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How to Trade in your Old Car in Hannon

How to Trade in your Old Car in Hannon

Trading in your old car used to be a real hassle. Dealerships didn’t always want your old car and would rarely give a good price for it. Fortunately, those days are gone. The used car market is strong and prices are more competitive than ever. Trading in is now a viable option for anyone buying a new car and our Halton auto loans team shares some insights into how to trade in your old car.


Assess the condition and value


Before you go to the dealership, it’s useful to have an idea of the condition of your old car and how much it could be worth. Knowing in advance means you will have a much better idea of how much to expect when the appraiser gets to work.


Have a good, honest look at the condition of your car. Then check out Auto Trader, eBay, Craigslist and other places where people sell cars. Check the make, model, trim, mileage and year and try to get an accurate picture of how much the car could be worth.


Get your paperwork together


To trade in a car, you’ll need the vehicle title, service paperwork and any receipts or supporting paperwork you kept over its life. You’ll also need the vehicle registration, your driver’s licence and the keys.


If you have an auto loan on the car, you’ll need to arrange to settle the loan when it comes time to trade in. We can help you with that.


Auto loans are usually secured on the car so it’s important that we arrange to settle the loan so everyone is free and clear.


Prepare the car for trade in


Now is a good time to prepare your car for trade in. That means making any minor repairs, changing worn tires, changing the wipers or any worn components, fixing any scratches or dings and giving the car a thorough clean inside and out.


The more presentable you make the car, the easier trading in is. The less work the dealer has to do to prepare the car for resale, the more they can afford to offer.


It will take time and energy but it could either increase your chances of getting an offer and/or increase the value of that offer.


Look carefully at the deal before you sign


Trading in is part of a new car purchase. The amount you’re offered for your old car will be deducted from the amount you pay for the new one. Along with settling your old Hannon auto loan with a new loan, there may be a lot of numbers floating around.


Make sure you know exactly how much you’re being offered for your car. Make sure you know exactly how much you’re paying for the new car. Make sure you know exactly how much the loan is, how much it will cost and how much you’ll be paying each month.


That way, you can make an informed decision about whether to go ahead or not. We want you to be completely happy with the process and would rather you take the time to understand everything than regret it afterwards!


We will use all our skill and experience to deliver the lowest possible Hannon auto loan rates, guaranteed. Contact Car Nation Canada Direct to learn how we can help.


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