Everyone wants to get as much money for their trade-in.
But no one knows how to.
Except for car dealers.
Let’s start with a quick disclaimer:
I didn’t make these rules.
This is not legal or financial advice.
I’m simply here to arm you with information.
You can make your own decisions, accordingly.
So, back to the question.
Maximizing your cars trade-in value depends on 2 factors:
- What needs to be repaired, and
- To what extent it needs to be repaired
Let’s break down some potential scenarios:
Should I detail my car? No. Waste of money.
Should I repair technological issues? No. Waste of money.
These can include a faulty:
- TV screen (if applicable)
- Key fob
Should I perform any routine maintenance? No. Waste of money.
This can include replacing your:
- Oil & filter
- Brake pads
- Cabin filter
Should I repair minor mechanical issues? No. Waste of money (with rare exceptions).
This can include replacing faulty:
- Control arms
- Stabilizer links
- Window actuators & regulators
- AC compressor
Should I repair major mechanical issues or fix any significant body damage?
Yes, but only if you have:
- A cost-efficient way of doing so, and
- Time to spare
These issues will most likely get flagged during your cars evaluation process,
And typically lower your trade-in value,
By more than the actual costs of the repairs.
Examples of major mechanical issues can include a faulty:
And examples of significant body damage can include:
- Broken bumper
- Smashed panel
- Rims with severe curb rashes
If you’re truly looking to maximize your trade-ins value,
You now have the cheatsheet.