The Chevrolet company has been in business for more than 100 years and is one of the world's best-known car brands. The Chevrolet models have also been well-designed over the years which means that they will last you a long time. This article will discuss how to determine what your Chevy's resale value is after it has been used for 3-5 years with some tips on ways to increase its resale value when you bring it into our used Chevrolet dealership in New Ulm. Here are 3 tips for you to get the most out of your Chevy when you decide to sell it again.
1) Wash and maintain your Chevy
Dirt and grime are not Chevy's best friends, so give them the attention they deserve. Keeping up on your washes over time will ensure you keep your parts functioning smoothly and avoid extra costs from parts and bodywork. Always keep up with routine maintenance and repairs - this will show up in your vehicle’s history record that potential buyers can see. A Chevy that’s not been maintained is a red flag and can significantly bump your resale value down.
2) Check your Chevy from front to back for any scratches or dents that may affect its appearance.
There are several do-it-yourself "DIY" tips you can get from YouTube for fixing scratches and dents. If you take some time to do this, your resale value will go way up. Bodywork runs a large cost that you could end up saving yourself. You want every inch of your Chevy to be looking great before you sell it again.
3) To get an idea of what other Chevys in similar condition are selling for, take a look online.
Look at the same year and model selling in your province. Be sure to compare if it has been in an accident, kilometers difference, body, and trim model. This will help you determine how much time and money is needed for restoring your Chevy if necessary, as well as getting some ideas about the pricing range.
Remember that a dealership has overhead so if you are looking to use your vehicle for a trade-in, expect to lose anywhere between 1-3 thousand. This money that you lose is lost by the dealership. No matter how clean you’ve kept your vehicle and engine, your vehicle will need thorough detail as well as an inspection.
If your tires are low or your brakes are close to finished, the dealership has to incur the costs of parts, labor, and the 2-3 hour initial inspection for road safety. The vehicle needs to make the dealership a profit, so the vehicle will be put on the market for the retail price you saw it for. The trade-in price is not the same as the retail price. Expect 1-3 grand less than the retail price when you decide to trade-in with your dealer.
If you decide to sell your Chevy on the private market, you might be able to get closer to retail for your vehicle, however, you will find buyers will start to heckle and can start as low as a few grand below your asking price.
Wrapping up
There are many unknowns and variables when it comes to selling your car privately. From the people, you will deal with, and the requests you will hear in making a deal. While private sale does have some benefits, trading in your vehicle at a Chevy dealership gives you peace of mind and often a smoother process.