What is dealer trade in estimate Mean

Asked by Oct 12, 2014 at 08:04 PM about the 2015 Chevrolet Suburban LT 1500

Question type: Car Selling & Trading In

3 Answers

228,765

An estimate on how much your current car is worth when you trade it in when buying a new car.

32,925

So be straight with your description. In no way is the dealer obligated to the "estimate."

12,525

There are several prices of a vehicle. What the dealer will price it for on the lot to sell. What his bottom line is for him to sell it. What an estimated value of the vehicle is for retail sale on the lot. What a dealer will give you for trade in. He has expenses to clean up the vehicle and make sure it meets all rules to sell a save car, so that will be taken away from what he is willing to offer to take it in on trade in. He has a profit margin also to meet. Then there is what you'd ask for it selling to a private party vs. what that person is willing to pay for it. An estimate is just that. If you have a well maintained vehicle, all the records of repairs, never been in a repair shop or wrecked, the estimated price will be higher that for a well loved but abused beater vehicle. Once the dealer looks over the car, he will give you the correct price he is willing to take it off your hands for. Dealers prices are low, but you can normally get more from selling it to a private party. There are other variables, but not enough room here.

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