When it comes to trading in your vehicle for your next big investment, it's fair to say you would like the highest amount possible for it right? Most people in the car buying process usually resort to Kelly Blue Book for that estimate.
However it is important to keep in mind how trade in values are determined.
For starters, when it comes to KBB most of the time we tend to think our vehicles are in excellent condition. However that may not always be the case, Kelly Blue Book defines excellent condition as showroom condition. Most of the time with proper care and maitnence you can keep your vehicle at good or even in some cases, very good condition. Keeping it in the best condition you can will help you when it comes to trading in, however there is more to it.
The way trade in value is determined is condition, market demand, as well as the dealership's likelyhood of being able to do something with it post sale. Market demand is usually simplified to the probability of the dealership being able to resell the trade-in in a reasonable amount of time.
There's a lot when it comes to trading in your vehicle but always keep in mind that keeping up with maitnence and keeping it in as good condition as possible will benifit you more come trade in time.
