Used Car Value – The Best Way to Determine Yours

Used Car ValueOften, when you need to buy a car, you must sell the one you are currently driving. Typically, you have two options, selling it on your own or trading it in. Whichever you choose, you will have to determine the used car value of your vehicle. This may cause some automobile owners difficulty. After all, the appraisal of your car should be based on the current market for used cars, not sentimental value. While most dealerships take trade-ins, Peters Auto Mall is one that you can trust for maximum trade-in value.

Peters Auto Mall loves to take trade-ins. Started in 1993 by Kevin and Angie Peters, we have sold over 20,000 automobiles.  That means our staff knows cars inside and out so we can give you top dollar for your trade-in. Additionally, we have a huge inventory of vehicles with our no-haggle pricing, so you never have to negotiate a price. Plus, we have many financing options even if your credit score is low. We want you to have the best-used car buying experience ever.

Trade-in Your Vehicle or Sell It Privately

While it is possible to sell your vehicle for more money privately, this does entail more work on your part. First, you have to advertise, which may incur an expense. There are free online listing websites; however, these are known to attract scammers and spammers. So, you need to be extra careful about your privacy when using these sites.

When you sell it on your own, you may have to wait weeks or months before it sells. This is especially true if your car doesn’t have the options the market desires. The best type of car to sell privately is a popular model that has what shoppers want. Moreover, it must be in excellent condition, with low mileage and you must have all the maintenance receipts.

Plus, you take personal security and legal risks when selling it on your own. First, you must meet with strangers and you then get into the car with them to test drive it. Secondly, if the buyer feels you misrepresented the car, you may find yourself in court.

There are several great benefits when you trade in your vehicle at the dealership. To begin with, they’ll accept any car in any condition. Generally, even an automobile in bad condition can still find use at auction for its parts. Best of all, it takes only a few minutes to trade it at the dealer. Sign a few forms and the dealership takes care of the rest.

How to Price Your Old Vehicle

No matter how you decide to dispose of your old automobile, you still need to come up with a value. This price should not be set on what you think your vehicle is worth but what the current market assesses. There are some great online tools to start with, like Kelley Blue Book and Edmunds. Both are long-established trusted companies. Nevertheless, these are starting points, you must get a physical appraisal of your car to get its full worth.

Peters Auto Mall also has an online estimator of your car’s worth. Once you’ve gotten your estimate, bring your vehicle down to us anytime. You never need to make an appointment.  One of our appraisers will conduct a thorough inspection in order to give you top dollar for your trade-in. When we do an appraisal of your automobile, there are several items we’ll take a look at:

  • Year, mileage, make, and model
  • Exterior and interior condition
  • Tires
  • Windshield
  • Condition of engine and transmission
  • Frame and flood damage
  • Options, features, and modifications
  • The vehicle’s history report

Then, in as little as 12 minutes, we’ll have an offer for you. And our offer is good for 7 days, so you can go home and think about it without any pressure.

When you’re ready to trade in your car, you’ll need to bring some documents with you. These are your car’s title and/or payoff information, valid current registration, driver’s license and all remotes and keys.  Having these items with you assures completion of the transaction.

Dealerships That Give You the Best Used Car Value

All things considered, it’s a lot less hassle to trade in your old vehicle than selling it on your own. When searching dealerships that give you the best-used car value for your vehicle, trust Peters Auto Mall. Our experienced appraisers undergo training to ensure you get top dollar for your trade-in.

Combined with our huge inventory of pre-owned vehicles, financing options, and outstanding maintenance department, we’re your headquarters for used cars. So, give us a call today at 336-434-1600 and let us give you top dollar for your trade-in. Or, visit us at one of our locations in either High Point or Greensboro.