Should I Fix My Car Before Trading It In?

Everyone wants to get the best trade-in offer possible, which is why many South Sioux City drivers ask us, “Should I fix my car before trading it in?” There are pros and cons to fixing your car that are important to weigh before handing over the keys. The truth is that repairing your vehicle may or may not increase its trade-in value enough to justify the cost of those repairs. We want you to make an informed decision before buying your next new car, so we’ve put together the helpful guide below.

Should I Fix My Car Before Trading It In? Pros and Cons

When determining whether to repair your car before trading it in, two key factors come into play – trade in value and the overall cost to fix the car. Here are some things to consider:

• The less work your current car needs, the higher the trade-in value. Dealerships deduct money from the trade-in value to account for necessary repairs.
• Minor repairs like replacing worn-out brakes or tires likely won’t impact value much. But issues like engine or transmission problems can significantly reduce what you’ll be offered.
• Cosmetic fixes to the exterior and interior can increase value if the cost to repair is relatively low. Keep in mind the repairs should not exceed the potential value increase.
• Shop around for repair estimates and compare them to the potential boost in trade-in value. Avoid sinking more money into repairs than the car is worth.

Should I Fix My Car Before Trading It In? Cost vs. Trade-In Value

Getting an inspection can help you understand what repairs may be needed before visiting dealers. This allows you to strategically fix issues that will net the highest return. Evaluating the overall repair costs against added trade-in value is crucial when deciding whether to fix your car before trading it in. Being strategic with repairs can maximize your value. Some key steps include:

• Get a pre-purchase inspection to identify any mechanical or cosmetic issues. Inspect brakes, tires, and major systems.
• Focus first on any repairs that impact drivability and safety, like brakes. This adds basic value.
• Consider low-cost exterior/interior repairs like paint touch-ups and detailing. These can boost value.
• Avoid engine or transmission repairs unless critical and inexpensive. The cost likely won’t outweigh the value added.
• Ask the mechanic for a repair estimate total and determine if it’s worth completing. Compare the quoted price to the potential boost in trade-in value.

Trade Your Car In at Knoepfler Chevrolet Co. of Sioux City

Ready to explore your new car options? Our team is here to assist with the new car buying process. Come see our inventory of new Chevy models and take advantage of our appraisal team to get the highest value for your trade-in. In the meantime, be sure to check out our helpful car buying tips. We’re just a short drive away from North Sioux City and Dakota Dunes, so drop by or contact us today.