If you're in the market for a new car, more than likely you intend to bring in your current ride as a trade-in and hopefully knock a good percentage off the total cost. This is perhaps the most common procedure for car shoppers in terms of funding a new automobile - some believe they may receive a good price on a trade-in as opposed to selling their car outright and using the cash toward a down payment. Dealerships, especially in fluctuating economies, are more likely to give you a break if they know you definitely plan to drive away in a new or pre-owned car. It's important, therefore, to make sure what you bring to the table is in as excellent a condition as possible.
When it comes to depreciation, the common belief is that the initial value of the car drops by as much as forty percent in the first year you own it. If you keep your car for ten years, value could plateau at around 60-70%. If you're worried that you won't be able to afford a new car without a decent trade-in on your current vehicle, it's important to make sure you bring in car the dealer believes can be resold to the dealership's benefit.
Maintain you current car with the best of care. That means regular oil changes and check-ups on filters and the engine. Don't treat your car like a landfill - make sure it's always clean and vacuum at least once a month. Keep the tires balanced and check the air periodically - when tires are low it can put a strain on the car. You want to make sure nothing effects your car negatively.
Above all else, drive carefully. Even with the best of cars, things like brakes and lights do wear out. However, the care you show for your car will show when you trade it in. The better you treat your car, the better the trade-in value.
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