How to Value Your Trade – Learn From the Experts at Toyota of Ardmore

Our team at Toyota of Ardmore is committed to providing a fair and honest appraisal of your trade-in. In this brief guide, we'll show you how to determine the value of your trade-in. Additionally, we'll explain the vehicle trade-in process so that you can get a fair trade-in value. Visit our Toyota dealership in Ardmore, OK, to learn more about the model you're interested in or to explore our selection.

The Trade-In Appraisal Process at Toyota of Ardmore

We make trading in your vehicle with us easier and less time-consuming by providing convenience and efficiency. Here's what happens if you bring your vehicle in:

• Walk-Through Inspection: Our factory-trained technicians will inspect your vehicle, both inside and outside.
• Diagnostics and Testing: During system testing, our team listens for any issues and runs diagnostics to identify dashboard warnings.
• Vehicle Background Check: We verify the vehicle's ownership and maintenance history using the CARFAX Vehicle History Report.
• Real-Time Market Comparison: We utilize reliable platforms, such as Kelley Blue Book (KBB) and Black Book, to determine the current selling prices of similar vehicles. Afterward, you'll receive a trade offer based on the value of your vehicle.

Value Your Trade - Online Trade Tool at Toyota of Ardmore

It is possible to get a ballpark estimate before you set foot in the dealership. To get an estimate of your trade, enter your vehicle's VIN, mileage, and other details on our Value Your Trade form. You will receive an instant online estimate from trusted sources, such as Kelley Blue Book (KBB).

However, remember that online tools cannot see your actual vehicle. To obtain a final estimate, we recommend visiting us in person.

What Is a Trade-In Value?

Trade-in values refer to the amount a dealership will pay you for your vehicle when you trade it in for a new or used vehicle. It's not the same as what you paid or received from a private party. In essence, it's what your vehicle would be worth if it hadn't been reconditioned.

Factors Affecting Trade-In Value

This is where things get a bit more detailed. Several factors contribute to your vehicle's appraisal:

• Year, Make, and Model: The model year is one of the most significant factors affecting a trade-in value; for example, a 2024 Toyota RAV4 will typically have a better value than a 2014 Camry.
• Mileage: Vehicles with lower mileage are almost always more valuable, unless they have been neglected in some way.
• Condition: Several factors contribute to a decrease in a vehicle's value, including wear and tear, scratches, dents, and malfunctioning warning lights.
• Market Demand: Trucks and SUVs sell faster than sedans and minivans. Stock movements like this affect dealer prices.

Tips on Boosting Your Trade-In Value

The following steps can help ensure your vehicle is in excellent condition before you bring it in:

• Clean your Vehicle: Vacuuming and washing the interior can make a significant difference in a vehicle's appearance.
• Fix as Many Small Issues as Possible: You can work on small issues, such as replacing a burned-out light bulb or checking tire pressure.
• Bring Your Maintenance Records: By maintaining your vehicle, you demonstrate your care and concern for it. A complete record is also very helpful in these instances.
• Don’t Wait Until Your Warranty Expires: Consider trading in your vehicle if your warranty is about to expire (or if you are close to needing major repairs).

Explore Your Trade-In Options at Toyota of Ardmore

Would you like to know the value of your vehicle? Evaluating your trade-in is easy with Toyota of Ardmore. We'll ensure you receive a fair price. Visit us today in Ardmore, OK. We look forward to seeing you.