One of the best ways to save money on a new car is to part exchange the old one. As long as your old car is in good working order, the dealership will give you a good amount of money off a new one, which gives you more choice and makes it a lot more affordable. But sometimes, people end up getting a lot less than the car is really worth and they don’t actually save that much money. If you get ripped off on a part exchange, you are essentially giving your car away for free at the same time as buying a new one, so it’s important that you know what you’re doing. These are some of the best ways to make sure you get a good deal on your part exchange.
Find An Honest Dealership
Picking the right dealership is absolutely vital. If you go with a shady car dealer that is just looking to make some quick money, they will offer you next to nothing for the car and try to convince you that it’s a great deal. But if you find an honest dealer like Martin Brothers Motor Company that deal in quality cars, they will give you a fair price as long as the car is in good condition. If you go to a dealer and they start looking over the car and coming up with reasons to knock the price down, that’s always a bad sign. Make sure that you do your research and check out the reviews so you can be sure that they are a reliable dealership.
Keep Your Cards Close To Your Chest
If you go into the dealership and let them know that you have a car to part exchange, they will adjust the price of the new car and bump it up. That’s why you need to keep your cards close to your chest when you first go to the dealership. Just tell them that you are interested in buying a car and you want to look. When you have chosen the car that you want and negotiated a price, then you can let them know that you want to part exchange and see what they will offer you. That way, they will have to stick to the price that you negotiated for the new car and you will make some good savings.
Know The Value Of Your Car
When you go into the dealership, it’s important that you are prepared so they can’t try to rip you off. If you have no idea how much your car is actually worth, you won’t know whether the price that they’re offering is good or not. Before you start asking about part exchange, look around some dealerships for your car and see what people are selling it for. That should give you some idea of what your car is worth. You can also get a free car valuation online. It’s important that you know what kind of price you should be expecting before you start negotiating.
As long as you follow these 3 tips, you can avoid getting ripped off when you part exchange your car.