How To Trade In Your Car With Peach Cars

When you’re planning to buy a new car, you may want to get rid of the old one. In this case, trading in your car is the ideal solution. Trading in your car usually involves the dealer buying your old car and giving you a new one. Trade in can be an easy and convenient way to get a new vehicle. 

In this article, we’ll cover what to consider before trading in your car, the benefits of trading in your car, and the steps involved in trading in a car with Peach Cars.

How Does Car Trade In Work?

When you trade in your car, we buy your old car from you in exchange for a new, locally used one. We will check out its condition, do a test drive, and then make you an offer. Instead of paying you in cash, the amount will be applied towards the cost of your next car. In case the value of the new car is higher than your car, you will top up the remaining amount. 

The deal is concluded by signing your car’s title over to Peach Cars.

Benefits of Trading In Your Car

The biggest advantage of trading in your car is that it saves you from the hassles and stress of selling your car (but if you’d just like to sell your car without necessarily getting a new one, this guide will help you sell your car through Peach). Selling a car requires identifying the right price for it, marketing it, and then screening prospective buyers to weed out the fraudulent ones. With trade in, we do all the heavy lifting for you.

The other benefits of trading in your car include:

• Fast and efficient way to upgrade from your current car: Once you get a satisfactory offer from the dealership, a trade in deal can be concluded quickly. It saves you from a time-consuming process with a lot of haggling over the price. We take in your car at the current market price and offer you your preferred replacement at a fair price. 

It’s also quite efficient. You only have to show up with your old car at our offices in Lavington and leave with a new one. You don’t have to go through the stress of selling your car then buying another one separately. 

• Helps in paying off your car loan: You can trade in your car with Peach Cars even if you still owe money on it. We will pay off the remaining loan balance to your financier and obtain the car’s logbook directly from the lender. This not only helps you to upgrade your car but also improves your credit rating. Talk of killing two birds with one stone, uh?
• Lowering the costs of your new car: Trade in also helps in lowering the cost of your next car. For example, the cost of upgrading from a Passo to a Toyota Auris will be significantly less if you are trading in the Passo. A locally used Toyota Passo currently has a market price of about Kshs.600,000, that means the amount you have to pay in cash or borrow as a loan reduces by almost 50 percent when you trade in.

Trading in your car simplifies the steps between selling your old car and buying a new one. Rather than going to multiple places, you just need to bring your car to Peach Cars and use the trade-in value as equity toward your new car.

Considerations Before Trading In Your Car

Sure, you could just take your car to any dealer and see if they are open to a trade-in, but it’s important to take time and do your homework first. It will help you get a good trade-in deal. These are some of the things you should consider when trading in your car:

1. Depreciation

The value of your car decreases over time. So you’ll likely get less money for your trade-in than what you originally paid for the car. For example, a 2010 Toyota Vitz won’t go for the same price as a 2015 Vitz. When trading in your car, you not only have to consider the make and model but also the year of make. 

2. Trade-in restrictions

Dealerships only buy cars they can sell reasonably quickly. This is why some cars make better trade-ins than others. Some car dealers may have restrictions on trade-ins, such as the make, model, and year of cars they accept. 

3. Cost of repairs

The cost of repairs needed on your car will also factor into your trade-in value. It may be worth repairing your car before trading it in. Check all the car’s systems and ensure they’re working properly, replace what needs to be replaced. You should also ensure that the fluid levels are topped off. Such minor repairs can help to avoid the value of your car taking a hit.

4. Current market conditions

The value of your trade-in can also be affected by current market conditions, such as supply and demand for certain vehicles. For example, the demand for a Porsche Cayenne in Kenya is relatively low compared to the Toyota Prado. So dealers who don’t have clientele for the former may be reluctant to trade in a Cayenne. 

Step-by-Step Guide for Trading In Your Car Peach Cars

Trading in a car with Peach Cars is relatively straightforward. Here’s a step-by-step guide to selling your car with us:

Step 1: Determine the Value of Your Car

Before you start trading in your car, it’s important to have an idea of how much it is worth. You can take into account factors such as the make, model, year, mileage, and its condition. There are also online tools that can give you an estimate for your car. But keep in mind that whatever value you come up with is just an estimate and the actual value of your car may be different. 

Having an estimated value of the car helps to give you a foundation for negotiating a trade-in deal. 

Step 2: Get Your Car Ready for Trade-In

Once you have an estimate of how much your car is worth, it’s time to prepare it for a trade in. Some of the ways of prepping your car for a trade in include:

• Take some time to clean your car, including the interior before trading in 
• Fix cosmetic issues such as major dents and scratches
• Gather all the necessary documents such as logbook and service records 

Step 3: Negotiate the Trade-In Value

At Peach Cars, we strive to offer the best trade-in offers you can find for locally used cars in Kenya. We base your trade-in value on the car’s condition and current market prices for it. But just like with the purchase of a new car, you can always negotiate the trade-in value of your car. 

You should also identify the car you want to buy and negotiate its price. 

Step 4: Close the Deal

Once you’re happy with our offer, it’s time to close the deal. Review the trade-in agreement and understand all the terms and conditions before signing the agreement. You’ll then transfer the ownership of the car to Peach Cars and we’ll initiate the transfer of your preferred car after calculating the amount you need to top up.

Trading in your car with Peach Cars is as easy as 1234. 

Why Trade-In Your Car With Peach Cars? 

Trading in your car can be a convenient way to upgrade to a new vehicle. With a little preparation and effort, you can get the most money for your trade-in and make the process as smooth and stress-free as possible.

Our goal is to not only save you time and money but also simplify car ownership for you. All you need to do is tell us which vehicle you’re interested in exchanging. If you live in Nairobi, we would love to help you get started. Reach out to us.