The factors that weigh into your trade in value include, but are not limited to: Vehicle age, mileage, overall condition, accident history, population of model, and the current automotive market
Yes. The fair market value (actual cash value of vehicle) and the offers you recieve for the vehicle may vary between dealers.
This is because different manufacturers offer different incentives that may be rolled into your trade-in value, making it appear that they are offering you more than it is worth.
It is best to research your vehicle’s fair market value before comparing dealer trade-in offers. In addition to the tool above, there are also websites like consumer reports and Kelley Blue Books that can provide you an unbiased calculation of your vehicle’s value.
Abosolutely. So, how does it work?
If your trade in value is MORE than the amount you still owe on your old vehicle,your old vehicle will be paid off and the extra money will be applied to your new purchase as a downpayment.
If your trade-in value is LESS than the amount you still owe on your old vehicle, the amount you still owe on the old vehicle (negative equity) will be applied towards how much you owe on the new vehicle.
Yes! Bypass the showroom & save time by designing your deal online. Get an instant quote on your trade-in vehicle through Proctor BuyPass.Our vehicle trade-in feature will will immediately apply the value of your old vehicle towards the purchase price of any new vehicle you have selected*Vehicle trade-in value determined by Proctor BuyPass, online buying program, is an estimate of fair market value. Actual condition of vehicle must be conffirmed through an in-person dealer inspection to finalize the trade-in offer.
Things like car age, mileage, condition, and popularity play into your trade-in value more than other factors. But cosmetic and common-sense improvements to your vehicle can work in your favor when it’s time to trade in your vehicle.