When it comes time for a new Lexus car, look no further than Lexus of Valencia. At our dealership, you’ll find luxury vehicles for any driving occasion and the financing tools and resources to help you take home that perfect ride today, like a vehicle trade-in value estimator. Let’s take a closer look at the trade-in process.
What Do I Need When Trading In My Car?
There are many benefits to trading in a vehicle, like significant savings on the down payment and sales tax costs, and the more you know about the vehicle trade-in process, the easier it will be. Here are the things you’ll want to bring with you when it’s time to trade in.
License and Title
Since the vehicle will be transferring ownership, it’s crucial to have the title on hand. You’ll need your driver’s license and social security information to verify the transfer and financial terms.
It’s especially important to bring your bank information if there is still a loan on your vehicle or if you will be financing through a third party. If you have paid off your loan, you’ll want to bring your past loan history and proof of payment.
Service and Maintenance History
Your vehicle will return a greater value if it comes with a comprehensive service and maintenance history. That’s why you always want to keep track of Lexus service appointments and part replacements. You’ll also want to note any accidents or repair needs.
In most places, you legally need insurance coverage to drive a vehicle. When you trade in a vehicle, you’ll be taking home a new car on the same day, which means you must bring proof of insurance. Once you take possession of the new vehicle, you’ll be able to update your policy.
Learn more about the many benefits of the vehicle trade-in process here at Lexus of Valencia. Schedule a test drive or Lexus financing appointment with our expert team today.