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Trade-in value: This is the value of your car after trading it in to a dealer for another car. Trade-in value is calculated after the dealer assesses your vehicle’s condition and factors in what ...
According to Bloomberg News, trade-ins for underwater vehicles are costing buyers of new cars nearly $6,000. “Among new car buyers, those carrying negative equity on their trade-ins were ...
For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value. [20] [21] Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and 5-year cost to own information for new cars. [22] [23]
For example, if you trade in a car with a market value of $10,000 and you buy a new car that's valued at $15,000, you'll only have to pay sales tax on the $5,000 difference.
Trade-in value is an important facet of the car deal. Many websites offer trade-in value estimates. [ 11 ] However, most of these values are estimated from a theoretical chart that may or may not be based on recent average sales prices of a particular make and model.
Used car pricing reports typically produce three forms of the pricing information. Dealer or retail price is the price expected to pay if buying from a licensed new-car or used-car dealer. Dealer trade-in price or wholesale price is the price a shopper should expect to receive from a dealer if trading in a car.
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