There are many benefits to trading in your vehicle, like significant savings on your down payment. That’s why Lester Glenn Chrysler Dodge Jeep® RAM makes it easy with the KBB vehicle trade-in value estimator. Here are a few of the factors the Kelley Blue Book estimator uses to determine the value of your vehicle.
Year, Make, and Model
It all starts with your vehicle’s year, make, and model. This gives the program a baseline by which to determine the current market value or trade-in value of your car. You can either input this information manually or share your VIN. Different trim options may have different values, so it’s essential to account for the trim of your vehicle.
One of the things that can make a vehicle more valuable is its rarity. While rarity doesn’t necessarily make your vehicle valuable, it may increase vehicle value relative to ordinary models. That’s why some cars rise in value over time, or specific trim options are more sought after than others.
Mileage and Condition
Another important thing to account for is vehicle condition. Even if you have a sought-after car, models in pristine condition will always fetch more at sale and trade-in than those with damage or excessive wear. The same goes for vehicles with lower mileage.
History of Damage or Accidents
Trade-in value will account for any history of damage or accidents, but if your vehicle has been damaged, don’t fret. That might only affect its worth a little, depending on the type of damage.
Most importantly, KBB takes information from the real world. This includes the current market prices for vehicles in private sales and at auctions and state and regional economic conditions.
Trade-In Your Vehicle in Toms River
When you’re ready to begin the trade-in process, Lester Glenn Chrysler Dodge Jeep RAM is here to help. Learn about the benefits of trading in your car at our dealership today.