Signs It’s Time To Trade In or Upgrade in Roanoke, VA

At Berglund Used Car Super Center in Roanoke, VA, we understand how difficult it can be to decide when to trade in your old vehicle for a new one. By timing your vehicle's trade-in or upgrade right, you can maximize your savings and improve your driving experience. You should be aware of the signs that indicate it's time to upgrade or trade in your vehicle.

When Should You Upgrade Your Vehicle?

Frequent trips to the mechanic are a major red flag that it might be time to consider buying a new car. If you find yourself in the garage more often than you would like, purchasing a newer vehicle may be a more cost-effective option. Consider your options if your vehicle no longer meets your needs. If your vehicle's market value is declining or its technology is outdated and no longer meets your needs, it's time to start looking for a replacement.

When Should You Trade In Your Car?

If you want to get the most money out of your trade-in, certain seasons of the year are better than others. Several essential factors to consider include the following:

When Depreciation has Stabilized

A car's value depreciates significantly with age, particularly in its first few years. Depreciation can be particularly harsh on cars that are only a year or two old. Allowing the value to settle for a longer period can be helpful. Be watchful, though. In most cases, when the warranty expires and the technology becomes obsolete, the value plummets dramatically.

Before It Reaches 12,000 Miles

If your trade-in vehicle has accumulated a considerable amount of mileage, its value may decrease. The average annual mileage for a vehicle is roughly 12,000. Because dealerships usually prefer options with fewer mileage, a good time to trade in your vehicle is if it has low mileage.

When Repair Costs Increase

If the cost of repairs has increased significantly in recent years, consider replacing the item. Consider the cost of frequent repairs against the cost of a new or used car.

When Market Value Increases

Analyze current trends in your local market. If your car is not in demand at dealerships, you may not obtain the best value for your trade-in. If demand increases, a higher offer can be made.

When You're Breaking Even

Many believe trading in a car with an outstanding debt is a poor decision. It can be beneficial depending on the situation. If the market appreciates to the point where the value of your car equals or exceeds your outstanding loan amount, you should consider trading it in.

When Gas Prices Increase

If you are concerned about your fuel budget, consider evaluating the size of your vehicle. This is an excellent opportunity to switch to a more fuel-efficient model if it benefits your lifestyle.

Trade-In Your Vehicle at Berglund Used Car Super Center

Berglund Used Car Super Center is the place to visit if you plan to trade in your vehicle in Roanoke, VA. Our staff will guide you through the entire trade-in process and help you select a vehicle that meets your needs and fits your budget.