Car shopping can be stressful, whether you have a trade in or not. But hopefully this list of 5 things you need to know when trading in your used car can lighten the load a bit for you and make your car shopping experience go a little smoother.
Know What You Owe
If you still have an outstanding = loan on your current vehicle, and have too many payday loans it might help to know exactly how much you still owe. Those figures will of course be necessary in determining how much you can borrow and the amount of your new car payment.
Know Where Your Documents Are
Make sure you show up with your title in hand if you own the vehicle outright, and your payment coupons or loan statement if you don't. If you can get a payoff quote, even better.
Know the Condition of Your Car
When was your last maintenance? Have you repaired or replaced anything recently? Any new upgrades? Make sure you bring out all the stops in making your car look first rate. Of course, don't falsify information…honesty is the best policy.
Know What Type of New Vehicle You're Looking For
There's no sense in worrying about what your trade is worth until you know for sure that you're ready and looking to purchase a new car. You don't necessarily have to know the make and model that you want, but you need to be ready (or close to being ready) to purchase.
You can read my full article on 5 Things You Need To Know When Trading In Your Used Car over at Kayser Chrysler Center.