car trade in value

car trade in value

Car Trade In Value

Trim refers to both exterior and interior options that enhance a base model. (Ex: Ford Mustang GT or Honda Accord EX) Trim levels can increase the value and functionality of a vehicle, as well as improve its appearance. Mileage is estimated based on typical mileage of similar vehicles. If you're selling this vehicle, replace this estimation with your vehicle's actual mileage to get the most accurate values. Why do we need your ZIP Code? Kelley Blue Book provides values and other information specific to your location. Enter your email address to receive your valuation report to your inbox. Your privacy is important to us. Please read our Privacy Statement. Kelley Blue Book® Private Party Value The Kelley Blue Book® Private Party Value is the starting point for negotiation of a used-car sale between a private buyer and seller. This is an “as is” value that does not include any warranties. The final sales price depends on the car's actual condition and local market factors. Kelley Blue Book® Trade-In Range The Trade-In Range is Kelley Blue Book's estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer. However, every dealer is different and values are not guaranteed. Kelley Blue Book® Fair Market Range (Used Car) The Fair Market Range for used cars is Kelley Blue Book's estimate of what a consumer can reasonably expect to pay this week in their area for this year, make and model used vehicle with typical miles and configured with their selected options, excluding taxes, title and fees, when buying from a dealer. Each dealer sets and controls its own pricing.
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Car Trade In Value

Kelley Blue Book® Private Party Value The Kelley Blue Book® Private Party Value is the starting point for negotiation of a used-car sale between a private buyer and seller. This is an “as is” value that does not include any warranties. The final sales price depends on the car's actual condition and local market factors. Kelley Blue Book® Trade-In Range The Trade-In Range is Kelley Blue Book's estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer. However, every dealer is different and values are not guaranteed. Kelley Blue Book® Fair Market Range (Used Car) The Fair Market Range for used cars is Kelley Blue Book's estimate of what a consumer can reasonably expect to pay this week in their area for this year, make and model used vehicle with typical miles and configured with their selected options, excluding taxes, title and fees, when buying from a dealer. Each dealer sets and controls its own pricing.
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Car Trade In Value

Buying Enter a car and a zip code to find out how many active listings there are in your area. Search listings Selling Find out how many nearby buyers are searching for your car We make it easy to tap into the largest audience of online car shoppers to help you sell your car fast, without losing money on a trade in. Find buyers Save for Later Keep researching, sell later Not ready to sell your car just yet? Add it to your garage so that it will be saved for later. Save your car
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Car Trade In Value

Formula for success So, how do you know if you’re getting a fair deal on your trade-in? Scott Painter, CEO of the California-based automotive research company Zag, offers the following advice: “For a resale, the average dealer is looking to make between 2 (percent) and 4 percent on a transaction,” Painter says. “So take whatever your car’s value is and add in whatever cost it would take to refurbish the vehicle. Then, add in 2 (percent) to 4 percent, and as long as the trade-in price you’re given is in that window, it’s probably a fair deal.”
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Car Trade In Value

So, how do you know if you’re getting a fair deal on your trade-in? Scott Painter, CEO of the California-based automotive research company Zag, offers the following advice: “For a resale, the average dealer is looking to make between 2 (percent) and 4 percent on a transaction,” Painter says. “So take whatever your car’s value is and add in whatever cost it would take to refurbish the vehicle. Then, add in 2 (percent) to 4 percent, and as long as the trade-in price you’re given is in that window, it’s probably a fair deal.”
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Car Trade In Value

Edmunds.com used car appraisal aims to give you the most accurate price for your current car/vehicle. This allows you as a consumer to decide whether to trade-in or sell your car when you’re ready to buy a new one. The price is based on the year, make, model, and options of your car.
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Car Trade In Value

“For a resale, the average dealer is looking to make between 2 (percent) and 4 percent on a transaction,” Painter says. “So take whatever your car’s value is and add in whatever cost it would take to refurbish the vehicle. Then, add in 2 (percent) to 4 percent, and as long as the trade-in price you’re given is in that window, it’s probably a fair deal.”
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Car Trade In Value

Edmunds.com’s Quick Guide to Selling Your Car By Ronald Montoya All You Need To Know in 5 Easy Steps Selling your car today is a different experience than it was 10 or 15 years ago, thanks to the tools available on the Internet. Online appraisal tools and Internet classified ads have made the process faster and more convenient. Edmunds.com has an in-depth 10-step guide to selling your car, but this article condenses the selling process into five simple steps that can help you turn your used car into cash in the shortest time possible. You can also print out this article and use it as a checklist to keep you on track. Read Full Article
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“Be realistic about what you’re selling,” says Sheronde Glover, founder and CEO of Car-Buy-Her, a consumer car education company based in Atlanta. “Look at your mileage and how well your car has been kept. All these things come into play when valuing your car.”
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The Trade-In Range is Kelley Blue Book's estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer. However, every dealer is different and values are not guaranteed.
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“Make sure your car is clean,” Glover says. “A good detailing job might cost about $50, but it could increase your car’s value by several hundred dollars.”
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“When someone comes in with a trade-in, we look at the vehicle, walk around it, check it to see if it’s had paint work (which can reduce the value), and check to see if any damage has been done to it,” says Gilbert. “We’ll also drive the vehicle. We’ll check to see what repairs it’ll need to get up to standard (for retail sale), or we have to decide if it would cost too much to have the repairs done.”
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By Ronald Montoya All You Need To Know in 5 Easy Steps Selling your car today is a different experience than it was 10 or 15 years ago, thanks to the tools available on the Internet. Online appraisal tools and Internet classified ads have made the process faster and more convenient. Edmunds.com has an in-depth 10-step guide to selling your car, but this article condenses the selling process into five simple steps that can help you turn your used car into cash in the shortest time possible. You can also print out this article and use it as a checklist to keep you on track. Read Full Article
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If you’re trading in a newer-model used car, then surprisingly, it could work against you. If it’s a year old or less, the car could still be competing with new autos of the same make and model. In addition, the manufacturer may be offering special incentives for the new car.
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“Pretend you’re a buyer and look up your kind of (trade-in) vehicle,” he says. “Look at what other people are asking for your particular kind of car, especially in your local area. This will give you an understanding of what your market is likely to bear.”
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Regardless of what the auto pricing guides say, it’s up to the dealer to accept your trade-in. So, it’s important to look at your car or truck from the dealer’s point of view.
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“If you and the dealer can’t agree on the price for your trade in, just walk away,” Painter says. “You are not obligated to accept the dealer’s price, and because you would have done your homework, you’ll know immediately if they’ve given you a fair or unfair offer.”
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In that case, the other dealer probably wouldn’t give top dollar for the consumer’s trade. If you aren’t happy with what dealers are offering for your vehicle (particularly if you have one with a V-8 engine), consider finding that final buyer yourself on the retail market.

Published on Jun 13, 2017 | Under Car | By michael ellis
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