Questions To Ask During The Car Appraisal Process
If you want to use your current vehicle's value to help you put a down payment on your new car, you will need to get your vehicle appraised. The appraisal process is complex, and it can be difficult to understand what goes into valuing your car. Here are some tips and questions to ask during your car appraisal at your local Montgomeryville, Pennsylvania Honda dealership.
What Factors Determine My Car's Value?
There are a lot of factors that go into determining the value of your vehicle. Knowing what these factors are will help put your mind at ease and trust you are getting the best value for your car.
When someone at a car dealership is appraising your car, these are the things they most often consider.
First, the mileage of your vehicle plays a significant role in how much it is worth. The higher the mileage on your car, the higher the wear and tear on the vehicle's powertrain components.
The engine, transmission, and driveshaft are all expensive to repair and replace. If these components have too many miles on them, the appraiser will lower the car's value to make up for the repair costs.
Next, an appraiser will look at the frame of your car. The frame provides structural integrity for your vehicle. When your car’s frame is damaged in any way, it could affect your vehicle's overall health.
After an appraiser looks for any frame damage, they will see if you have any water damage. Water damage can cause mold to grow in the upholstery of your car. If water damage gets down to your undercarriage, it will cause rust, which will need significant repairs to get your vehicle back in working order.
Finally, the accident history report will always be reviewed when you bring your car in for an appraisal. The accident history report shows the appraiser how many accidents your vehicle has been in and what the damage looked like.
The appraiser is primarily looking for any signs of frame damage in the accident history report.
Is There Anything I Can Do to Help Improve My Resale Value?
If you want the best value for your trade-in, you can do things before the appraisal process to help your car’s value.
First, while getting your car washed and cleaned will make a good first impression for an appraiser, it will not have any lasting effect on your vehicle's value. A dealership mainly cares about the long-term maintenance you performed on your car.
Take good care of your tires. It does not matter whether you have premium tires; as long as you are taking care of the tires, you will see a good boost in your resale value. You can ensure your tires last longer by having them rotated every time you go to get your oil changed,
Keep your brakes in pristine condition. Replace your brake pads every 30,000 miles. When it is time to replace your brake pads, replace them with brake pads made of semi-metallic or ceramic material.
To better improve your resale value, conduct regular maintenance starting when you buy your vehicle. You can do this by getting your oil changed, replacing the coolant in your system, and getting new air filters for your engine and cabin.
Also, do not let minor problems build up. When you notice an issue, get it fixed immediately. The better you take care of your car during its lifetime, the higher its value.
How Can I Make the Appraisal Process Run Smoothly at the Montgomeryville, Pennsylvania Honda dealership?
One way you can make the appraisal process more pleasant for yourself and the dealership is by being prepared. One of the best ways to come to the dealership equipped is by having all the necessary paperwork and items ready to go.
Here is what we recommend you have with you before arriving at the dealership. Before you can sell us your car, you will need to present us with the title of your vehicle or any payoff information. We will also need to see a valid photo ID of anyone who is listed on the title.
Finally, having all your keys and remotes with you at the time of the appraisal will save you time when it comes to selling your vehicle.
If you are interested in trading your car in and purchasing a new one, you can get an estimated value of your vehicle while at the same time shopping for your new car at the JL Freed Honda website.