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What to Know About Appraising Your Current Vehicle at Scranton Cadillac of Vernon

You might be aware that your current vehicle's equity can be used as a down payment on your next car. However, you won't know how much your car is worth until you start the appraisal process. If you choose to work with us, we'll help you get started by utilizing our complimentary online tool from the comfort of your Manchester home that can estimate your car's value.

How Does the Tool Work?

All you need to do is input some basic information about your vehicle such as the make, model and model year to get started. You might also need to input the vehicle identification number (VIN) or the license plate number to get a better idea of what your car is worth. This is because it allows the tool to know the location of the vehicle as well as specific information such as what type of engine or transmission it has. Knowing where the car is located is important as local consumer trends might mean that a vehicle is worth more than near Windsor or surrounding areas or vice versa.

What Happens Next?

After you submit the required information, you will receive an estimated trade value or value range. For instance, you might be told that your car is worth $7,000 in a trade or that it might be worth $6,000 to $8,000. You can use this figure as a starting point to help guide you during the vehicle selection process. If you wanted to finance $25,000 or less, knowing that your car is worth $7,000 means that you could potentially spend up to $32,000. That might mean that you have to opt for an SUV at a lower trim level or that you'll need to look for a pre-owned vehicle instead of buying new.

Come by Our Dealership for an Inspection

The primary reason why you need to bring your vehicle to us to confirm your competitive offer is that we can't verify the information that you supplied online. Therefore, we have to see your car, truck or SUV to inspect that it doesn't have any rust or that you actually have two sets of keys. The good news is that it generally only takes a few minutes to appraise your vehicle and confirm the real offer you've received after you bring it to us.

If You Accept Our Offer

If you choose to accept our offer, we will facilitate the rest of the process of completing the trade and the transaction itself. You do not have to accept our offer right away as our offers are typically good for several hours or days. Therefore, you shouldn't feel rushed to make a decision, and simply getting a trade offer does not obligate you to do anything. It's also worth noting that the value of your trade doesn't have any impact on the price that you're charged for your new vehicle. It simply reduces the amount that you'll need to finance after accounting for taxes, fees and other costs. Once you've completed the trade in and financing process, you can take your next model back to your Hartford home.

What You'll Need to Complete the Transaction

We will need a valid title to the vehicle to transfer ownership from yourself to our dealership near Glastonbury. You'll also need a method of transferring the insurance from your current model to the one that you are buying from us. If you have any questions, we'll be happy to answer them before you come see us.

Learn More Online

Our trade process makes it easy to get a fair price for your vehicle in a timely and easy manner. It only takes a few minutes to get a trade estimate online from any device that has an internet connection, whether you're at home or in another location around Springfield, MA. Don't hesitate to contact us online with any questions. We look forward to seeing you at our dealership in Vernon, CT soon.