How to trade a car when you owe more than book value. Paying over blue book value for a private party used car. You have to consider not just the type of vehicle, but the vehicle condition, mileage and options. I know from experience with them in the past that if i say the blue book value is x, they say, well you should go sell it yourself, because we wont give you anything. Understand that no dealer can make your negative equity go away. In the world of used car sales, there are no preset values, so a dealer is free to use whatever sticker price it wants for a used car. How much more than the blue book value can a dealership sell. If a car dealership offers you an above blue book tradein for your 34 year. Shop for new cars and used cars at kelley blue book. Data black book acquires their pricing data from wholesale auctions, and retail. Comparisons of kbb etc it should be above 5000 in equity so say they offer. Fox chevrolet is a caledonia chevrolet dealer with chevrolet sales and online cars. Please use the tool below to evaluate your vehicle. Like most dealerships, you can test drive any vehicle on the lot, get an appraisal, and see your financing options.
One of the things that every car dealership does when they list used vehicles for sale is they always inflate the asking price. I looked up both their values on kelley blue book and found that the two dealers are pricing the cars below the suggested retail value according to the kelley blue book website. Did you get the kelly blue book value on your tradein. We want your car and we are going to do whatever it takes to get it. Keep in mind that dealerships will take the difference between the tradein value and the amount owed on tradein to determine how much money should be applied to the sale. A quick tour of kelley blue books usedcar valuation service shows. You will be bamboozled, financially taken advantage of and lied to. See the latest and greatest features of the newly redesigned cars, trucks and suvs headed to a dealer near you in 2019. Once you know the value, subtract it from what you owe the difference is the negative equity in your car. Kelley blue book value is just one appraisal guide used by consumers to determine fair vehicle pricing. Check out monthly nissan specials, lease offers and service specials. How to trade in a car for the most money carsdirect. But at our mobile dealership in mobile, al, we let you take control of your used car buying experience. In many cases, we are able to give more than kelley blue book fair trade in value.
Kelley blue book values reflect local conditions in over 100 different geographic regions and are updated weekly to give consumers the most uptodate used car pricing information. This is not an exact science, but if you look up the same car on a few different sites, average the values together and try to buy it for a little less than that average. Will an auto dealer give me the kelly blue book value of. When you arrive at a dealership with the purpose of trading in a car, it is. Sites like kelley blue book or edmunds are good examples of resources that can help you with your estimation.
Find the kelley blue book value of the car you want to buy. Shoppers and sellers often refer to a cars blue book value without explaining which book they are referring to. Check car prices and values when buying and selling new or used vehicles. Compare real, custom auto loan offers from up to 5 lenders in minutes. Havent visited the dealer yet just using the tools on their web site. You can specify the year, make, and model of the vehicle in question in order to find out an accurate assessment of its value. Part of the dealersocket portfolio of advanced automotive technology products. Shoppers and sellers often refer to a car s blue book value without explaining which book they are referring to. Our inhouse financing is fast and easy all we need is 20 minutes of your time.
Find and compare thousands of new, used, and cpo cars, and get the kbb fair purchase price for the car you want to buy. Well say for this example that the repair will bring the value of your car up to. My young 20something step daughter went to this dealership to buy her first car. Determining the fair market value of a used car is easy with the kelley blue book used car pricing guide. There are too many fees at the dealers auctions, and if we are going to pay big money for inventory, we would rather pay our friends and neighbors. I thought that normally they would try to price it higher. How to evaluate your vehicle tradein options carprousa. Shop our laurens road dealership inventory, schedule a visit, then experience how used car buying should be. Dealerships rip you off with the foursquare, heres how to.
Chevrolet little rock, ar trade value find used chevy auto value. Fox chevrolet is a caledonia chevrolet dealer and a new car. The blue book is a great resource for anyone looking to purchase a used car. Fox chevrolet is a caledonia chevrolet dealer and a new. Mar 30, 2007 former used car salesman alan slone grows a conscience and reveals one of the major strategies dealership use to screw you when buying a new car. The reasoning comes down to an old school theory of trying to draw a new customer in to showroom by all means and make the sale. It has caught my attention but i feel like there is a catch somewhere. How to buy a used car for way below kelly blue book price. Mar 18, 20 the standard tradein values based on year and make can be found on sites such as kelly blue book. The salesperson got a sale and will get paid tuesday. Jun, 2012 in any of those ads you will always see a disclaimer. Get preapproved to buy or lease a new nissan and schedule service online. Determine how upside down you are in your auto loan the difference between what you owe on the car and its current market value. Research, compare and save listings, or contact sellers directly from 389 vehicles in denver, co.
Whether youre in the market for a new car and want to get a value on your tradein or you want to sell your vehicle outright, we can get you a vehicle appraisal and pricing quote in just 30 minutes or less. But at our mobile dealership in mobile, al, we let you take control of. How often in life do you have an opportunity to save four figures. Black book provides the wholesale or auction value of your car, which is the amount a dealer might pay for it. Dealerships rip you off with the foursquare, heres how. Is it illegal to sell a car above the kelley blue book retail. My sale price was 49% lower than the asking price on the same minivan in 2 locations within 2 miles. It would depend on the dealer, the car youre buying, and the car youre selling.
Dealers will usually price fresh used cars over average retail value to leave room for negotiation, and then they will reduce the prices if the car sits on the lot for a while. Jul 28, 2010 dealers will usually price fresh used cars over average retail value to leave room for negotiation, and then they will reduce the prices if the car sits on the lot for a while. From a monetary standpoint, it seems ok to paying over book value for a car that will be easy to sell down the line and wont depreciate much. Black book used car values new cars, used cars, car. Why would a dealer sell a car below its kelley blue book. Kelly blue book will buy your customers tradein, just not at the value they gave your customer. If we dont have what you are looking for, we can help you find.
Tradein value the amount of money your current vehicle is worth toward the purchase of another vehicle. If youre buying a used car at a dealership, start with the typical listing price. Value your trade ron carter chrysler jeep dodge alvin, tx. Is it illegal to sell a car above the kelley blue book. Mar 16, 2020 find the kelley blue book value of the car you want to buy. Kelley blue book is probably best known for trade in values and private party values for the car you already have. First, estimate the value of your car without repairs. I am trying to decide between a 02 jeep wrangler and a 05 toyota tacoma.
At drivetime mobile, we think buying a car shouldnt be as difficult as some used car dealers make it. Understanding the difference between vehicle payoff and value and any. Good thing kelley blue book has over 90 years of experience with used car pricing and weve done the analysis for you. Tradein value calculator by kelley blue book maxwell ford. Jun 16, 2015 the first example i used i believe was an 11 year old camry with 30 something thousand miles. By simply filling in a little information year, make, model, mileage, and vehicle condition kelley blue book will estimate the cars value, which in turn can be used during any one of a myriad of buying decisions. My sale price was 22% below kelly blue book for the exact specmiles. Sell us your car get a cash offer ron marhofer hyundai of. If you choose to sell your car yourself, the private party value stands as a starting point.
A caledonia mi chevrolet dealership, fox chevrolet is your caledonia new car dealer and caledonia used car dealer. Preowned vehicle dealer offers online trade appraisal to little rock ar. By clicking show me the money, i authorize this tradein valet dealer and its service providers to send me my vehicle appraisal, and sms text messages, phone. Our nissan dealership in knoxville offers new nissan, used nissan and other used cars for sale. Value your trade at dave dennis cdjr with our kelly blue. Bridge city auto sales used car dealer dealership ratings. Find trade in value for your current car in minutes sing our kelley blue book. We also offer auto leasing, car financing, chevrolet auto repair service, and chevrolet auto parts accessories 5000 trademistake. When youre visiting a dealership, you can walk in confidently with the kelley blue book tradein value and tradein range for your car. If you owe more on something than its worth, in the terminology of the industry that is known as being upsidedown, and it applies to roughly half of all newcar.
In any of those ads you will always see a disclaimer. New car prices and used car book values nadaguides. It is always possible to trade a car on which you owe more than its blue book value. Our nissan service center offers nissan service and maintenance in knoxville, tn. Maxwell fords kelley blue book car and truck value calculator can help. Check websites like kelley blue book or and use the tools to determine the value of your car, selecting options and entering details according to your cars features. Paying over blue book value for a private party used car user name. Will an auto dealer give me the kelly blue book value of my.
Jul 14, 2008 kelley blue book is just the suggested retail value. By submitting my cell phone number to the dealership, i agree to receive text messages, and phone calls. The standard tradein values based on year and make can be found on sites such as kelly blue book. If you dont know how to use this powerful internet tool to help your customer better understand. The dealer moved a car thatd been on the lot for 3 months. The dollar amount you pay for the vehicle before sales tax and. From a monetary standpoint, it seems ok to paying over book value for a car that will be easy to sell down the line and wont.
Im sure if i went this route, i would not be allowed to get some rebates so it all cancels out regardless. How much more than the blue book value can a dealership. Blue book cars is located at 4114 s orlando drive, sanford, fl. Mar 16, 2016 kelly blue book will buy your customers tradein, just not at the value they gave your customer. Used car buying should be easy, and it will be at our drivetime laurens road. Former used car salesman alan slone grows a conscience and reveals one of the major strategies dealership use to screw you when buying a new car. Kelly blue book provides valuations for used cars, based on the year of the car, the type of vehicle being traded in, the manufacturer and the condition of the vehicle.
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