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Used Car Trade In Value
Car trade in values are the price you may expect a dealer to compensate you
for when you trade your used car towards the purchase of a new car. The used
car trade in price typically is be expected to be lower than private party values, as the dealer
has additional expenses (i.e. staff), liabilities and profits which an indvidual
does not need to factor into the transaction. The vehicles mileage, condition and additional options may impact pricing.
Kelley Blue Book Trade Value
Kelley Blue Book (KBB) takes into consideration the following when determining trade in value.
Thus you should anticipate these costs are incorporated into the values provided when you review
Kelly Bluebook pricing.
- Safety Inspection
- Reconditioning
Kelly Bluebook provides trade in values for used cars based on it being in good or fair condition.
NADA Blue Book Trade Value
NADA Bluebook states their trade in values are based on the vehicle being relatively clean (including seats & upholstery) and without major defections.
A lower value should be considered if glass or tires are in poor condition or if the paint finish isn't in
good condition or matching. It is expected that the interior wear correlates to the age of the used car.
All power equipment such as windows, sunroofs and stereos should be in working condition.
What Are Black Book Car Trade In Values
Black book car pricing refers to the value dealers pay at wholesale prices.
Black book values are typically derived from monitoring wholesale car
prices at auto auctions on a regular basis. Thus these prices represent
what a dealer might expect to pay or receive for the vehicle at a wholesale auto auction.
This information can be helpful in determining if you are getting a fair trade
in value for your vehicle from the dealer, as the dealer may expect to receive the
black book pricing if the vehicle is not sold by the dealer and taken to auction.
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