How Dealers Value Your Trade

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How Dealers Value Your Trade in Sarasota, FL

Are you new to the trade-in process? No worries — that’s why Gettel Acura is here to clarify how dealers typically value a model’s worth. Since we utilize Kelley Blue Book® for our estimates, many guests from Bradenton, Clearwater and Tampa find that they can’t pass up the offer. This is because KBB® uses a complex algorithm that leaves no stone unturned since it considers many different factors. Continue reading and we’ll explore the attributes that are considered so that you know exactly where that appraisal number is coming from.

Your Vehicle’s Details

In addition to the year, make and model, KBB® takes into account several factors: the mechanical condition (ranging from new to poor), mileage (offers are typically higher for lower mileage), the exterior and interior condition, as well as any additional features you’ve added over time. Customization, depending on the part or package, may either increase or decrease your final quote.

Supply and Demand

While we consider our current pre-owned inventory when verifying quotes in person, KBB® is influenced by real-time customers. If buyers are leaning towards a model that’s low in stock, the value of that model will naturally increase. Another great example is if gas prices skyrocket, then fuel-efficient vehicles will be all the rage, yielding a higher KBB® Instant Cash Offer compared to gas-guzzling alternatives.

Regional Differences

Buyers with regionally specific occupations, hobbies or travel requirements are often willing to invest more in vehicles that align with their lifestyle. For instance, suburban residents with lengthy commutes may prioritize fuel-efficient sedans that also offer easy parking. Individuals in construction may favor robust pickup trucks over smaller, less capable cars. Those residing in mountainous regions may prefer models equipped with reliable 4×4 drive systems.

Ready to upgrade your vehicle? We can help. Value your trade online today. If you agree with your quote, head down to Gettel Acura at 4891 Clark Road, Sarasota, FL 34233 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 Bradenton, Clearwater and Tampa.