Why Is a Car’s Retail Value Higher Than Trade-In Value?

Model Cars on a Desk with Money and a Calculator

What Are the Differences Between Trade-In Value and Market Value?

You may be debating – should I sell my used car or trade it in at a dealership? We want to buy your used car, truck or SUV at The Car Depot, but we know that you have questions about which option is the best fit for you. Birmingham-area drivers may want to know – what are the differences between trade-in value and market value? We can help answer your questions at The Car Depot.

Why Is the Trade-In Value Lower for Your Car?

You have options when you decide it is time to move on from your 1999 Honda Civic and get a brand-new car. You can trade your car in at a dealership, sell it at a dealership, sell it to a private buyer or sell it at The Car Depot for instant cash – but one may be a better choice for you than the others. We want to show you why selling your car at The Car Depot may be the best choice for you and your wallet.

Used Car Salesman with Thumbs Up in Front of a Used Car

Did you know that the trade-in value for your used car may be thousands of dollars lower than the private market value? This is due to a number of factors. A vehicle sold or traded in at a dealership must be evaluated, reconditioned, detailed and repaired before it makes its way to the dealership lot. This process takes time and costs money – which translates to less cash for you and a 15% – 20% markup on the sticker price to help make a higher profit. It may be quick and easy to sell or trade your used car, truck or SUV at a dealership – but you can expect a return price that is lower than the wholesale price for that model.

We do not sell cars at The Car Depot – which means that we are not trying to make an instant profit on your transaction and we can pay higher prices than a dealership that is attempting to turn around and sell your vehicle right away. We will pay a good and fair price for your used car and it is always our goal to meet or beat Kelley Blue Book® values. We provide the easy, transaction that you might expect when trading your vehicle in at a dealership to go with the higher price that you may expect from a private sale. The Car Depot is the best of both worlds.

READ MORE: FAQs About Selling Your Car at The Car Depot 

What are the differences between trade-in value and market value? Find out why your return for a trade-in at a dealership is less than if you sell your used car, truck or SUV at The Car Depot in Birmingham, AL with this quick overview. Contact The Car Depot today to find out how to get the best price for your used car!

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