The
purpose of this tutorial is to provide you with some information to you
on how a professional appraiser determines the value of your vehicle
and to educate you on how to get the most for your trade. The
professional appraiser uses guides, market fluctuations, auction information and actual market conditions together to determine a vehicles value.
1.
The professional appraiser uses Black Book guides to determine the
maximum amount that the guide recommends a dealer to pay for that vehicle. This
maximum amount is based on a vehicle that is in perfect condition. It
is not common to receive the maximum amount as your vehicle must have
the perfect model configuration, color, equipment and mileage. Then
there are adjustments for equipment that is missing, tires, brakes,
tune-up, hoses, filters & flushes, shocks, exhaust, alignment,
belts, safety inspection, dent removal, paint repair, detailing,
scratches, cracked or broken glass, mileage, accident history.
2.
The professional appraiser then looks at the current local market
conditions, regional and national auctions as well as other buy/sell
reports to help determine the market value of your trade.
3.
The professional appraiser then takes the maximum amount in the guide
and subtracts the costs for reconditioning, resale, vehicle condition
and market conditions to determine its fair market value. Remember to
tell your salesperson everything about your vehicle, all equipment and
how it was maintained in order to receive the most money for your trade.
Submit this trade-in form and we will get back to you promptly with an appraised value.
