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!

More From Mike Murphy Ford

  • 2022 Ford Escape Interior

    The all-new Ford Escape has a lot to recommend it, boasting powerful capabilities in a compact frame. Hit the roads of Peoria in style and safety with features like all-wheel drive, selectable drive modes, and a strong towing capacity. One of the highlights of the new Ford Escape is its sleek interior cabin, representing the…

  • 2022 Ford Explorer Interior

    The Ford Explorer full-size SUV is back for 2022, and among its most impressive features is a roomy interior cabin with several different seating arrangements available. If you need to max out the passenger capacity, you can comfortably seat up to seven passengers across three rows, with every passenger getting plenty of head- and legroom….

  • 2022 Ford F-150 Lightning Specs

    As the flagship of the Ford lineup, the Ford F-150 is one of America’s most iconic and recognizable pickup trucks. Now, it’s getting a revolutionary upgrade in the form of the Ford F-150 Lightning, a fully-electric pickup that retains everything you love about the F-150 while adding a whole new range of benefits. These include…

Get Directions

565 West Jackson Street, Morton, IL, 61550


Your garage is empty.
Save some vehicles to get started!
Mike Murphy Ford 40.615312, -089.462684.