trade-in value

Trade-in value refers to the amount of money a dealer is willing to give you when you exchange your current vehicle for a new or different one. It’s determined based on the vehicle’s age, condition, mileage, and market demand. Essentially, it’s a way to offset the cost of your new purchase by reducing the amount you need to pay out-of-pocket. Knowing your vehicle's trade-in value helps you negotiate better and understand your options, making the process of upgrading your vehicle more transparent and financially manageable.