Q&A: Used Vehicle Market Value

What's My Car's Trade-In Value?

Simply put, your car's trade-in value is the final sales price you'll determine with our staff's help before we take it off your hands. We can either buy the vehicle back from you outright at the agreed-upon price, or if you prefer, we'll be happy to work the sales price into your next purchase agreement as a way of lightening your financial load.

 

 

How Much Is My Vehicle Worth?

To determine your car's used market value, start by filling our online trade-in form or consulting Kelley Blue Book. All you'll need to do is enter a handful of your vehicle's particulars to obtain its estimated trade-in value, after which you'll be free to visit us at Fairway Honda. We'll work with you to settle on a final price, all while offering you the convenience of selling your current vehicle and finding your next one in the same place.

How Do Dealerships Determine Trade-In Value?

Trade-in value depends on your vehicle's condition, mileage, and maintenance history, but dealerships must assess other factors before settling on a final price, including the model's popularity and the current supply both on the lot and the market overall. Dealerships will also look at how easily they'll be able to resell your vehicle and conduct their own inspection to get a full picture of its condition. When you bring your trade-in to Fairway Honda, we'll work with you to determine a final price that suits both parties before guiding you through your next purchase of one of our models.

For more on how we can help you with your trade-in, contact us today, and we'll gladly assist you.