How To Trade In Your Car

How To Trade In Your Car At Malouf Lincoln

It is now easier than ever to find another vehicle that better suits your needs if you have decided it's time to trade in your car. Whether you're in the market for your next pickup truck or eco-friendly sedan, Malouf Lincoln is ready to improve your automotive experience and assist in any way possible. One of the most effective ways to save on your next vehicle purchase and expand your car-buying search is to trade in your current vehicle. Every dollar will count towards your next purchase and make the process easier. So continue reading to learn how to start and make the most of your vehicle trade, and be sure to contact Malouf Lincoln to get started!

Find Out Your Cars Worth

The first and arguably most crucial step in the vehicle trade-in process is to find how much your car is worth. Doing this will allow you to negotiate a better vehicle price and gain more purchasing power when it's time. One of the most accurate ways to find the cost is to utilize our trade-in calculator, which can provide the maximum dollar amount and save unnecessary time spent on other trade-in sites that can depreciate the value of your car. The calculator is simple to use by entering your vehicle's model, trim, and year to receive a personalized market report. Even with this report, it is also important to remember the external factors that impact the final price of it, which is why we suggest getting an appraisal after receiving an estimate.

Get An Appraisal

A vital follow-up step in the trade-in process is to appraise your vehicle. This will allow for a more detailed inspection, guaranteeing you receive the best possible price. Luckily, the experts at Malouf Lincoln can seamlessly search through the interior, exterior, and mechanical elements to maximize the value of your appraisal. Alternatively, you can hire a professional car appraiser. While this method can provide a detailed report, you may be met with additional fees. Nevertheless, this can add value to your vehicle that other inspectors may still need to consider. This step lets you discover critical information about your vehicle's value and leverage your deal to improve your financial outlook.

Collect The Proper Documents

When you have determined the most accurate price for your vehicle, the next step will be to gather all the necessary documents to help assess the value and process the final sale. To facilitate the deal, the following items should be brought:


  • Vehicle Registration

  • Auto Loan Information (If Necessary)

  • Vehicle Title

  • Drivers License

  • Vehicle Key

  • Maintenance Care History


Staying prepared with this item checklist will save you time and money. If you decide to move forward with a vehicle purchase after the trade-in, we advise bringing proof of income, residency, and other items to ensure a smooth purchasing process.

Find The Best Offer

Once the prerequisites to start the trade-in process are completed, it is time to compare all your options and find the best proposal. In most cases, you can save more money when purchasing a car after a trade and may be faced with two outcomes. The first outcome comes from financing a vehicle. If you have a positive equity with the car when trading it, the remaining amount can be put towards the down payment of the following vehicle. However, you may pay the difference out of pocket if your car has negative equity. If this is the case, we recommend waiting until the lump sum is paid out to avoid paying extra fees and repeating the process in the future. Nevertheless, having a leased vehicle ensues a slightly different outcome. While the logic is the same for a financed car, a leased vehicle comes with lease-end costs that can add to the final trade-in offer.

Why Choose Malouf Lincoln?

Trading in your vehicle may sound like a complex process, but the team at Malouf Lincoln will ensure you receive the best experience possible! Our team of automotive experts will seamlessly walk you through the trade-in process, offer outstanding deals, and, most importantly, provide the highest trade-in value for your vehicle! So when you're ready to get started, visit our website to schedule an appointment with one of our team members or visit our dealership today in North Brunswick.

Contact

Malouf Lincoln

U.S. Highway 1 Commerce Blvd
Directions North Brunswick, NJ 08902

  • Sales: (732) 951-0300
  • Service: (732) 951-0400
  • Parts: (732) 951-0500

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