Automotive

Trade in value - Who to use for a more accurate quote?

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  • May 7th, 2020 12:06 am
[OP]
Deal Addict
Aug 1, 2007
2113 posts
653 upvotes

Trade in value - Who to use for a more accurate quote?

I tried running on quotes on both Canadian Black Book, and trader.ca, the respective HIGH and LOW values differ from $1200 to almost $3000.

What tools have you used before to get a trade in value and who seems to be the most accurate of all?

Thanks in advance.
9 replies
Deal Fanatic
User avatar
Jul 26, 2007
5280 posts
2844 upvotes
Toronto
If buyer have the desire for your car, they will pay the high $3000 difference. So wax and clean the car inside and out. If no one shows any interest and you can't wait, start lower the price to the lower $ difference.
Member
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Oct 25, 2011
371 posts
92 upvotes
Toronto
It's hard to say during this COVID19 time... a lot of inventory and little demand.
Deal Addict
Sep 3, 2005
3151 posts
795 upvotes
Vaughan
doesn't matter what you do. Dealers will never give you what your car is worth. You can find all the values in the world that your car is worth $3k, but you're never going to see anything near that amount.

Trade ins are only good for people who don't want to deal with the hassle of selling a vehicle.
For Sale

Nothing at the moment
Deal Fanatic
Apr 16, 2007
7960 posts
3246 upvotes
Financial District B…
malecoke wrote: I tried running on quotes on both Canadian Black Book, and trader.ca, the respective HIGH and LOW values differ from $1200 to almost $3000.

What tools have you used before to get a trade in value and who seems to be the most accurate of all?

Thanks in advance.
For Trade-In values all auto dealers use the business version of the Canadian Black Book that lists true wholesale values of vehicles.
What you get and see on the CBB website is not that.
----------------------------Licensed Credit Bureau member, S1, FI Automotive, CCP forums most banned = x 13 and counting, guess who that is?... stomped to the curb once again
[OP]
Deal Addict
Aug 1, 2007
2113 posts
653 upvotes
mikeymike1 wrote: For Trade-In values all auto dealers use the business version of the Canadian Black Book that lists true wholesale values of vehicles.
What you get and see on the CBB website is not that.
Thanks. If I'm getting a ballpark of $7000 to $9800 on the regular consumer sites, how far off will it be from the business version?
Deal Fanatic
Sep 1, 2004
6127 posts
4736 upvotes
phuviano wrote: Dealers will never give you what your car is worth.
It's about how much is your time and life worth entertaining random kijiji idiots and lowballers DURING a pandemic.

This is why nobody knows what new trade in price should be given wholesale has dropped 10%. If you think dealer trade-in were low before.... unless they can hide it in the new car margin, it's going to be even lower now.
Deal Fanatic
Apr 16, 2007
7960 posts
3246 upvotes
Financial District B…
malecoke wrote: Thanks. If I'm getting a ballpark of $7000 to $9800 on the regular consumer sites, how far off will it be from the business version?
Wouldnt know that unless your vehicle was actually looked up. Pricing can be all over the place from different publishing sources whether it be online or via a paper publication.
The CBB business version is the industry standard used by pretty well all auto dealers including banks and leasing orgs. FI's use them to evaluate LTV values for lending security.
But unless you know someone in person who works in the industry that either has the business CBB wholesale guide online or as a paperback version in their pocket you will never know what value is going to be correct.
One thing I will reveal is the business version has 4 wholesale pricing categories for each listed vehicle, they are rough, average, clean and extra clean.
----------------------------Licensed Credit Bureau member, S1, FI Automotive, CCP forums most banned = x 13 and counting, guess who that is?... stomped to the curb once again
[OP]
Deal Addict
Aug 1, 2007
2113 posts
653 upvotes
mikeymike1 wrote: Wouldnt know that unless your vehicle was actually looked up. Pricing can be all over the place from different publishing sources whether it be online or via a paper publication.
The CBB business version is the industry standard used by pretty well all auto dealers including banks and leasing orgs. FI's use them to evaluate LTV values for lending security.
But unless you know someone in person who works in the industry that either has the business CBB wholesale guide online or as a paperback version in their pocket you will never know what value is going to be correct.
One thing I will reveal is the business version has 4 wholesale pricing categories for each listed vehicle, they are rough, average, clean and extra clean.
Got it thank you! Appreciate it!
Deal Addict
Jan 8, 2007
2741 posts
1279 upvotes
Calgary
I have always been able to get the low value on trade in from online version of CBB website. That doesn't include the current situation variable...

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