How do dealers come up with the trade in value of a car?

Question

Do they go by the kelley blue book trade in value? Or do they just value it by the condition of the car themselves? Just looking for specifics.

Answer 1

They start with the Kelly Blue book or a similar from the NADA. they they adjust for local conditions and they deal that you are trying to put together.

The better way of negotiating is to agree on the price of the new car FIRST and then negotiate the price of your trade in

Answer 2

I think they do a little of both. They have to check the condition of it versus what the Kelley Blue Book Says. Then they come up with a value.

Answer 3

They use Kelly blue book and also a black book, both show numbers for what the cars sold for at local auctions recently. they also look at condition of vehicle and one of big things is mileage. also they have a good idea of what is moving in there area if a car is hot they may bump it up from suggested wholesale. also is it a car someone may come to there lot to look for. Toyota maybe worth more on a Toyota lot than a Nissan lot.

Answer 4

merely to operate to the answer above me. there are an rather good type of elements we consider. For me, and the majority i recognize, we seem on the vehicle and go by skill of a "psychological flow chart" a million) is this motor vehicle something i desire for my lot? 2) if so, what's going to i opt to do to make it retail-waiting? (this suggests tires, component, protection inspection, any reconditioning mandatory to make it the front-line waiting. those linked prices are popping out of my provide) 3) If no longer, will it bypass to a wholesaler, public sale, or %.-a-area? definite, I each now and then get vehicles that are in uncomplicated words properly worth funds to the junkyard. After those Q's go by skill of my options, i look on the most present day public sale comments. i opt to entice close what that motor vehicle further at public sale very last week. I actually ought to save that huge type in options, because it really is my "protection information superhighway" in case I actually ought to dump the vehicle. commonly, if the vehicle is going to stay with me, i visit spend a touch more effective on the commerce. If its going to be an public sale piece, i attempt to get the vehicle as on the point of that public sale huge type as a possibility. i'm no longer right here to lose funds on vehicles, i opt to a minimum of make a income on the sale, and optimistically destroy even on the commerce. Edit: Arius, I dont recognize of a unmarried broking that has opened a blue e book in the perfect six years. Its superseded, and inaccurate - even moreso in on the prompt's climate

Answer 5

Kelley Blue Book. They have different values for different conditions; i.e. excellent (only 5%), good, fair, and poor. http://www.kbb.com/ But it is always good to haggle, as you can probably get more for it.

Answer 6

a little bit of both if the car is to old for the book then a guestamate is what u get if not very old then they go to the book be careful THEY ARE USED CAR DEALER

Answer 7

No Kelley, based on demand or strickly "cash" trade.

Answer 8

They look up the average value, subtract the mileage and amount it would cost to repair it.

Answer 9

they go by KBB wholesale value...

and the condition of the car of course.

Answer 10

http://www.kbb.com/