Trade In Value
How A Dealership Decides Trade-In-Value
At Brickell Honda, we take pride in offering our customers trade-in values that are competitive and fair. We understand the importance of getting top-dollar for your trade-in, which is why we consider a variety of key factors when determining its value.
If you’re wondering how to get the best trade-in value for your Honda, keep in mind that we take more than just your year, make, model, and trim into consideration. In this article, we will share our top three factors and how they impact the trade-in value of your vehicle at our Miami Honda dealership.
3 Factors that Determine Your Honda’s Trade-in Value
One of the most critical factors we use to determine your trade-in value is your vehicle’s condition. If you’ve kept up with your car’s routine maintenance schedule and it’s in good working order, you’ll see this reflected in the trade-in value. Conversely, if your vehicle is in need of repairs and has cosmetic damage, this will be taken into account as well.
Fortunately, the condition of your vehicle is something that you can improve, so be sure to take it in for any necessary repairs. However, we do recommend bringing it in first to get an estimate of the trade-in before and after repairs. This way, you can determine if it’s worth repairing or not.
The Condition of the Vehicle
As the owner of a Honda, you’re already ahead of the game when it comes to trade-in value. Hondas, particularly Civics, CR-Vs, Odysseys, and Accords, are known for their reliability, which means they hold their value well over time.
However, your vehicle’s specific year, make, model and trim will still impact its overall trade-in value. Newer, higher-end or fully-loaded models will always trade in for more than an older, base model. A limited-edition trim or a model with unique features will also earn you a higher trade-in value.
Custom Features and Accessories
If you’ve added any custom features or aftermarket accessories to your vehicle, they could positively or negatively impact your Honda’s trade-in value.
Customizations that improve your vehicle’s functionality or performance may increase its trade-in value. Conversely, any unique or drastic modifications that appeal to only a small group of buyers will often lower your trade-in value.
Trade Your Car in at a Miami Honda Dealership Near You
If you’re looking for a Miami Honda dealership with competitive trade-in values, visit us at Brickell Honda. We’ll help you get a fantastic trade-in value so you can put it towards the lease or purchase of your new Honda.
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What key factors have the greatest impact on the value of your trade-in? Here’s how the experts at Brickell Honda determine what your used car is worth.