Trade-in Value

Used car trade-in values are what you can expect to get from a car dealership when you sell your current vehicle as part of the down payment on a new vehicle.

If the seller does not want to buy another car, they can opt to sell their car outright at a dealership rather than trading it in.

Trade-in values are based on a variety of factors, including your vehicle’s age, make, model, condition, options, mileage, and more. Because the dealership intends to resell the vehicle and needs to recoup the money it paid the seller in order to make a profit on the deal, this value is typically lower than other used vehicle values, such as private party resale values.


Start rounding up and saving to pay down your car loan faster