How to Trade In a Car

Have you been thinking about selling your current vehicle to make some room in your budget and your garage for an upgrade? Whether or not you’re looking at a new Cadillac for your next ride, the team at Hendrick Cadillac Cary is here to help you learn how to trade in a car for a great price in the Morrisville area. Find everything you need to know in the guide below, then visit our dealership in Cary for an appraisal!

First, Estimate the Value of Your Trade-in Car

When you’re learning how to trade in your car, the best place to start is to estimate the value of your trade. To keep things simple and streamlined, Hendrick Cadillac Cary provides an online car trade-in calculator right here on our website. Simply enter the year, make, and model of your trade, then provide some contact information so our team can reach you for the next steps. When you submit your form, you’ll be able to see your estimated trade-in value in seconds!

You may want to compare your estimate to other resources like Kelley Blue Book® Value and Edmunds True Market Value®. You’ll typically find very little difference in their estimates, provided that you’re inputting the same information across all platforms. Still, using multiple trade-in valuation resources can sometimes be a helpful negotiation tool.

Visit the Dealership for an Appraisal

After estimating your trade-in’s value, it’s time to head to the dealership for your official appraisal! At Hendrick Cadillac Cary we’re happy to do same-day appraisals, so you can stop by on your way home from Apex whenever it’s convenient. Of course, you’re also welcome to contact us for an appointment if you’d prefer to have everything ready to go when you get here.

When you arrive for the appraisal, our team will inspect your vehicle and test its performance before weighing it against our current nationwide pre-owned inventory to determine how much it could sell for. If you have received any trade-in offers from other local institutions, please bring those along as well so we can reference them and make a competitive offer.

Negotiate or Close Out the Deal

After you’ve had your vehicle appraised and received an official offer, you can choose to negotiate or accept the offer and close out the deal. In any case, it’s a straightforward process that won’t take long at all—one of the main advantages of trading in your car vs. selling it privately. Everything can be done in one trip to our dealership, but that’s not the only benefit you’ll enjoy:

• When you’re trading in at the dealership, you can explore leasing and financing options for your next vehicle during the same appointment. That way, there’s no delay between trading in your current car and securing the keys to your new one!
• Your trade-in offer can be applied directly to your next purchase, enabling you to make a larger down payment.
• If your trade-in car has a remaining loan balance on it, you can consolidate the balance into a new loan at the dealership.

Learn More About Trading in Your Car at Hendrick Cadillac Cary

Have some lingering questions about how to trade in your car? Give us a call at (919) 342-8209 and we’ll be happy to help! Or, visit our dealership near Durham if you’re ready to jump into the trade-in process. In addition to competitive trade-in offers, our dealership also provides rotating new Cadillac specials to help you save on your next purchase.