Car Trade-in Tips

Car Trade-in Tips
Has the time come to upgrade your current car, truck, or SUV into something new? At AcceleRide®, we make the process of trading in your car simple and, most importantly, a real value.

To help make sure our trade-in experts provide you with the best offer, check out these car trade-in tips before downloading the AcceleRide® mobile app.

What Does it Mean to Trade in a Car?

In simplest terms, a “trade-in” involves assessing the fair market value of your current car and then applying it toward the purchase of a new or used car. With AcceleRide®, this involves transforming your trade-in offer into a credit that’s applied to your future loan or lease.

Depending on the amount, your trade-in credit can help reduce your monthly payment. It also frees you from having to sell or maintain your old car. In some states, there are even tax advantages to trading in as opposed to selling your car outright.

4 Car Trade-in Tips

Are you ready to make a move? There are a few things you can do before clicking the AcceleRide® Express Trade® button to set yourself up for success, including:

1. Determine How Much You Still Owe

If your title is free and clear, skip ahead to the next car trade-in tip. If you’re still making payments, you’ll want first to determine how much you still owe.

Contact your bank or lending agency and request the payoff amount. If you end up owing less than the trade-in value, you have positive equity. This equity can bolster your down payment and potentially reduce the overall cost.

2. Gather Your Service Records

A trade-in with up-to-date service records can often secure a bigger quote than one with inconsistent maintenance. Regular oil changes, tire rotations, and brake repair all go a long way toward keeping your used car in tip-top shape.

Contact your service center tech who’ll be able to provide you with detailed records of your vehicle’s prior inspections, service, and any repairs. For a complete picture, you also can request a CARFAX® Vehicle History Report™. This objective, third-party report lists several important factors when it comes to valuing your trade, like:

  • Accident data
  • Service history
  • Ownership history
  • Open recall notifications
  • Types of use

3. Fix Any Scrapes or Dings

If your used car has fewer than 50,000 miles on the odometer, consider having any minor body damage fixed before its official inspection. The same is true for any cracks or damage to the windshield or side windows.

Remove all personal items from the cabin and cargo area before giving the interior a proper cleaning. Upholstery stains or dirty carpets can often easily be remedied by a trip to the local car wash.

4. Research Your Trade-in Value

For a quick and accurate quote, use our Express Trade® feature to receive a firm offer within 30 minutes. As an industry leader, AcceleRide® guarantees to beat any competitor’s offer by up to $500.

You also can evaluate your specific make and model by using a trusted third-party site like Cars.com or Kelley Blue Book®.

Discover More Car Trade-in Tips With AcceleRide®

Are you ready to take the next step toward trading in your car, truck, or SUV? If so, create an account and download the AcceleRide® mobile app today!