There are plenty of reasons drivers decide to trade their cars. Car and Driver cites one of the main reasons is to make buying a newer model more attainable.* When you value your trade, you can use the offer as part of a down payment for a different vehicle, meaning you may not have to put anything down out of pocket.

Another reason people trade their vehicles is to avoid repair costs. This is often the case with older cars that need mechanical or bodywork, and in some instances, both. Sometimes, repairs can cost more than the car's value, so it can be a sound financial decision to part ways rather than repair it.

Drivers will sometimes trade newer cars if the value is high, though it depends on desirability and condition, among other factors.

Before you bring your vehicle for a trade-in, here are a few tips to ensure you get the best value possible. Start by thoroughly cleaning your car, both inside and out. Minor fixes like changing the oil, replacing air filters, and fixing small dents can also boost its value significantly. Gather all essential documents, such as the title, maintenance records, and spare keys, to streamline the process.

Car and Driver also notes you should shop around and get quotes from different dealerships.* This way, you'll better understand how your vehicle is valued. Before visiting a dealership, it would behoove you to do some preliminary research and know its value.

Like buying a car, the trade-in process can have several layers. Our Value Your Trade tool can help you jump-start the process by giving you an estimate for your vehicle. You'll be prompted to enter your contact information and information about the car, including condition, make and model, mileage, etc.

After receiving your information, the feature will generate a quote. If you're ready to take the next step, we'll help you schedule an appraisal appointment. At that point, we'll confirm your offer and cash you out or get you into a new vehicle!

If you want to drive off in a different car, our sales team will help you find what you're looking for, and the finance team will create a lease or finance plan that complements it.