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Trading cars: separate both valuations from the balance

A simple worksheet for understanding a trade-in offer.

AI-generated editorial illustration of comparing two cars for a trade-in

Use three separate figures

Record the other vehicle’s price, your vehicle’s valuation and the balance separately. Note the offer date, validity and any additional charges. A small balance alone does not explain the offer.

Use balanced information

Prepare current photographs, available records and known issues for your vehicle. Request the same level of detail for the other car. Avoid filling gaps with guesses or comparing different trims as if they were identical.

Agree on inspection arrangements

Arrange inspection and the sharing of findings before a final agreement. This is an organizational checklist, not a valuation or ownership-transfer procedure. Check the responsible local authority for the current transaction requirements.

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Sources & references

Use the owner’s manual for your exact model and year; symbols and instructions can differ.

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