Quick Answer: What Is The Trade Value Of My Car??

The trade-in value of a car is the amount of credit that a car dealer is willing to offer you toward the purchase price of a new or used car in exchange for ownership of your old car.

Depending on the quality of the vehicle that you’re using as a trade-in, the savings can be in the thousands.

What is NADA value?

The NADA car values are updated every month in book and online form. Dealer NADA car values are different than the consumer car values they offer. Average Trade-In – This value is an average value for your vehicle, or what is close to what a dealer might offer you for your trade.

What is the Blue Book value of my truck?

The term “Blue Book Value” refers to the value of a vehicle by a guide known as the Kelley Blue Book. The guide not only lists the value of new vehicles, but it also lists used car values. Since the 1920s, the Kelley Blue Book has served as a standard within the auto industry in the United States.

Do dealers use KBB or NADA?

In the most basic sense, Kelley places a large amount of emphasis on mileage, condition, features, and popularity, while NADA tends to focus on the vehicle’s wholesale price (i.e. what the dealer paid for the vehicle).

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