How to Trade in a Car

Ready to upgrade what’s in your Rye garage? Do you want a more reliable vehicle to drive on Stamford streets? You may want to know how to trade in your car for a new vehicle. The value of your current vehicle can increase your down payment while lowering your overall loan amount when you trade in a car at a dealership.

When you want more information, our finance team is here to help. Take a look at our guide on how to trade in your car to see if this option is right for you!

Find Out What Your Car Is Worth Before Trading in a Car

First, you need to determine how much your car is worth. You can use our online tool to value your trade. Enter your car’s year, make, and model, along with your name, email, and phone number. Then add information about the vehicle’s condition. You’ll receive the estimated value of your car’s trade-in value from our dealership. An actual trade-in offer will differ from this figure. If you would like to do more research, there are other online tools available, such as Kelley Blue Book® Value and Edmunds True Market Value®. 

Get an Appraisal Before Trading in a Car

The next step is to have an auto dealership appraise your car’s condition. Our service center will examine your car’s condition, inside and out. We’ll also consider our current used inventory to determine whether we can sell the vehicle. Bring your trade-in value estimate for our reference and any other offers you’ve received from dealerships in New Canaan. Just because our team makes you an offer, it doesn’t mean you need to trade in a car at a dealership.

Negotiate or Accept a Trade-In Offer

When we complete our negotiations, you can choose to either negotiate or accept our offer outright to close the deal. This process is straightforward. That’s the primary benefit when you trade in your car at a dealership. 

Other advantages when you trade in a car at a dealership include:

• The first offer you’re given from a dealership isn’t necessarily set in stone. You can choose to negotiate based on the trade-in value research you’ve done. 
• If you wish to consolidate your auto loan or want to get out of negative equity because your loan is more than what you owe, a dealership can help you with auto loan financing. 

Once you have accepted the offer, you can finalize your trade for cash, or put the car’s value toward buying a new car. You can increase your down payment and lower your loan amount.

Trade-In Your Car for Something Newer at Mercedes-Benz of Greenwich

Ready to upgrade your ride in Greenwich? Contact us or call (877) 634-4150 to schedule a test drive with our team. We might have some new vehicle specials, quality used vehicles, or some like-new certified pre-owned vehicles.