You should always bear in mind that a car’s trade in value is equal to its wholesale value. Specifically, wholesale values pertain to the price in which the dealer uses to compute the profit, retail and trade-in prices of a certain vehicle. There are many sources and references for determining the value of a used car, these include the NADA, KBB, and Edmunds.com. There are many dealers who invest on an updates special order of the NADA black book, so they can deliver accurate price deals for every transaction. These books are not always within reach for the regular consumer, but if you key in your entire car’s information in reliable trade value websites, you’ll also get results in the same ballpark as that of the NADA Guides. Log on to the KBB.com, NADAGuides, and Edmunds websites so you’ll get a grip of wholesale trade-in values especially that of used cars.
Type in the make, year, and model of your vehicle of choice. Check out its transmission or engine options. Various models have varying transmission pairs and levels, and they come in different speeds and sizes too. For other options, fill in all the fields with your car’s add-on features. These features include a good navigation system, sunroof, leather seats, etc. The options that you will see in your car’s category are all pre-chosen to match your car’s manufacturer. Choose the most accurate pre-written assessment for your car’s present condition. These values range from excellent, fair, average, and good. Don’t forget to take note of your odometer’s present reading. Remember, the lower the mileage, the higher would be the market value of the car. Take down notes from your research. Document all the trade-in values that you have obtained from concerned websites. Get the average and the result would be the accurate value in terms of wholesale price.
Try not to lure yourself into checking out the private sale value of your car. This differs hugely from the wholesale price, stick to your primary options. Lastly, bear in mind that the wholesale value of a car depends on the present market trends. This means that if gas price plummets or surges, the wholesale value of cars for sale would also be affected. If you transact through a dealership, repair costs would also be deducted from the total value of the vehicle.