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Trade-in Your Vehicle at Bob Moore CDJR
Get the best trade-in value for your vehicle with the KBB Trade. Once you know the value of your car, truck, or SUV, you can use it as a down payment for your next new or newer vehicle at Bob Moore Chrysler Dodge Jeep RAM.
How It Works
The Fair Purchase Price from Kelley Blue Book on used vehicles is the price that KBB has determined most people will pay a dealer for that model if it’s in good or excellent condition. The price is adjusted regularly as changes in the market happen.
The Fair Market Range for used vehicles is just an estimate of what you can expect to get out of your vehicle with typical mileage and amenities. You add in the options you want to include to get a more accurate estimate.
What once was known as the Suggested Retail Price is now called Kelley Blue Book Typical Listing Price. It is based on the assumption that the vehicle is reconditioned and has a clean title. It also includes a profit for the dealer, costs for advertising, and commissions, along with other expenses. In layman’s terms, it is the price you should expect the dealer to ask for, but you may not need to pay that amount if you can get discounts and negotiate a lower price.
Mileage impacts the value of a used vehicle if it lies outside what is considered typical for a particular model and age. Location also matters, and Kelley Blue Book adjusts pricing based on geographic region. Pricing is updated regularly to reflect changes in the market. However, not every vehicle will change value every time.
CPO and Market Conditions
The Kelley Blue Book Typical Listing Price (Certified Pre-Owned) is the value of a CPO model, which is usually between $1000 to $2000 higher than a used vehicle. The actual price will vary based on the CPO warranty, popularity of the model, and the condition of the vehicle as well as local market conditions.
All you need to start is to know the year, make and model, and the mileage of the vehicle you want trade-in information. Provide your zip code, and you can get a custom trade-in price. Next, you’ll provide the trim name and determine whether you need to select the options available or price it with standard options. Certain colors will impact the value as well, so that is also included.
The area which can be the most confusing is when you assign the value of the car’s condition. Fair value requires mechanical repairs while good is for mainly cosmetic defects. If you have only minor or no cosmetic defects, it may qualify as very good or excellent. Only two percent of cars valued fit the excellent category.
How accurate the trade-in estimate is depends on the information you provide. The value price can provide a starting point for negotiations or an idea of how much you can sell your vehicle for to a private party. The KBB trade-in program can help you get into a better vehicle.