Trade-In Secrets Dealers Don't Want You To Know
How Dealers Determine Trade-In Value
Dealers typically rely on resources like the Kelley Blue Book or NADA Guides to assess the wholesale value of your vehicle. They also consider the car's condition, mileage, and any repairs needed. However, what many consumers don't realize is that dealers may offer a lower trade-in value to increase their profit margins on the resale of your vehicle. By knowing the true market value of your car, you can negotiate more effectively and ensure you’re getting a fair deal1.