Determine Your Vehicle's Trade-In Value with Bow Mitsubishi in Calgary, AB

As the go-to dealership for all things Mitsubishi in and around the Calgary, AB area, we know a thing or two about used cars and their trade-in value. If you're looking to trade in your vehicle but are unfamiliar with the process, Bow Mitsubishi will gladly fill you on everything worth knowing about it. Read on for a quick guide to trade-in vehicles and how their value is assessed.

Firstly, What's My Car's Trade-In Value?

Trade-in value is essentially what a dealership - ours included - will pay for your current vehicle. While this figure acts as a sales price, it can also be put toward your next purchase and provide some financial breathing room for a down payment.

How Much is My Car Worth?

You can obtain your car's market value with our online trade-in assessment tool. With the help of Kelley Blue Book, you can determine how much your vehicle is worth in short order by entering your make, model, and year. While trade-in estimates act as a great starting point, several factors such as mileage and the vehicle's condition will play a significant role in its final worth. Therefore, we recommend cleaning your car and getting it serviced before scheduling an inspection with our dealership.

When Should I Trade In My Car for Maximum Value?

Unlike real estate, a car's value decreases over time, which is why it's best to trade it in before it reaches 100,000 km in mileage. That said, the figure on the odometer becomes less of a factor if you regularly treat your vehicle to some TLC. As for what time of year is best to bring us your trade-in, late winter is usually a great time to find deals on outgoing models that have yet to hit the road.

How Do Dealerships Determine Trade-In Value?

Aside from mileage, maintenance history, and overall condition, our dealership will consider another pair of factors when assessing your trade-in value. One is popularity, or how quickly the vehicle can be re-sold, the other is whether our fleet already houses several cars similar to yours. If you intend to trade in a popular, well-maintained model, there's a good chance we'll find a place for it on our lot.

For more on trade-in value and how you can work it into your next purchase, feel free to contact us at Bow Mitsubishi today.