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Trade-in value: This is the value of your car after trading it in to a dealer for another car. Trade-in value is calculated after the dealer assesses your vehicle’s condition and factors in what ...
Assess the Value. Knowing the current trade-in value of your car is very important, Fix said, and it requires doing some homework and using sources such as the Kelley Blue Book (KBB), True Car and ...
For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value. [20] [21] Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and 5-year cost to own information for new cars. [22] [23]
“Among new car buyers, those carrying negative equity on their trade-ins were underwater by an average of $5,820 in September,” it reported. Learn More: 6 Car Brands With Reliable Used Cars
Trade-in value is an important facet of the car deal. Many websites offer trade-in value estimates. [11] However, most of these values are estimated from a theoretical chart that may or may not be based on recent average sales prices of a particular make and model.
Black Book collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as Newcars.com. [4] Assessing car value is dependent on several factors including make, model ...
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