Heck yes there is! Right off the bat there are tax savings from the government so if you want to buy a car worth $20,000 and your trade-in is worth $12,000. You will only be paying tax on $8,000 instead of the full $20,000 which saves you $1,560!
As a consumer, you must be aware of a bunch of different factors when getting an appraisal for your car. You can’t simply go on kijiji, see a similar car and base the value of your car on what they have it advertised for. It simply doesn’t work that way. We base our appraisals on many things like the season, the mileage, paint work or accidents, curb appeal, availability, condition of mechanical parts and more. So do your due diligence and shop around before you establish your price for your trade in.