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What is the trade-in value of a vehicle?

Car Trade InDid you know that the trade-in value of a car is not what your dealership will sell it for? By definition, the trade-in value is the dealership’s estimate of your car, which is deducted from your new vehicle’s price.

The following is a simplified example of this process:

  • You see a new vehicle that you like at our Chevrolet dealership in Glencoe priced at $40,000.
  • You opt for a trade-in of your old car.
  • We determine that the value of your existing vehicle is $10,000.

 

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Tips to remember when buying a Chevy car online

Women buying car online

Did you know that 90% of consumers prefer starting their car buying journey online? In fact, we spend most of our time in the research phase getting as much information as we possibly can before we’re finally ready to make that big purchase. Of course, with something that can cost you thousands of dollars, you’ll want a bit of guidance.

Keep in mind that many factors come into play when you’re buying a car. The more research you do, the more equipped you will be for figuring out what you need and communicating with your sales rep…

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