Step 1: Find out the trade value of the vehicle
This trade value will provide the approximate range the vehicle is in. i.e if the number is between 12 – 16 – take this value. Use the number that doesn’t include tax savings. Keep in mind, this trade-in tool does not account for pricing adjustments on vehicles that have been in an accident or have damage on their vehicle history report.
Step 2: Use Our handy calculator to get the value
Step 3: Shop knowing the approximate dealer profit
Once you’ve plugged in all the numbers, you’ll have the information to gauge the approximate dealership profit on that particular used vehicle. Keep in mind, if the vehicle is rare build, uncommon colour, or has a carproof claim, this estimate will be slightly off.
You can use this number to find a fair middle ground with the dealer for your next used car. You’ll probably find that most ‘used car only’ dealerships have marked down their inventory quite aggressively already, however it’s helpful to know where you stand in the negotiation and if either party is being unreasonable.
Reach out to us at email@example.com or if we can provide any other additional info! Good luck!