Determining your car’s trade-in value isn’t as simple as checking its mechanical and cosmetic condition. Factors like the vehicle’s mileage, look, and included features determine how much your vehicle will net you at trade-in. The Keyes Lexus experts walk you through the factors we take into account when calculating your trade-in value.
Age and Mileage
Mileage is one of the chief determinators in what your vehicle is worth when you trade it in. The reading on your odometer gives our dealers an idea of how worn the vehicle has become over its lifespan. Age is another thing to consider; the older your vehicle is, the less intrinsic value it has—even if it’s been properly maintained.
Mechanical and Physical Condition
Next, our dealers will inspect your vehicle’s condition to see what kind of shape it’s in. This includes test-driving the car to look for any mechanical problems that could affect the resale value. We’ll also give your vehicle a thorough examination for cosmetic problems, including dents, scrapes, faded paint, and any other required body work.
Market Demands
Some factors that determine your car’s trade-in value aren’t the result of your vehicle itself. The auto market fluctuates day to day based on which models are currently available and what customers are looking for. We may be looking for a specific model or cars with unique features to meet market demand, so your vehicle’s value may change if you have what we’re looking for.
Learn About Your Car’s Trade-In Value in Van Nuys, CA
The best way to understand your vehicle’s trade-in value is to come in for an estimate. Bring your vehicle to Keyes Lexus today to learn about its trade-in value or explore your options for new models.
