Indy Auto Man
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Closed. Opens Monday at 9:00 AM
Closed. Opens Monday at 9:00 AM

Auto Trade-in FAQ

automobile trade in, Indy Auto Man Indianapolis

Everything You Want to Know About Auto Trade-in

If you decided to trade in your car in Indianapolis, you probably have doubts about the conditions and the auto dealer to choose. The most difficult choice is when you have two roughly equivalent options in front – a multibrand used car dealership or an authorized one.

We have prepared this trade-in FAQ to help you sort things out and make the right choice.

How Does an Auto Trade-in Work?

car trade-in

In simple words, automobile trade in is an exchange with a surcharge. Having decided to use such a program when purchasing a vehicle, you can come to a dealership in an old car, and after a few hours leave it, sitting behind the wheel of a new one.

The procedure, in this case, is as follows:

  • choose a car dealer and clarify the terms of the program;
  • provide the old car to the experts of the dealership for diagnostics;
  • bargain and agree to the terms, or look for another auto dealer;
  • decide on a new car;
  • check and sign the sales contract;
  • leave on a new vehicle.

When buying with your own funds, you only have to pay the difference in cost. If you need a car loan, the old car will go towards the down payment.

The program applies to the purchase of not only a new car but also a used one. In fact, this is the usual procedure for buying and selling.

Will a Dealership Take My Car as a Trade-in?

Conditions for trade-in service when buying a new car at an authorized dealership are not so simple as they seem.

  • Be prepared for the car dealership’s price to be lower than the market average. Read how to get a KBB trade-in value.
  • The loss in money when evaluating your car can be paid off with a discount on a new vehicle, which the dealer will offer you as a bonus for participating in the program. But there is a pitfall here – a good discount is provided only for specific models, and sometimes only for the high trims.
  • To receive such a trade in service, the buyer must meet certain criteria that differ from dealer to dealer. For example, Mazda dealerships, in addition to cars of their own brand, redeem premium-class cars no older than 5 years old. Some other authorized dealers accept cars up to 10 years old. Others don’t accept cars from certain manufacturers. And some official dealerships do not like the particular models.

When you come to a used car dealership in Indianapolis, there are no such restrictions. At Indy Auto Man, Indianapolis, we are ready to buy your car of any brand at the market price.

Get our trade-in offer right now.

How the Car Is Assessed

a sales person with a customer performing external inspection
Filing document. Shot of a handsome salesman filing documents with his happy clients at the dealership

When you take your car for an auto trade program, the sales consultant will perform an external inspection of the car to assess:

  • the body condition;
  • glass, headlights, and lanterns;
  • correspondence of unit numbers to the data in the vehicle registration certificate;
  • mileage;
  • the state of the controls and the interior;
  • completeness.

If no serious complaints are found, then the car will be sent for inspection to auto mechanics, where they will check in detail the serviceability of the equipment and units.