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Want to
Trade?
When trading
in your used car you often don’t really
have a grasp on what it is you currently
possess. When you go to a dealership to
turn it in against a new car loan, again,
you don’t usually have a real idea of what
they should be offering you for your car.
Many people make the mistake in believing
that either their car is not worth much,
or it is worth whatever the dealer tells
them it is worth. This is obviously not
the way that you want to do business,
especially when usually the amount of
money you get for your car will go towards
making your next car loan less money.
The best thing you can do before you go to
a dealership is look at the Kelley Blue
Book value of your used car. This way you
have a true idea of what your car is worth
before you head on over to the dealership
to make a deal. Sometimes it is the
opposite, and people think their car is
worth what they paid for it, or
substantially more than what it is
actually worth. The Blue Book will tell
you what your car is worth so that you
don’t end up surprised when they make you
an offer that you were not expecting.
You can go to the actual book, or to the
site, and see how much your car is worth.
If you go to their site, they will ask you
questions about your car which will help
you determine what kind of condition it is
in, and therefore what it is worth. Then
when you go to the dealership you know how
much money you are expecting from them,
and can bargain with them for that amount
to come off of your auto loan.
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January 2008
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