Tag Archive for New Car

How Is Trade-In Value Determined?

How Is Trade-In Value Determined? - Larry Jay Mitsubishi BlogWhen you’re ready to buy a new car, one option is to trade in your old one to cover part of the new car’s price. If you’re planning to get rid of your old car anyway, this can be an easy, convenient way to do so. In addition to getting the price taken off of your new purchase, you also have nothing to worry about in terms of liability because the dealer takes care of everything. However, the trade-in value of your car will often be slightly lower than the value of reselling the car on your own, but this difference in value is worth it to many for the sake of convenience.

The trade-in value itself depends on several factors—the same type of factors one would consider when buying a used car. These include make and model, year, mileage, and condition. If you want to figure out what your trade-in value will be, you should start by getting an idea of the car’s market value. You can do this by using a resource like Kelley Blue Book where you will enter the details about your car’s condition. This resource can give you a good idea of what people are paying for a car similar to yours across the board and should give you an idea of what to expect as a trade-in value as well.

To learn more about trade-in value and other financial questions, call us at Larry Jay Mitsubishi.

Three Ways to Know that It’s Time to Buy a New Car

It’s Time to Buy a New Car

There are plenty of car commercials, glossy magazine ads and well-lit dealerships that are always around. If you were to get a new car, you’d know where to look. But how can you tell that it’s time to buy a new car? Here are three signs that may mean you should start shopping.

Frequent Repairs

Some maintenance is to be expected in a car that’s got a healthy amount of miles on it. Parts wear down and need replaced and systems need tweaked. But if you’re having trouble keeping your car running without shelling out some serious cash every couple of months, it may be time to upgrade.

Repairs Cost More Than the Car

One way you can weigh the benefits of getting the repair versus starting fresh is by learning what your car is worth. If its current market value is close to what it will cost for a new transmission, then you may as well put that money towards a new car.

Extra Unnecessary Costs

As a car becomes more and more outdated, it can cost you a lot more than it would to invest in a new vehicle. Not only do older cars have outdated fuel systems that will cost you more in gas but older vehicles will cost you more from insurance, too. Plus, aged cars are likely lacking the “drive clean” technologies that would let them pass emission tests by today’s standards. Buying a new car will be a safer choice not only for you and your family, but for the environment as well.

If you’re having these problems and think it’s time for you to begin car shopping, contact Larry Jay Mitsubishi!

Test Driving Tips: Finding the Right Car

Before you buy a car, you should always test drive it. Many dealerships now allow you to take cars overnight, which is a great way to get to know a potential vehicle. You should look out for things like drivability, comfort, ease of use, visibility, and more. Below are some test driving tips to keep in mind to help you get the most out of your visit.

Test Driving Tips

Do Research

According to Car and Driver, the first tip is to do some research. If possible, narrow it down to two or three vehicles. Then, test drive these cars back to back. This will help you determine which you like better. You should also see if any friends or family are available to give you a second opinion. However, be sure to ask a few days in advance and have a backup plan. If necessary, make a list of things that you think are essential in a vehicle.

Get Acquainted

Next, get acquainted with the car before you drive it. Are the seats comfortable? What’s it feel like in the back? Is there a lot of storage space? What does the exterior look like? These are all questions you should ask yourself before even driving the car. If you have a car seat or other accessory, make sure it will fit as well.

Pay Attention

During the actual test drive, pay attention to things like visibility, comfort, media features, and enjoyability. Are there many blind spots? Are you too high or too low to the road? Are you comfortable? Can you use media gadgets without taking your eyes off the road? Is it fun to drive? You should also consider handling and performance as well.

These are the basics to test driving. First, come prepared. Next, give it a once over while it’s in park. Finally, when test driving, pay attention to enjoyability, safety, and more. With these tips in mind, your drive will help you make the right decision.