Many times, however, we have shoppers who are looking to trade in their vehicle and are surprised by how much the number they have in their head differs from the actual appraisal value.
A great starting point is to look up a baseline trade in value from which you can work up or down, depending on your particular vehicle. It is important to have a realistic view of what you can expect to hear from a dealer before shopping. Two of the most popular sources to look up trade in values are Kelley Blue Book and NADA.
After finding a baseline from which to negotiate, some of the biggest factors influencing an appraisal are:
- The manufacturing year
- Overall mechanical and cosmetic condition
- Abundance or scarcity of vehicle type (supply and demand)
- Factory-installed features
- Backup sonar and/or camera
- High-quality stereo equipment
- DVD players
- Estimated reconditioning cost
- "Check engine" light symptoms
- Vehicle history (e.g. Carfax or AutoCheck)
- Service records
- Freshly detailed/cleaned
- Aftermarket products
- Lift/lowering kits
- Stereo equipment
- Windshield condition
- Towing packages
For more information on the Daniell Motors family, and to find your own vehicle, visit DaniellMotors.com.
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