monthly and should swap at a reasonable date according to your annual mileage, not the lease duration.
Demand For The Brand/Model
Vehicle demand is important to consider when determining your car's trade-in value. The higher the demand for your vehicle, the more you'll get for it. The goal is to find a brand/model with high market demand, but other factors are at play than just brand recognition and popularity.
For example, leasing a Ford SUV is a great option, not just for the excellent craftsmanship but also because they hold their resale and trade-in value well and are always in high demand. Additionally, dealerships like AutoFair Ford in Manchester consistently offer the best Ford lease deals and easy trade-in options if you're looking to upgrade.
Easy Ways to Immediately Boost Your Trade-In Value
The following tips will help you get the best price for your car when you are ready to swap a lease or trade a car in:
Clean The Car Inside And OutVacuum, shampoo the rug, clean out the trunk, and make sure there is no trash or debris left behind. Also, clean the exterior of your vehicle with a good wax polish.
Repair Minor DamageYour goal should be to make it look like no one has ever driven it before, so pay attention to dents, scratches, and dings in your car's interior and exterior. Replace loose or broken trim and bumpers, too, if needed.
Replace Old Tires With New Ones (or at least make sure they are properly inflated)This will improve fuel economy while lengthening tire life by 25%. And remember: You don't have to spend top dollar on brand new tires -- make sure they're not worn down too far before buying replacements.
If you're interested in learning what trade-in value you can expect for your car, looking to swap a lease, or curious about the best Ford SUV lease deals, contact AutoFair Ford in Manchester today!