How Do Dealers Value My Trade?
How Dealers Value Your Trade in Punta Gorda, FL
Not sure how the trade-in process works? You’ve come to the right place — Gettel Lincoln can help you understand how dealers value a model’s worth. We utilize Kelley Blue Book® to provide our guests with the most accurate quotes according to the current car market. KBB® has a complex algorithm that takes many factors into account, so our team has listed some of them below so that you know exactly how your vehicle is evaluated. Keep reading to learn more.
Your Vehicle’s Details
Along with the year, make and model of your car, KBB® appraises the mechanical condition (new, good, acceptable, poor), the mileage (the lower the mileage, the better), exterior and interior condition and any additional customizations you’ve made during your ownership. Keep in mind that customizations can raise or lower the offer you receive depending on what has been added to your model.
Supply and Demand
We always take our current pre-owned inventory into account whenever we conduct a trade with a guest, but KBB® is influenced by real-time customers. This means that if buyers are leaning towards a specific make or model and inventory is low, its value will naturally skyrocket. Or, if gas prices are on the rise, fuel-efficient models will become more desirable and therefore receive a higher KBB® Instant Cash Offer.
Regional Differences
Where you live can significantly impact the value your vehicle holds. Depending on the local population’s jobs, hobbies or travel needs, certain models will be in high demand. For instance, if you live in the suburbs, many people typically have a work commute in and out of the nearest city. In that case, fuel-efficient sedans will become all the rage. On the other hand, those who have a growing family or embark on frequent road trips may require more space — an SUV can deliver. Either way, depending on what’s trending in your area, there will be particular models that will have higher trade-in values.
Ready to upgrade your vehicle? We can help. Value your trade online today! If you agree with your quote, head down to Gettel Lincoln at 2021 Tamiami Trail, Punta Gorda, FL 33950 to have your quote and vehicle verified in person. If you have any further questions, contact us and we'll be in touch shortly. We look forward to serving our customers from Port Charlotte, North Port, Venice and Fort Myers.