Someone going to buy a new car should know the trade in value of the car they are currently driving. Almost every dealer will take a trade in to shave some of the price off of the new car. Though there is a blue book value on any car, there are many things that go into consideration when a dealer makes an offer on a used car as a trade in for a new one. One thing is if that car will be worth anything to them at all, and in some cases, the answer can be surprising.
There are some dealers who base the trade in value on the blue book listing alone, and if you find one of them, there will be little haggling in regard to the value of the car. However, if there have been accidents and other problems with the car, that trade in value will go down. There are some that will not take a trade in for anything other than the listed blue book price and they won’t budge. That should be expected though, as a used car is not always something that they can unload.
Sometimes the trade in value of a car will be determined by how likely it is to be sold again or used for valuable parts. Some cars simply will not resell for a variety of reasons. The make may have a reputation for major problems, and if that is the case, there may be no way to sell it. Though most older cars can be sold for parts, not all of them are as valuable. If a car is more rare, the chances of someone needing the parts will be low, and that might affect the trade in value.
On the other hand, there are times when dealers really need to draw in some business, and they will offer a certain amount for any car no matter what the true trade in value might be. You may hear a commercial telling you to push, pull, or drag your car in and you will get a certain amount off a new car no matter what shape it might be in. If you think that dealership might have a car or truck that you are interested in, and your current car appears to have a very low trade in value, this is the time to buy that new car you have been dreaming of owning.
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