Sometimes our staff is asked about the Car and Driver Trade In Value. As far as we can tell, the online magazine offers advice about trading, but it doesn’t actually evaluate vehicles for sale. In fact, in its articles, it often quotes Kelley Blue Book.
Kelley Blue Book has a tool which gives drivers a way to see what their used car is worth. It’s important that consumers have a valuation tool they can trust and not a tool that can be manipulated by car trading websites that want to put the seller at a disadvantage.
By the way, did you know that Earnhardt Lexus is willing to buy your trade in without expecting you to buy from us? It’s how we maintain our stock of good used cars. We hope you will consider us if you are ready to trade. Our KBB trade in tool is the way to get a cash offer to bring to our appraisers for an inspection and validation.
A Car and Driver trade in value is not made for a specific vehicle, but rather as part of a general comparison. A person could get some information from the magazine as background. However, the actual valuations won’t be done by the magazine even if there is reference to such a trade in tool.
Before you click on any valuation tool, you should know what the source of its information is. If you haven’t heard of the information source, then it may be an evaluation tool in name only. Car trading websites should have completely independent valuation tools; otherwise, it is unwise to trust the trade-in values. In addition to Kelley Blue Book, other possible sources to trust are NADA and Black Book.
In many situations, it is to the consumer’s advantage to deal with real people who live in their community. You can call us, visit us, or contact us online with your questions. To take advantage of the KBB appraisal, you will want to visit our dealership within seven days.
It is important to understand how much information is gathered to make Kelley Blue Book valuations. The company evaluates much more than individual vehicles. It has built its reputation on understanding the market forces that drive resale values.
Kelley Blue Book begins evaluating a vehicle for resale as soon as it is released. The company makes projections about what each model will be worth after five years. They look at things you’d expect, such as vehicle specifications and trim levels. However, they take many other factors into account, such as sales data and vehicle class competition.
Their analysts are constantly studying the automotive market and economic conditions. They gather data on the service needs and longevity of each model and make assessments of each brand. All of this is done in order to make valid recommendations about new and used cars.
There are many, many statistics collected and utilized in the Kelley Blue Book valuation tool, which we use on our website. That’s why we know that our business can rely on it for fairness, and that’s why we recommend it to sellers.
Please feel free to use our tool to get your initial car appraisal. At Earnhardt Lexus, we are ready to buy your vehicle.