Trading in your used Toyota is a great way to get a good deal on your next one. Here are some helpful tips for getting the most out of your trade.
Spruce up the Car
You’re more likely to get more from your trade-in when you spruce up your used Toyota. Tackle any pet or smoke odors, remove personal items, invest in a detail service, and wash the car inside and out. Remember, the better the car looks, the more valuable it is for resale.
Provide Your Records
If you’ve kept your car’s maintenance records, be sure to bring them to the dealership when negotiating your trade. Doing so gives you a stronger position when negotiating the car’s trade-in value.
Negotiate the Smart Way
Most buyers don’t negotiate their car’s trade-in value until they’re already in new-car negotiations. While there’s nothing wrong with this move, you can actually get a better deal by negotiating the trade-in value first before shopping for a new car. Also, be sure to research beforehand so you have a better idea of your car’s value.
Consider Tax Advantages
In some states, you’re allowed to pay sales tax on your new car’s purchase price minus what you get for the trade-in. This reduction can add up to as much as 11 percent in savings, which is substantial. In Pennsylvania, both the local tax and 6 percent sales tax are calculated minus the trade-in value.
When you’re ready to trade in your used car, stop by Peruzzi Toyota. We’ll be happy to help!
Image via Flickr by Rochelle, just rochelle
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