Find out your vehicle's estimated trade-in valueBy Kijiji Autos
If you're new to the car financing world, you may have already noticed that this industry is full of jargon. While you're probably familiar with the most common car speak, there may be some terms that are leaving you stumped...like trade-in value or car appraisal.
Kijiji Autos' mission is to help you buy your next car with confidence. We're here to demystify the process and show you how to use your trade-in value (as applicable) when buying or financing a car online.
What is trade-in value?
Understand what a trade-in value estimate is important before figuring out how to use it when buying your next car.
A trade-in value estimate consists of getting your car valued. What factors go into estimating the value of your car?
- The vintage and rarity of the car (the rarer it is, the more valuable it can be)
- Comparable sales
If you get your car appraised in person, your appraiser will give you a written value of the vehicle, which you can then bring to a dealership.
Is my car really worth that much?
It's important to go with a car appraiser you trust. Not every appraiser will bring the same level of thoroughness, professionalism or knowledge—the rarer your car is, the more important it is to do your homework before hiring someone. All these factors will determine the estimated value of your car.
Nowadays, you can get an estimate of the trade-in value of your car instantly online. Online estimator tools are fast, easy and accurate. If, however, you're sitting on a 1967 Shelby GT500, you may want to seek out a vintage car specialist.
The best part about getting your car’s estimated trade-in value online? You'll know instantly how much your car could be worth, so you don't have to wait to continue to the next step of buying a vehicle.
What to do with the information from your online estimate
What's the point of getting an estimated trade-in value? Now that you've gone through this step, you know what your car could be worth. In layman's terms, dealers will trade your old car for a new car and charge you the difference.
This number can significantly lower the total purchase cost of the vehicle you've had your eye on.
How to use your estimated trade-in value to buy a car
Shopping for your next car? Use Kijiji Autos' trade-in estimate function that's included in our Shop Faster listings to get an approximate estimate of your monthly payments. You just need to add your down payment amount and then choose your payment frequency and term. This is where you can include the estimated trade-in value of your car to see how it affects your payments.
Shop for cars with confidence on Kijiji Autos
Are you ready to get an online estimate? Take a look at Kijiji Autos’ Shop Faster listings to find out your car's estimated trade-in value instantly.
We want to help you make informed decisions about the car-buying process. Learn more about online car shopping or start your search for models in your area on Kijiji Autos.
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