How to Trade In a Car

Dreaming of upgrading your West Bloomfield commutes with a luxurious new Mercedes-Benz? Trading in your current vehicle can make your next purchase more affordable or create some extra funds to opt into exciting feature upgrades. But if you’re new to the process, you may be unsure of how to trade in a car. The finance team at Mercedes-Benz of Bloomfield Hills provides everything you need to know in our guide down below!

Determine Your Trade-In’s Value

The first step for how to trade in your car is to determine its value. At Mercedes-Benz of Bloomfield Hills, we’ve made it easy to complete this step from the comfort of your home in Southfield! Head over to our online value your trade tool, where you’ll be prompted to provide the year, make, and model information for your old car. We’ll also need your name, email, phone number, and some final information about the overall condition of your car. Upon submitting your information, you’ll receive the estimated value of your trade.

Prefer to continue your research and retrieve more than one estimate? You can consult Kelley Blue Book® Value and Edmunds True Market Value® to compare estimates.

The Appraisal Process

After getting an estimate of your trade-in’s value, you will still need to bring the car in for an appraisal. At Mercedes-Benz of Bloomfield Hills, we’ll first carry out a thorough examination of the interior and exterior of your vehicle. Then, we’ll review our current pre-owned inventory to help determine the probability that your trade-in will sell with us. As a reminder, you will want to bring along any trade-in offers you may have received thus far so our team can refer to them when we make our official offer.

Make Your Decision to Negotiate or Accept the Offer

Now is the time to decide whether you feel you were given a fair offer you would like to accept, or if you would prefer to negotiate a bit. In either case, the process will be straightforward when you work with a dealership like Mercedes-Benz of Bloomfield Hills, and you shouldn’t feel pressured to accept the first offer you’re given. This is just one of the benefits of trading in with a dealership; others include:

• After learning how to trade in your car, don’t underestimate your negotiating power. Your first offer is often flexible and can be haggled up if you’ve done your research to see what your car has sold for elsewhere. Additionally, if you’ve always been diligent about maintenance or recently made an investment like a brand-new set of tires, you could try using it to your advantage.

• If you ower more on your vehicle than what it’s worth, trading in at a dealership offers the advantage of consolidating what you owe with the price of your next purchase.

When you do reach the point of accepting an offer, you can choose to finalize the value for cash or apply the value to your new car.

Get a Fair Trade-In Value at Mercedes-Benz of Bloomfield Hills

At Mercedes-Benz of Bloomfield Hills, we take pride in offering a fair value for your trade-in straight away. If you have any additional questions about trading in with us, how to refinance a car loan, or would like more information on the new vehicle you’re interested in, please contact us. In addition to the savings you can secure when you trade in at our showroom near Birmingham, we offer a rotating selection of new vehicle specials with competitive prices!