Factors That Influence The Trade-In Value For Cars

Car Mileage

Car mileage plays a major role in determining your vehicle's trade-in value, as the more miles driven, the lower the value due to the need for repairs and future maintenance. While good mileage is generally considered around 15,000 miles per year, there are other factors that influence the trade-in value, and fewer miles alone won't guarantee a higher value.

Make And Model Of The Car

The make and model of your car significantly affect its trade-in value, with popular and high-end models like the Toyota Tundra or Tacoma retaining more value. SUVs generally hold their value better than sedans, and dealerships offer higher trade-in values for in-demand vehicles, though the popularity of certain cars can change over time.