How to Trade-In a Car

Couple Going Over Documents

If you are ready to purchase a used or new car, you may be thinking about how to trade in a car and get the best offer on a trade-in. Sam Leman Toyota Bloomington has you covered! Follow these steps below to improve your chances of getting the best possible trade-in offers near Normal.

Get Your Trade-In Car’s Value

Before choosing an offer, you need to know what your car is worth. To make it easier for Morton drivers, Sam Leman Toyota Bloomington offers a handy value your trade-in tool. Submit your car’s year, make, and model, along with your name, email, and phone number.

You will then receive a report detailing the local market supply, popularity, and estimated value of your vehicle. If you want to do more research, there are helpful tools like Kelley Blue Book® Value and Edmunds True Market Value® available.

Car Key and Pen on Contract

Get an Appraisal

After learning the value of your vehicle, you will want to get the car appraised. You can make an appointment with Sam Leman Toyota Bloomington and we will complete a detailed car inspection that’s valid for a week.

When you schedule an appraisal with us, we will examine the car’s condition and consider our used inventory and whether we can sell the car.

Negotiate or Accept a Trade-In Offer

After appraisals are complete, it’s time to negotiate, or accept the terms and close the deal. While picking the best offer may seem obvious, there are a few trade-in tips to keep in mind:

  • You can’t negotiate with most big box dealers like CarMax. Once they give you a trade-in amount, that’s their final offer. There’s often room to negotiate at a dealership.
  • If you’re upside down on your auto loans and wish to consolidate what you owe with the price of your new car, you will have better luck at a dealership. Other businesses will expect the difference between what’s owed on your car loan and the car’s worth.

Once you make a decision, you can finalize your trade-in for cash, or put the car’s value toward buying a new car.

Learn More About Car Trade-Ins at Sam Leman Toyota Bloomington!

If you have additional questions about how to trade in your car or want to schedule an appraisal, contact us today! Whether you wish to trade or sell your car for cash, we’ll work with you one-on-one to ensure you receive the fair market value. Why wait? Come see us today!

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