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Value Your Trade
Thinking about trading in your vehicle? Your vehicle has never been worth more! In just two steps and 10 seconds, you can find out exactly how much your vehicle is worth in today’s local market and skip the tireless research process and guesswork. Just enter your Year, Make, Model and Trim below to get started.
What is the Trade-In Value of My Car?
If you’re wondering, “What is my used car worth,” the answer is just a few clicks away! Using
our handy Value Your Trade calculator, you can get an estimated car trade-in value from the
comfort of your home or office. Simply input some information about your car into the trade-in
value calculator and your contact information, and you’ll have an estimate right away. See the
market for your car today. We give great value and want you to look at the same data we do to
determine what your car may be worth. If you’d like to do additional research, you can cross-
reference using popular resources, such as Canadian Black Book and AutoTrader. Keep in mind,
there are a few factors that affect trade-in value, including mileage, Mechanical condition, Car
features, Exterior/Interior condition, Market Landscape
How Do You Trade in a Car?
After you’ve received your trade-in estimate, it’s time for an appraisal of your vehicle!
Our Calgary dealership can take this step for you. We’ll examine your car's condition and ensure it’s a good fit for our used car inventory. When you visit for your car’s appraisal, be sure to bring your trade-in estimate!
Once we’ve examined your car, you can negotiate or accept our offer and finalize the sale. We pride ourselves on offering the fairest possible offer on trade-in vehicles, aiming to make the trade-in process transparent and simple. In fact, there are a couple of major advantages to trading in your car to a dealership, including:
- You can haggle at a dealership. We encourage our customers to always do their own research to make sure they’re getting the most reasonable trade-in offers.
- With a dealership, you can trade in a car you still owe on. If you’re upside down on your car loan, you can consolidate what’s owed on your current car with the price of your new ride.
Value Your Trade-In: FAQs
Yes, you can. If you have positive equity on the car (as in it’s worth more than what you currently owe), you can trade it in easily. The dealer will purchase the car and pay off the loan, then they’ll put what’s left toward the new vehicle price, giving you a major advantage. If you have negative equity on the car (as in it’s worth less than what you currently owe), the dealer may still buy the car and pay off the loan, but the difference will be rolled into your new car loan — meaning you’ll still need to pay it off eventually.
There’s no time limit that’s set in stone, but it’s a good idea to wait until you have positive equity.
Being “upside down” on a car loan is the same thing as having negative equity. If, for example, you owe $30,000 on a car that’s worth $25,000, you have negative equity.
If you still owe money on the car, you can trade it in for a cheaper one. If, for example, you owe $15,000 and the car is worth $20,000, the dealer can purchase the car as a trade-in, pay off the loan, and put the $5,000 toward your new auto loan as equity. If you don’t owe money on the car and own it outright, there’s nothing stopping you from trading it in for a cheaper car; you can do what you’d like with it.
Make Stampede Auto Your Automotive Partner Today!
If you have questions about how to trade in a car that is paid off, or how to get the best possible offer, don’t hesitate to contact us online or give us a call at 403-888-8174. While you’re here, be sure to browse our current new and pre-owned car specials to start shopping for your next great offer!
Award-winning, family owned car dealership of pre-owned vehicles with several locations across the city. Lowest prices and the best customer service guaranteed.