Used Truck Values Nada – If you are thinking of trading in your truck to buy a new one, it is important for you to find out how dealers value the value of used trucks. The salesperson at your dealer will do everything he can to ensure that the company gets the best deal; knowing the approximate value of your truck can give you bargaining power and save a lot of money. Let’s look at some of the factors that influence the value of your used truck.
1. Book Value: Dealers will usually follow wholesale price guidelines from indices such as Nada or Black Book to get an estimate of how much they have to pay for your vehicle based on the year, manufacture and model. You can find out in advance what the brand, model, and year of the truck is like by checking the online price guide yourself before you talk to the dealer.
Used Truck Values Nada
2. Maintenance Note: If you have followed all scheduled maintenance and taken care of the necessary repairs, your vehicle will be worth more than if you neglected to change oil or handle minor repair problems. Make sure that you can document all the maintenance and repairs that have been made to your truck.
3. Mechanical Problems: If your car cannot run, or if you need major repairs before it can be sold, your vehicle will not get the highest score. However, it might not be a good idea to do this work yourself if you intend to trade vehicles – repairs will likely make you more expensive than the value.
4. Vehicle Condition: Although some paints and scratches on a paint job will not prevent the dealer from buying your vehicle, less work is needed to make it ready for sale if it looks clean, well-maintained, and free from major body weaknesses.
5. Availability: The price you will get for your vehicle depends on how many similar vehicles the dealer has. If he already has twenty trucks with the same brand and model in the parking lot, he probably won’t offer the highest dollar to exchange you.
Before you go to the dealer with your used truck, make sure it’s clean, both inside and outside, and remove personal items. Do your homework – find the average value of wholesale used trucks for your specific vehicle, and remember this number when you negotiate with salespeople. Remember, you don’t have to accept the first offer you receive; get around and get at least two or three offers before you make the final decision.