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Car Tips: Myths & Facts About Trading-in Your Car by PPSL BMW

Myths vs. Facts About Trading-in Your Car


By PPSL / Cars / Nov 24, 2017


Family and friends have plenty of sound advice to offer when it comes to trading- in your car for a better value. While some advice is based on solid fact, there are others that are outdated, misunderstood or just plain myths. Here we separate the myths from facts to make your car trade-in experience easier and smoother.

 
 

Car Grooming

 
MYTH! A sparkling clean car will get you a better trade-in value.

THE FACT IS... while a last-minute clean-up could create a good impression, it may not add to its value. However, a car that is regularly well-maintained would help to get a better price from dealers. Make sure your car is always free from rubbish, pests, stains and odours. Keeping your car in a good condition will pay off when it's time to trade-in.

 

Visible Body Damages

 
MYTH! Any scratch or dent on the car would lower its trade-in value.

THE FACT IS... it depends. If the visible damage under close inspection is only a few minor scratches, then its trade-in value shouldn't be affected. However, deep scratches and visible body damage from collisions or accidents would impact your car's value, as major and costly repairs would be needed to ensure the car is structurally safe and roadworthy.

 

Model Specific

 
MYTH!Only popular car models can get a better trade-in price.

THE FACT IS... popular models do see a higher demand in the resale market. Some may even fetch a better trade-in price but not necessarily always. This is because the popularity of any car model tends to rise and fall. A better gauge for high trade-in value would be low mileage and good vehicle condition.

 

Car Modifications

 
MYTH! Premium modifications and accessories improve the car's resale value.

THE FACT IS... not everyone shares the same preferences, so modifications may actually lower your car's resale value. Aftermarket accessories and performance parts can cause potential buyers more concern with its high maintenance costs as well as having to remove the modifications at their own expense.

 

Quick Repairs

 
MYTH! Mechanical patch-up jobs to improve the car's performance can fetch a better price.

THE FACT IS... it depends. A quick cosmetic touch-up to repair malfunctioning mechanics and electronics can help you to get a better trade-in value, but only if done properly! Poorly-done repairs may adversely affect your car's resale value and should the damage become irreversible, you could end up with a lower trade-in value than before any repairs were made.

Family and friends have plenty of sound advice to offer when it comes to trading- in your car for a better value. While some advice is based on solid fact, there are others that are outdated, misunderstood or just plain myths. Here we separate the myths from facts to make your car trade-in experience easier and smoother.

 
 

CAR GROOMING

 
MYTH! A sparkling clean car will get you a better trade-in value.

THE FACT IS... while a last-minute clean-up could create a good impression, it may not add to its value. However, a car that is regularly well-maintained would help to get a better price from dealers. Make sure your car is always free from rubbish, pests, stains and odours. Keeping your car in a good condition will pay off when it's time to trade-in.


Visible Body Damages

 
MYTH! Any scratch or dent on the car would lower its trade-in value.

THE FACT IS... it depends. If the visible damage under close inspection is only a few minor scratches, then its trade-in value shouldn't be affected. However, deep scratches and visible body damage from collisions or accidents would impact your car's value, as major and costly repairs would be needed to ensure the car is structurally safe and roadworthy.


Model Specific

 
MYTH! Only popular car models can get a better trade-in price.

THE FACT IS... popular models do see a higher demand in the resale market. Some may even fetch a better trade-in price but not necessarily always. This is because the popularity of any car model tends to rise and fall. A better gauge for high trade-in value would be low mileage and good vehicle condition.


Car Modifications

 
MYTH! Premium modifications and accessories improve the car's resale value.

THE FACT IS... not everyone shares the same preferences, so modifications may actually lower your car's resale value. Aftermarket accessories and performance parts can cause potential buyers more concern with its high maintenance costs as well as having to remove the modifications at their own expense.


Quick Repairs

 
MYTH! Mechanical patch-up jobs to improve the car's performance can fetch a better price.

THE FACT IS... it depends. A quick cosmetic touch-up to repair malfunctioning mechanics and electronics can help you to get a better trade-in value, but only if done properly! Poorly-done repairs may adversely affect your car's resale value and should the damage become irreversible, you could end up with a lower trade-in value than before any repairs were made.

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Myths vs. Facts About Trading-in Your Car


By PPSL / Cars / Nov 24, 2017


Family and friends have plenty of sound advice to offer when it comes to trading- in your car for a better value. While some advice is based on solid fact, there are others that are outdated, misunderstood or just plain myths. Here we separate the myths from facts to make your car trade-in experience easier and smoother.

 
 

Car Grooming

 
MYTH! A sparkling clean car will get you a better trade-in value.

THE FACT IS... while a last-minute clean-up could create a good impression, it may not add to its value. However, a car that is regularly well-maintained would help to get a better price from dealers. Make sure your car is always free from rubbish, pests, stains and odours. Keeping your car in a good condition will pay off when it's time to trade-in.

 

Visible Body Damages

 
MYTH! Any scratch or dent on the car would lower its trade-in value.

THE FACT IS... it depends. If the visible damage under close inspection is only a few minor scratches, then its trade-in value shouldn't be affected. However, deep scratches and visible body damage from collisions or accidents would impact your car's value, as major and costly repairs would be needed to ensure the car is structurally safe and roadworthy.

 

Model Specific

 
MYTH!Only popular car models can get a better trade-in price.

THE FACT IS... popular models do see a higher demand in the resale market. Some may even fetch a better trade-in price but not necessarily always. This is because the popularity of any car model tends to rise and fall. A better gauge for high trade-in value would be low mileage and good vehicle condition.

 

Car Modifications

 
MYTH! Premium modifications and accessories improve the car's resale value.

THE FACT IS... not everyone shares the same preferences, so modifications may actually lower your car's resale value. Aftermarket accessories and performance parts can cause potential buyers more concern with its high maintenance costs as well as having to remove the modifications at their own expense.

 

Quick Repairs

 
MYTH! Mechanical patch-up jobs to improve the car's performance can fetch a better price.

THE FACT IS... it depends. A quick cosmetic touch-up to repair malfunctioning mechanics and electronics can help you to get a better trade-in value, but only if done properly! Poorly-done repairs may adversely affect your car's resale value and should the damage become irreversible, you could end up with a lower trade-in value than before any repairs were made.

Family and friends have plenty of sound advice to offer when it comes to trading- in your car for a better value. While some advice is based on solid fact, there are others that are outdated, misunderstood or just plain myths. Here we separate the myths from facts to make your car trade-in experience easier and smoother.

 
 

CAR GROOMING

 
MYTH! A sparkling clean car will get you a better trade-in value.

THE FACT IS... while a last-minute clean-up could create a good impression, it may not add to its value. However, a car that is regularly well-maintained would help to get a better price from dealers. Make sure your car is always free from rubbish, pests, stains and odours. Keeping your car in a good condition will pay off when it's time to trade-in.


Visible Body Damages

 
MYTH! Any scratch or dent on the car would lower its trade-in value.

THE FACT IS... it depends. If the visible damage under close inspection is only a few minor scratches, then its trade-in value shouldn't be affected. However, deep scratches and visible body damage from collisions or accidents would impact your car's value, as major and costly repairs would be needed to ensure the car is structurally safe and roadworthy.


Model Specific

 
MYTH! Only popular car models can get a better trade-in price.

THE FACT IS... popular models do see a higher demand in the resale market. Some may even fetch a better trade-in price but not necessarily always. This is because the popularity of any car model tends to rise and fall. A better gauge for high trade-in value would be low mileage and good vehicle condition.


Car Modifications

 
MYTH! Premium modifications and accessories improve the car's resale value.

THE FACT IS... not everyone shares the same preferences, so modifications may actually lower your car's resale value. Aftermarket accessories and performance parts can cause potential buyers more concern with its high maintenance costs as well as having to remove the modifications at their own expense.


Quick Repairs

 
MYTH! Mechanical patch-up jobs to improve the car's performance can fetch a better price.

THE FACT IS... it depends. A quick cosmetic touch-up to repair malfunctioning mechanics and electronics can help you to get a better trade-in value, but only if done properly! Poorly-done repairs may adversely affect your car's resale value and should the damage become irreversible, you could end up with a lower trade-in value than before any repairs were made.

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