March 9, 2007, Newsletter Issue #81: Trade-in Allowance Savvy

Tip of the Week

Even though the honeymoon might be over for you and your car, it may surprise you to learn that auto dealerships are all-too-happy to court your Cadillac. Even though the salesperson may act indifferent toward your trade, the fact of the matter is that some of the dealerships best profits are realized on reselling cars they take in trade.

To get the most for your trade, clean the car up before you go the dealer and check with online used car pricing guides (such as Kelley Blue Book and Edmunds) to find out what your car is actually worth in trade. Only then can you begin to negotiate intelligently.

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