How Does Trade In Work?

May 12th, 2023 by

Most people who are buying cars already have one, and don’t really have any need for two. That’s why dealerships like ours offer car trade-in alongside your new car purchase.

Trading in your car allows you to get credit towards your new Acura vehicle without having to conduct a series of separate transactions. Certainly, you can sell your car on your own, but if you do so before buying your next vehicle, you’ll have to account for the gap between when you get rid of your old car and when you’ve finally gotten your new one. If you wait until after you’ve acquired your next vehicle, you won’t have the value of your current one to use as a down payment.

How Car Trade-in Works

First, you’ll want to get a good estimation of your existing car’s trade-in value. You can do that by using our online car trade-in calculator tool, powered by Kelley Blue Book®. Accurately enter the year, make, model, mileage, and condition to get your estimate–and don’t overstate the condition, either. If you’re unsure between “Fair” and “Good”, go with “Fair.” It’s better to be pleasantly surprised than to go in with high expectations and have them dashed.

If you’re happy with that ballpark estimate, it’s worthwhile to bring the car to our service center for a thorough appraisal. Beforehand, make sure your car is clean inside and out to present it in the best light.

When we have the opportunity to see your vehicle in person and inspect it mechanically, we can give you a fair trade offer then and there–and if you accept, you can use that value against the purchase of a brand new Acura vehicle or one of the other used or pre-owned cars we have in stock.

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