When the time comes to buy a new Acura, make the dealership Acura of Sherman Oaks. We provide financing tools and resources to help you get started on the purchasing process, like a trade-in value calculator. Here are a few factors that affect your vehicle’s trade-in value.
Market Price
The market price is the first thing the dealership will look at when calculating vehicle trade-in value. This is typically done by consulting Kelley Blue Book or another resource for comparing vehicle values. The market price will give you an average of how much similar models are going for, and will be adjusted based on some of the following variables.
Vehicle Rarity
One factor that will boost your vehicle's value is its rarity. The rarer a car or SUV is, the more value you’ll be able to see on the trade-in. Rarity may be related to how many years the vehicle was produced, or simply demand for the car, which means fewer owners sell.
Packages and Options
The packages and options available on your vehicle will also affect the trade-in value. Higher trim levels and more costly packages will typically increase the trade-in value, but it’s something to research when looking at the average market values.
Condition
The vehicle’s condition is the factor most within your control. While it typically isn’t worth it to make significant repairs or upgrades, it can be helpful to get your vehicle detailed and cleaned, and to address more minor issues, so your car looks its best on trade-in day.
Here at Acura of Sherman Oaks, we’ll walk you through the vehicle trade-in process so that you can get the best value for your car every time. Take the first step with our vehicle trade-in value estimator, which you can use right from the comfort of your home.
