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re: Trade in vs private sale

Posted on 8/7/16 at 5:50 pm to
Posted by 756
Member since Sep 2004
14887 posts
Posted on 8/7/16 at 5:50 pm to
If you negotiate right at the right dealer you will get NADA trade- I know a few dealers that still use KBB

used car lots like to use Black book as their values are lower

Tough dealers constantly watch the auction price

The real key is how old is your vehicle, miles and condition-

IF a dealer thinks he can put it on his lot and sell it in 45 days he will give you NADA trade- if not he will walk back the price

Posted by CoachRobertson
Denham Springs
Member since Dec 2014
364 posts
Posted on 8/7/16 at 7:26 pm to
Carmax is high end of trade in/cash purchase value as they have the ability to ship to multiple states/multiple markets to get the $ out of it (they do not haggle, so they are going to sell retail value). But kbb & nada are range/estimates for your vehicle, as they do not buy vehicles, obviously. Now I work for a huge dealer, I can tell you that most people that trade in had their vehicle on the market for weeks and some months, realized that majority of private buyers want to nearly pay trade in value for vehicle, as I have not heard of any recent customers get kbb private party condition for vehicle. So most people trade for that reason (they get tax credit & they are the buyer, not the seller, thus have more power). GL
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