How Do Dealers Value My Trade?

How Do Dealers Value Your Trade? The Basics

If you’re ready to get an estimate on your current model’s worth, you might be wondering how dealers determine its trade-in value. Multiple factors go into this determination, which we’ll break down for you here.

Local Supply

First up, dealers will consider the local market supply when valuing your trade. Suppose that not many dealerships in the area have your specific make and model among their inventories. That makes your trade-in more desirable to the dealership and can result in a higher trade-in value, as there are probably more potential customers looking for this vehicle.

Local Market Demand

Next, local market demand refers to how popular your car is. The more people want to buy your model, the more valuable it is. If the demand for your make and model is high, you’ll get a higher value when it’s time to trade in, because it’ll be easier for the dealership to market your trade.

Car’s Condition

Finally, your estimated value will vary, depending on your trade-in’s current state. If your car has features that are in high demand, for instance, that boosts trade-in value. Other factors, such as mileage or trim level, also affect trade-in value.

Can You Boost Trade-in Value? Here’s How!

Now, you might be wondering if there’s anything you can do to increase your car’s potential trade-in value. You can get the most out of your trade by having any necessary maintenance or repairs completed before you bring your car in.

Even simple actions, like cleaning your car’s interior and exterior, could potentially boost your trade-in’s value. Take a quick trip to the car wash or take a vacuum to those floor mats! These quick tricks will make your car look all the more appealing at trade-in time.

When a customer looks at a used car, they want to see all the possibilities it offers–and you can help your vehicle stand out with these tips!

Value Your Trade From Home With Our Online Tool

So, now that you know a little more about how dealers value your trade, you might be ready to embark on your trade-in journey. Did you know that you can get started from home with our online Value Your Trade tool? Use this virtual feature whenever, wherever to begin your next steps!

Because we want to provide all our customers with transparency and help them understand trade-in value, you’ll receive a market report when you value your trade with us. This report will outline the details, so you’ll make an informed decision. Are you ready to get started today?