How Trade-In Value Is Calculated at Dream Work Automotive

What Is Your Car Really Worth?

If you’re thinking about upgrading your ride, one of the first questions you’ll ask is:

“What’s my current car worth?”

At Dream Work Automotive, we believe in transparency and education, so here’s a breakdown of how trade-in value is determined — and how you can make sure you’re getting the most for your vehicle.

Trade-in value is the amount a dealership is willing to offer for your current vehicle when you’re using it toward the purchase of another. Unlike private party sales, the value includes convenience — quick sale, no personal listing or negotiation — and is often applied as a down payment or credit toward your next car.

There’s no one-size-fits-all formula, but here are the key factors we use when calculating trade-in value:

1. Year, Make and Model, Some vehicles naturally hold value better than others. Cars known for reliability, safety, and resale demand tend to score higher trade-in value. Search what are the best vehicles for their trade in value
2. Mileage, Lower mileage = higher value. A car with 50,000 miles will typically be worth significantly more than the same model with 150,000 miles.
3. Vehicle Condition, From cosmetic scratches to engine performance — condition matters. We assess Interior wear and tear, Exterior dents, dings, or rust, Mechanical issues or warning lights and Maintenance history
4. Market Demand, Is your vehicle something people are actively searching for? SUVs, fuel-efficient models, and trucks are especially hot right now — and Charlotte’s market trends play a big role.
5. Vehicle History Report, Accidents, title status, and ownership history can raise red flags. A clean CARFAX can increase value, while reported incidents might reduce your offer.
6. Current Inventory levels, If we have 5 cars just like yours on the lot, the value may shift slightly to reflect supply. But if your vehicle fills a gap in our lineup — bonus points!

Here are 3 ways to boost your car’s value before you trade it in:

1. Detail your car — a clean vehicle makes a great first impression.
2. Fix minor issues — replace burned-out lights, top off fluids, and clear warning lights if possible.
3. Bring documentation — service records, original manuals, and extra keys help your case!