How to Exchange an Old Car with barter website?

Stephen Sheeran wants to sell his 2-year old Hyundai Grand i10 as he plans to upgrade to a bigger car this festive season. The problem, however, is that Stephen is not able to find a buyer for his old car. “I have consulted a number of local dealers in the last couple of months but I am not satisfied with the prices they are quoting for my used car,” says the 35-year old banking professional.

The problem faced by Stephen is not unique as many among us face similar issues at one or another point in time. Most of us want to upgrade to a new car but find it difficult to sell the older one. Not only it is difficult to find a genuine buyer in the market today who offers a good value for your used car, but the process is also very time-consuming in nature. Now given the harsh realities of deadlines we all work in, it becomes very difficult to devote so much time, energy, and efforts to sell the car on your own.

Exchange Facility

Realizing this problem, many automakers today have come up with an exchange facility. This convenience allows you to exchange your old car while purchasing the new one. The value of the old car will be deducted from the price of the new vehicle while you make the final payment to the dealership. What is even more convenient that you can exchange the used car of any brand while availing this exchange facility – be it Maruti, Hyundai, Ford, or others. It is definitely a plus point when it comes to saving time and effort.

Exchange Process

The process of exchanging an old car to purchase a new one is quite a simple process. Following are the recommended steps that you should follow once you decide to exchange your car at new or old used car dealerships:

A little bit of prior homework which provides you a fair estimate of your used car value could prove to be very beneficial while you negotiate with the dealership on price. Getting the price estimate of your old car’s value is very simple.

Most of the dealerships have their own impaneled jury for assessing the value of the car. Both cosmetic and mechanical factors are taken into consideration when your car is evaluated for its price. If you have installed accessories such as a leather seat, branded music system, a rearview camera, etc., the value of all these components will be added to the price of your car.

The state where your car is registered is also an important consideration when it comes to the price determination of your used car. In the case of interstate registration, expect the price to be curtailed by around Rs 15,000 to Rs 20,000. Similarly, not having a valid insurance certificate also takes the valuation of your car down by a few notches.

It must be noted that exchanging the car is a very convenient process; however, you won’t be able to get the best price for your used car. If you want to maximize the value, selling your used car will definitely be a more feasible option as it has greater potential to fetch you more money. On the flip side though selling the car will take more time and effort than the exchange process.