How Do Dealers Value My Trade?
How Dealers Value Your Trade in Eugene, OR
The trade-in appraisal process may seem daunting, but there’s actually a method to the madness. The team at Volvo Cars Eugene is here to answer all your questions on how we calculate our trade appraisals. We’re also partnered with Kelley Blue Book® — so you’re definitely getting the best possible offer when you come to us. Our customers across Roseburg, Springfield, Coos Bay and Florence can’t pass up our estimates and experience cost savings on their next new ride. KBB® uses a complex algorithm and considers a variety of factors — keep reading to learn more about how we come to our final number.
Your Vehicle’s Details
Of course the year, make and model are three of the top factors we consider, but KBB® also takes into account the mechanical condition and mileage that has accumulated over time. Make sure the exterior and interior of your vehicle looks its very best before you get it appraised. In addition, customizations can either positively or negatively impact the offer you receive —so try and revert your ride to its original state as best as you can.
Supply and Demand
While our pre-owned inventory helps us determine what models we need the most of when we verify quotes in person, KBB® is heavily influenced by buyer trends. If customers are attracted to a certain type of make and model and we’re low on inventory for it, the higher our final offer will be. Another good example is if gas prices rapidly increase, fuel-efficient models will have a higher demand, and as a result, will be anchored with a higher KBB® Instant Cash Offer.
Regional Differences
Where you live can significantly impact the trade-in estimate you receive. This is simply because depending on the population’s common occupations, hobbies and travel needs, they’ll most likely pay for a certain type of body style. For instance, for those who live in the suburbs with daily work commutes, a fuel-efficient sedan will be the fan-favorite. However, if many people work in construction, a hefty pickup truck with a large payload will be the type of model that drivers will invest in. Live in the mountains? Many adventurous drivers will pay more for 4×4 drive systems that can handle tough terrain. Overall, keep in mind that whatever is all the rage in your area, the higher your trade-in value will be.
Ready to upgrade your vehicle? We can help. Value your trade online today! If you agree with your quote, head down to Volvo Cars Eugene at 89320 N Game Farm Road, Eugene, OR 97408 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 Roseburg, Springfield, Coos Bay and Florence.