Vehicle Trade-in FAQs

Looking to trade in your current vehicle for something newer around Solon, Cleveland, or Hudson, OH? Our dealership at BMW Cleveland is family-owned, and we want you to feel like part of the family as well. So, we’ve put together vehicle trade-in FAQs to help answer some popular questions about the trade-in process.

Continue reading below to find out how the largest BMW dealer in Ohio can help you with your trade-in!

What is a trade-in?

A trade-in is essentially selling a vehicle to a dealership in exchange for credit toward another vehicle you're purchasing. It can be any vehicle with value, whether it's the car you're currently driving or an extra car you no longer need.

What is trade-in value?

Trade-in value is the amount your trade-in is worth, and it's usually based on the vehicle's market price. Trade-in value can fluctuate depending on the condition of the vehicle as well as current demand, weather, and other factors.

How can I find out my car’s trade-in value?

The easiest way to find out your vehicle's exact trade-in value is to have it inspected and appraised, which is usually done at the dealership before you actually trade it in. However, it's also possible to get an estimate of your vehicle's trade-in value by using our website's Value Your Trade tool.

How can I maximize my trade-in value?

One way to help get a better trade-in value is to make sure your car is looking its best. Break out the vacuum and give the cabin a once over; repair any minor dents, dings, or cracks it may have accumulated; and stop by the car wash to make sure the exterior looks shiny and clean.

Which documents do I need when trading in my car?

Before heading to the dealership, you'll have to gather a few pieces of documentation for your vehicle. These include:

  • Car Title - This verifies your ownership of the vehicle and will have to be signed over when trading in your car.
  • Driver's License - You'll be asked for your license for proof of identification.
  • Service Records/Receipts - These show a history for your vehicle and that it has been well cared for according to its maintenance schedule.

How do I start the trade-in process?

Simply get in touch with our dealership and set an appointment to trade in your vehicle. Once you come to the dealership, our team will take it from there.

What can I expect at the dealership?

As mentioned earlier, when you arrive for your trade-in, an appraiser will take a look at your vehicle to determine its trade-in value. This is usually done in the form of an inspection, a test drive, or even a vehicle history report. Some criteria the appraiser will look at are:

  • Number of previous owners
  • Vehicle condition
  • Seasonal demand
  • Paint color
  • Any options, accessories, or add-ons

Once the appraisal is complete, you'll receive an offer that can then be put toward the vehicle of your choice.

Trade in Your Car With Us

We hope this list of vehicle trade-in FAQs has helped answer some of your burning questions. If you’re a driver in Solon, Cleveland, or Hudson, Ohio, and you’re ready to trade in your current vehicle, or if you have any lingering questions, contact our team at BMW Cleveland today!