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How to Trade-In a Car

One Hand Handing a Key Fob Over

When you trade-in a car, you can get offers without having to go through the trouble of selling a car on your own. If you’ve got your eye on a new or new-to-you vehicle, you may be wondering how to trade-in a car for the highest possible value. Sam Leman Chrysler Jeep Dodge Ram FIAT Morton has a few suggestions for how to go about the process. Read on to learn more about how to trade-in your car near Pekin. 

Get a Value Estimate for Your Car 

You’ll need to determine what your car’s worth before you can move forward. Our handy value your trade-in tool will make this much easier. Simply input your car’s information, as well as your contact information, and you’ll get a report that estimates the value of your car and details the local market popularity and supply. To supplement your research, you can also use Kelley Blue Book® Value and Edmunds True Market Value®

Get Your Car Appraised 

Step two is getting an appraisal. To do this, you can schedule an appointment at our dealership, where we can go over what we think your vehicle is worth and highlight anything about it that could impact the trade-in value.

Choose a Trade-In Offer 

Once you’ve gotten a few appraisals on your car, you can decide on an offer or try to negotiate. Before you make a decision, however, consider the following facts: 

  • Some large national chains won’t negotiate your car’s cash value. You’ll receive an offer and you can essentially take it or leave it. You’ll have better luck negotiating at a dealership.
  • Are you currently upside down on your auto loan or have negative equity? That is, do you owe more on your vehicle than what it’s actually worth? If so, you can roll your current car loan over into a new car loan, allowing you to drive home to Pekin in a new car. You can do this at a dealership, but not with many large national chains; they’ll want difference between what you owe and what the car’s worth. 
Calculator and pen

After you settle on an offer, you can trade-in your car for cash, or buy a car with the money you received from the trade-in. 

Trade-In Your Car at Sam Leman Chrysler Jeep Dodge Ram FIAT Morton! 

Do you have additional questions about how to trade-in a car? The team at Sam Leman Chrysler Jeep Dodge Ram FIAT Morton is happy to help! Contact us to learn more about our car trade-in process and how you can make it work to your advantage. Looking for a great deal on an already affordable car? Check out our pre-owned vehicle specials, and find a high-quality car for sale near Washington and East Peoria.

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