How Do Dealers Value My Trade?

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How Dealers Value Your Trade in Gainesville, FL

If you’re not sure how the trade-in process works, BMW of Gainesville has your back. In fact, we can give you some insight into how dealers value a model’s worth. We’re partnered with Kelley Blue Book® in order for our guests to get the most accurate quotes based on the current market. Our customers from Gainesville, Alachua, Lake City and High Springs often receive offers from us that they can’t pass up. KBB® utilizes a complex algorithm to evaluate models, so we’re going to simplify it for you. Continue reading for the list of factors that KBB® takes into account when your vehicle is appraised.

Your Vehicle’s Details

While the year, make and model of your vehicle are important factors in determining its value, KBB also considers its mechanical condition, mileage, exterior and interior conditions and any additional features you’ve added while you were its owner. Keep in mind that any customizations that have been made to the model could make or break its value, depending on what the changes are.

Supply and Demand

Here at BMW of Gainesville, we take our pre-owned inventory into account while KBB® is influenced by real-time customers. This means that if buyers are attracted to a certain type of make and model, the value of those vehicles will naturally increase. Another great example is if gas prices skyrocket, fuel-efficient models will be in higher demand and therefore boost in value as a result.

Regional Differences

Depending on where you’re located, buyers will have different needs depending on their jobs, hobbies and travel requirements and will typically pay more for the model that can support their lifestyle. For example, those who live in the suburbs most likely just need a compact, efficient sedan that can get them through the daily work commute without constantly needing to fill up at the gas pump. Others may require an SUV that is perfect for road tripping and transporting the whole family. Either way, depending on what the trending lifestyle is in your area, the model that caters to those needs will most likely have the highest trade-in value.

Ready to upgrade your vehicle? We can help. Value your trade online today! If you agree with your quote, head down to BMW of Gainesville at 2853 North Main Street, Gainesville, FL 32609 to have your quote and vehicle verified in person. If you have any further questions, contact us and we’ll be in touch shortly. We look forward to serving our customers from Alachua, Lake City and High Springs.