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Simply put, trading-in means that you offer your current vehicle to the dealership you wish to purchase a new vehicle from, in exchange for a credit towards the car you’ll be purchasing.
When taking the vehicle to the dealer to be assessed it’s important that you provide as much information as you can. Determine the current book value, as this may give you an idea of what it’s worth but do remember that this will only be an approximate value and the final price offered will be dependent on various criteria.
The dealership wants to know how loved the vehicle is, so it’s a very good option to make sure your car is clean. A clean and well looked after car will attract a higher resale value.
How long will this take?
The dealer will be able to give you an indication of trade-in value straight after evaluation. The rest of the vetting and verification, in order to give you a complete report and solid offer, should not take longer than a few hours.