How to Trade In a Car

man with car documents outside

Want to offset the cost of your new Ford purchase? Consider trading in your current vehicle to contribute to your down payment! When you trade in your car at Mike Murphy Ford near Peoria, you also avoid the hassle of pricing and selling the car independently. Unsure how to trade in your car? Our finance team is here to help! Follow the steps in this guide to ensure that you receive the best trade-in offer possible in the East Peoria area.

1. Value Your Trade

First and foremost, you will need to determine the value of your vehicle to start the trade-in process. The Value Your Trade tool from Mike Murphy Ford allows you to quickly and easily find out how much your vehicle is worth. Enter the following information:

  • Make
  • Model
  • Year
  • Vehicle Identification Number (VIN)
  • Personal details (name, email, phone number, etc.)
  • Vehicle condition

Once you submit this information, you will receive an estimated value of your car. You can also get estimates from other online resources, such as  Kelley Blue Book® Value and Edmunds True Market Value®.

2. Get an Appraisal

Equipped with your trade-in estimate, visit our Ford dealership in Morton for an appraisal. Our team will look more closely at your vehicle’s condition, and we will also assess its sellability within our current used inventory. We will also factor in your trade-in estimate during the appraisal process.

3. Negotiate or Accept a Trade-In Offer

Since you’re working with a Ford dealership, the process is simple, and you won’t get the run-around. When the appraisal is complete, we will provide you with an offer, which you can negotiate or accept outright to close the deal. Negotiation, in particular, isn’t commonplace among many Pekin-area used-car retailers, but with us, you can use your research to your advantage. Plus, we can consolidate what you owe on your current vehicle with the price of your new car if you’re upside down on your auto loan.

Once the offer is sorted out and you have accepted, we will finalize your trade for cash or apply the value toward your next car purchase.

Trade In Your Car at Mike Murphy Ford!

Don’t hesitate to reach out to Mike Murphy Ford if you have any questions about the trade-in process or would like to schedule an appraisal. In addition to your trade-in value, our new vehicle specials will certainly help you save on your next car purchase. We can’t wait to work with you!

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