The Car Evaluation Process

A trade-in could lower the purchase price and financing of a new or used Ford. Trading in an older vehicle allows the owner to use the car's value as a down payment towards a new purchase at Lake Ford. The vehicle's trade-in valuation involves looking at several specific elements.

Relying on Resources

Anyone performing a reliable valuation on a vehicle typically bases the worth on what credible car industry resources indicate. These resources note that a Ford car, truck, or SUV is worth a particular amount based on specific factors. The resources often derive from what consumers in the market would pay for such a model.

Make, Model, and Year

The three fundamental starting point elements focus on who made the car, the specific model, and the year it debuted on the market. Some makes and models have greater or lesser baseline values than others. A Ford Mustang that is one year old might be worth much more than one that is four years old.

Mileage

The number displayed on the odometer indicates how much wear and tear the vehicle experienced. Parts do not last forever, and lower-mileage vehicles may be more valuable because they might need less maintenance.