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The Truth About Trade-ins and Used Car Book Values
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In order to place a value on your trade, dealers often refer to many sources, including Kelly Blue Book, NADA, wholesale and auction prices, and market knowledge.
While NADA and Kelly Blue Book can be a good guide, the only book that really matters is the checkbook of the dealer who's buying the trade. The dealer's goal is to pay as little as possible for the trade. That's why Auto Advisors tries to "shop" the member's trade among various dealers in our network.
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While dealers typically inflate the trade in value using rebates or other discounts off the car you're purchasing, we help you determine the actual cash value (ACV). The ACV could be described as the amount the dealer would be willing to pay for your car even if you were not buying a car from them.
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