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5010 Alameda Blvd NE, Albuquerque, NM, 87113

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Dealership Info

Phone Numbers:Online Showroom Hours:
  • Mon - Sat12:00 AM - 12:00 AM
    (Always Open for Online Shopping)
  • SunClosed
Sales Hours:
  • Mon - Sat8:00 AM - 6:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 3:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 3:00 PM
  • SunClosed
Main (505) 797-3600

When Should You Trade In Your Car or Truck To Get The Most For It?

want to trade in your car? here is the best time to get the most for it

Maybe one of the more important times in the ownership of your car is figuring out “when is the best time to trade in your car or truck?” Do you trade it in after a specific time frame? Is there such a thing as too many miles on the odometer? Does it have to be in mint condition? It probably will not surprise you to learn there is not a one-size-fits-all answer to these concerns. However, we’ve got a few advice to help you figure out what time is the best time to trade in your car, truck, or SUV.

Do I Want To Trade In My Car?

This is typically the first question car owners consider. After all, most of us think that the best way to receive top value for their car is to sell it themselves vs. trading it for another vehicle. Yet, there are a couple of factors to look at when deciding if you should sell your car instead of trade it in.

Typically It Takes Longer Selling It Yourself

Selling a car can take weeks or longer; specifically if the car needs repairs. The seller would have to arrange every facet of the sale process, from creating an ad to scheduling test drives, to haggling on price, and everything in between. Conversely, trading a vehicle almost always occurs the same day you purchase your new car.

Paperwork Hassles

Usually the person selling the vehicle is responsible for getting the buyer the required paperwork, such as registration and the car’s title. If you are new to selling, this could be a discouraging and even lengthy process if there are unexpected challenges attached to the paperwork, like a lien. We are capable of doing all of the paperwork, including surprises.

Missed Tax Savings

Perhaps the most notable benefit of trading in your vehicle is the potential tax benefit found in places with a state sales tax. In these states, there’s a financial credit applied to the new car’s sales tax if the buyer trades in a vehicle at the same location where they purchase a new one. In short, the taxes are only applied to the price difference after the value of the trade-in is calculated into the new car price. The tax savings can quickly reach up to thousands of dollars.

When Trading In A Car, What Is The Best Mileage?

There are lots of opinions on this question, especially with newer cars that are built for higher mileage usage. However, there is general consensus on the following three mileage ranges to consider when trading in your car:

30,000 To 40,000 miles

This is the time when nearly all new car warranties usually end. Conversely, this is also when the first replacement of ‘wear-and-tear’ items, like brakes or tires, are generally performed on cars. The depreciation of your vehicle will generally start to grow more quickly after this milestone, so the nearer your car is to these miles, the more desirable your trade-in appraisal will be.

60k – 70k miles

Depending on usage, a vehicle that gets to this milestone will generally be between 3 to 5 years old and most likely had many appointments at the local auto service bay for routine service. Clearly, as the miles pile up, the value of the vehicle tends to get lower so car owners should think about this when weighing their trade-in options.

100,000 Miles Or More

It’s true that hitting this mileage isn’t nearly the automotive death notice that it was in years past thanks to advancements in modern engineering. Yet, the higher the mileage of your car, the greater the depreciation in all but the most exceptional kept vehicles. Vehicles within this mileage could still have value even if they might not be in mint condition. The condition of your car is scrutinized more closely as the miles grow on that odometer.

Trade Tips

Finally, an important piece of trading in a car is being ready for the trade-in assessment. These recommendations are not the only ideas, to be sure, these steps can definitely help you get the most value out of your car.

Clean It Up

This should be a no-brainer, but many people think that presenting their vehicle ‘as-is’ is an honest approach to a trade-in appraisal. While we do not advocate hiding blemishes or problems (FYI, the assessors will see through those attempts regardless), it is always a good idea to clean up your vehicle to the best of your ability before bringing it to the dealership for evaluation. This means tossing all debris and trash from inside the vehicle (yes, even including the trunk), washing and vacuuming the interior and exterior, and maybe even doing a nice interior and exterior detailing. Just think of the appraiser as a buyer of the vehicle and clean the vehicle accordingly.

Fix What You Can

We get that repair bills can be overwhelming, especially for significant mechanical concerns. Yet, if you can repair minor dings, chips in the paint, and cracks in the various windows, windshield, and mirrors, all of those cosmetic repairs will go a long way towards improving the value of your trade. If possible, we recommend repairing any mechanical concerns the vehicle may have as well. The better the condition of the vehicle, the more value you will get for your trade-in.

Know Your Stuff

If you have decided trading in your car is the best option for you, then we suggest coming here with all of your vehicle’s paperwork, which includes the title (if you have it), registration, any maintenance receipts you have, and keys you have for the car. Come ready to trade your vehicle in and you won’t be delayed in driving home in your new car.

Land Rover online car buying Albuquerque  NM

Where to Trade In my Car In Albuquerque, NM

If you’re wondering where you can trade in your car for another car, Land Rover Albuquerque is the right place. We make the trade-in process simple and can get you back on the road in a new car today. Schedule an appointment online or visit our dealership to get started.

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(505) 797-3600

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5010 Alameda Blvd NE • Albuquerque, NM 87113

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Today's Hours:

Open Today! Sales: 8am-6pm

Open Today! Service: 7:30am-6pm

Open Today! Parts: 7:30am-6pm

Land Rover Albuquerque 35.1838378, -106.5886568.