How is trade value calculated?
How is trade value calculated? Factors that determine the value of your trade-in include the condition of the car, the demand for that particular make and model, and your skill at negotiating a price. The resale value is the highest amount that you're likely to get using your car as a trade-in. How do car dealers figure trade in value? As stated above, the Black Book is what dealers usually refer to when trying to figure out how much a used vehicle or trade in is worth. Consumers will typically use Kelley Blue Book values when estimating new and use...