If you are in the market for a used car, trading-in your current model can be an excellent move. Not only will you no longer be saddled with the old vehicle, but you may get some money off on the one you purchase as well. The market is especially good for trade-ins now due to a depleted used car inventory, and according to Forbes, there are several models what will yield the biggest returns.
Starting off is the Jeep Wrangler. The Wrangler is popular among a wide spectrum of drivers due to its versatility. It can attract more casual motorists as well as those who want to take it off road. Analysts found that a 2008 two-door model with around 46,000 miles could get as much as 90 percent of its original value, with the four-door model getting 91 percent.
When it comes to pickups , the Toyota Tacoma performs quite well. According to Forbes, the decrease in demand for pickups has not hurt the trade-in value of the Tacoma, with a 2008 model getting drivers 72 percent of the original price. The news is even better for those trading in the four-door variety, which could get up to 87 percent.
As for smaller cars, the publication says that the Mini Cooper retains its value very well and could make owners happy when they go to trade it in. The ride might command as much as 77 percent of its sticker price because it is high in demand among young drivers.
Regardless of what car you have, New Jersey State Auto Auction is a great place to go if you're looking to trade in your current vehicle. The dealer is an Autotrader.com Trade In Marketplace Dealership so you can get an accurate and fair appraisal in no time.