Thursday, January 19, 2012

Used car trade in value?

What guide do dealers use when determining the trade in value on used cars? I have a 2005 Honda civic with lower miles (28000) and the trade in value I am finding on Edmunds and Kelly blue book is about $2000 HIGHER than what 3 different local dealers are offering me so I am just trying to determine what would be considered a good basis for me to take to them when they show it lower than I do.Used car trade in value?
Most dealers use the actual dealer auction results, meaning they base the value of the trade on what similar vehicles are selling for at the auctions right now. This information is updated daily on a computer program, so it is as current as you can find. Edmunds and KBB are usually a month or two behind on the actual value, they are basing the prices on auction results back in September and October.



If you email me the information about your car (trim level, 2 door or 4, transmission) I will look it up for you and tell you what the current value is.Used car trade in value?
You should have expected that. They have a percentage the dealerships go by and they try to give you as little as they can, so they will make more when they resell the car. You have to be shrewd with car dealers. when you go to talk to them and they offer you this lesser amount, just tell them no, that if that is all they are going to offer you, you will go somewhere else to trade and get up and head for the door. If they really want your business, they will come back with more money. Be carefull though, I had one give me what I wanted for the trade-in and then turned around and added it back into the paperwork and I ended up getting screwed anyway.Used car trade in value?
You need be cautious when going to trade your vehicle to a dealership. If you are not sure of the value then you can be at a disadvantage.

Dont be suprised if a dealer makes a terrible offer. It's really easy to get a estimate online to see how much your ride is going to fetch. I have recommended http://tradein.123thebest.info - Good luck.
I don't understand the infatuation with Kbb. it's always been way too high, in my opinion. I think NADA is more realistic.



Now - I wouldn't expect them to make a fair deal with you. It may be that they need to make a bunch of money, and they can't really trade squarely right now. I wouldn't be surprised if that was the case.

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