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Real-World Examples of Successful Trade-Ins

Consider the case of smartphone trade-ins. A report by Statista revealed that the average trade-in value for a smartphone was approximately $102 in 20223. However, savvy consumers who followed market trends and timed their trade-ins well managed to secure up to 20% more than the average.

Similarly, in the automotive industry, vehicles that are well-maintained and traded in during peak buying seasons tend to yield higher returns. According to Edmunds, trading in a car with a complete service history can increase its value by up to 10%4.

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