Why You Must Shop Your Trade-In to Multiple Dealers
Most car buyers lose out hundreds, if not thousands of dollars when they trade in their car. Why? Because they don't take the time to figure out what their car is worth beforehand. Dealers know this, and they have specific tactics to make you think you're getting a good deal when in fact you're getting ripped off.
The only way to know the true value of your used car is to shop it around to dealers.
This process does take some time - usually about half a day - but it's worth it. Most people are lazy and can't see that half a day's work may result in a week's pay.
If you don't find out what your car is worth before you try to trade it in, how do you know if you're getting a fair price for it? It's impossible. This is why there's so much money that could be saved during this process - most car buyers just don't want to deal with the hassle.
If someone paid you $1,000 to call and visit a few dealerships, most of you would take that offer. Why not do it when you actually have the opportunity?
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and NADAGuides are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid