Sierra Blanca Motors Auto Group is a new & used car dealer serving Southeastern New Mexico. We offer vehicles from top manufacturers, including Chrysler, Dodge, Jeep, RAM, and Chevrolet.
The trade-in value of your car is how much a dealer might offer for it. The dealer will deduct the trade-in value of your old car from the cost of the new vehicle.
If you have a car value estimate before visiting a dealer, you are less likely to get underpaid. But you can’t determine your vehicle’s value by simply eyeballing it. That’s because dealers consider various factors when determining a vehicle’s value, such as its make, model, mileage, and more.
To understand how to calculate your car trade-in value, here’s everything you need to know.
What You Need to Know for Your Car Value
Determining vehicle trade-in value involves looking at different elements of the vehicle. When calculating trade-in value, car elements that you should consider are:
- Year: The manufacturing year of a car indicates its age. Newer models typically get a higher appraisal.
- Mileage: Higher mileage means more wear and tear in a vehicle. It’s why an older car with less mileage might get a higher estimate than a newer car with higher mileage.
- Make/Brand: The reputations of certain car brands give them a higher value. For example, Chevrolet has a reputation for quality, which leads to attractive resale value.
In summary, a newer vehicle with lower mileage will fetch a better deal, especially if its make, model, and style are in high demand.
What Equipment Is on Your Vehicle?
The features that come with your vehicle will also affect its value. For example, when calculating a truck trade-in value, a truck with GPS, bed liner, and tonneau cover will fetch a better price than a similar truck that doesn’t.
To avoid losing hundreds of dollars, never accept a price with standard equipment appraisal. Instead, get the best deal by providing information about the vehicle’s equipment and features, such as:
- Mechanical: Engine, transmission, drivetrain, braking and traction, and steering
- Interior: Seat type, GPS, anti-theft system, entertainment system, key or keyless entry and start, air conditioning and heating system, airbags, and so on
- Exterior: Style of lights, backup camera, parking sensors, alloy or premium wheels, and so on
What Is Your Vehicle's Condition?
Another factor that determines used car trade-in value is the vehicle’s condition. It can be fair, good, very good, or excellent. Here’s what each vehicle state means:
The better the condition, the higher the car trade-in value will be. Owners who are uncertain about their vehicle’s condition can get information by taking our short quiz.
What Is My Car Trade-in Value?
After providing accurate details about your vehicle, you’ll receive a car trade-in value estimate. You can use this information to negotiate at a dealership and get a satisfying trade-in deal. You’ll also get an estimate of how easy the trade-in process will be and how long it’ll take.
Sierra Blanca Motors - We Make It Simple
Are you wondering where to get an accurate and fair trade-in value of my car?
Head over to Sierra Blanca Motors. We are a family-owned dealership that’s been providing new and used car services to Ruidoso and neighboring New Mexico communities for over five decades.
We make knowing your car trade-in value simple and provide excellent trade-in options. Visit our dealership or give us a call at 575-213-5439 to get started.
