4 min read

HeyAuto Trade-In Value Tool: How Does It Work?

Our feature, Glovebox, makes caring for your vehicle and its many needs simple. Keep track of your maintenance reports and schedule reminders, so you never miss a service. Store your important documents for around-the-clock access. But, the features applications go beyond these examples. Read on to learn more!

Amie-Lynn Mitchell

Content Creator

If you're in the market for a new car, then you've probably considered trading in your old one. But how do you know what your car is worth? And how do you get the best trade-in value? The HeyAuto Trade-In Value Tool makes it easy! Just enter a few details about your car and we'll give you an estimate of its trade-in value. Plus, we'll show you how to get the most money for your car when you trade it in. So check out our tool today and see how much money you can save on your new car!

What Is Trade-In Value?

 When you trade something in, you're exchanging it for something else of equal or greater value. The trade-in value is the worth of the item you're giving up in trade. Trade-in values can be determined by a variety of factors, including the condition of the item, its rarity, and its current market value. In general, trade-in values are lower than retail values, because the person or business receiving the trade-in will likely need to put some work into repairing or refurbishing it before they can sell it. However, trade-ins can still be a good way to get some value out of an old item that you no longer need or want. Most importantly, don't be afraid to negotiate! The trade-in value is just a starting point, and there's no harm in trying to get a better deal. And who knows - you might just end up with something even better in the process!

How Can I Get Good Trade-In Value?

When it comes to trade-ins, there are a few things you can do to maximize the trade-in value of your car. First and foremost, it's important to keep up with regular maintenance and repairs. This not only keeps your car running smoothly but also creates a paper trail that potential buyers will be able to see. By using Glovebox by HeyAuto, you can store all of your documents in one easy-to-access spot, so you'll never misplace or lose them again. In addition, it's a good idea to avoid making any major modifications to your car. While some modifications can actually increase the trade-in value of your car, others can have the opposite effect. Finally, be sure to pay attention to your car's mileage. The higher the mileage, the lower the trade-in value will be. However, if you take good care of your car, you can help offset the effects of mileage and keep your trade-in value high.

How To Use HeyAuto's Trade-In Valuation Tool:

  1. Make a free HeyAuto account
  2. Upload your vehicle's information and images to Glovebox 
  3. Choose which dealers you'd like to submit your vehicle details to 
  4. Submit! 
  5. Receive a real-time valuation 

What Can I Do With My Trade-In Valuation?

Now that you have a trade-in value for your car, it's time to start thinking about what you're going to do with the money. The first step is to determine how much you need to put down on your new car if you plan on buying a new vehicle. If you have a trade-in, the dealer will typically apply the trade-in value toward the purchase price of the new car. This means that you'll need to come up with the difference between the trade-in value and the purchase price of the new car in order to complete the transaction. In some cases, it may make sense to sell your trade-in car privately in order to get more money for it. This can be a good option if you're trade-in car is in good condition and is likely to sell quickly. However, it's important to remember that selling a car privately takes time and effort. This is where MyOffers comes in, which is the easiest way to sell your vehicle online. All you have to do is upload your vehicle to Glovebox and wait for the offers to start rolling in. Either way, having an idea about your car's trade-in value is a good starting point.