Trading in a car is the Achilles’ heel of the car-buying process because it’s tough to get the dealer to give you the full value of your old car. But understanding how to trade in a car and AutoTrader's Instant Trade-In Offer: Long known for used-car classifieds, the AutoTrader Web site now offers to appraise your trade-in, give you an up-front price and connect you with dealers. Trading in your car with Enterprise is a simple process. Be a smart shopper. Be prepared. Have an idea what your car is worth. Use our online car valuation tool to determine your car’s estimated Kelley Blue Book® trade-in value. Assess your vehicle’s condition and make any necessary repairs. Gather important documents. You’ll need your The dealership will take your trade-in, pay off the lender to remove the lien, and then the vehicle is theirs to resell on their lot or at auction. This is the most ideal trade-in scenario because not only will the dealership take care of all of this, but you can use the equity as a down payment on your next car. Being upside down means you owe more on your car loan that the car is worth. This is a bad situation for a car as they usually depreciate with age (unlike real estate). The difficult part is trying to trade the car in for another car, especially if the difference is extreme. Unfortunately, for most of us, a car is If you trade in your car, the dealer handles the entire transaction from start to finish. Depending on the dealership, you might get more money for your trade-in if you buy a more expensive car, rather than a cheaper model. Also, consider shopping for a new car toward the end of the year. This is when dealerships receive the new year’s
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