How Do Dealers Value My Trade?

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How We Value Your Trade at Giles Nissan Opelousas in Opelousas, LA

If you’re considering trading in your current car and upgrading to a new one, you may be wondering exactly how we value vehicles here at Giles Nissan Opelousas. We use Kelley Blue Book® to appraise vehicles and generate offers. After an in-person vehicle inspection at our dealership, our team will confirm or adjust the KBB® quote, making a final offer for the vehicle. Trusted by drivers and dealers alike for many years, KBB® generates accurate appraisals with an intricate, precise algorithm that considers many factors when determining a model’s worth. We’ve listed just some of these factors below so you can better understand how it all works when you get your KBB® Instant Cash Offer on our website. Keep reading to learn more!

Your Vehicle’s Details

To appraise a vehicle, KBB® considers the year, make and model, along with the car’s mechanical condition (new, good, acceptable or poor), mileage, exterior and interior condition and added features. Customizations can raise or lower the quote quite a bit, depending on the parts or package you added to the vehicle.

Supply and Demand

When we verify your quote in person, we’ll take into account our current inventory to help us determine whether to adjust the KBB® offer or not. Similarly, KBB® is influenced by real-time vehicle supply and demand, and the algorithm is updated frequently to reflect the market. For example, if buyers become interested in a model that’s out of stock due to supply chain issues, the value of that model goes up. Or, if gas prices have skyrocketed and fuel-efficient vehicles are in high demand, KBB® will provide higher Instant Cash Offers for models with great mpg.

Regional Differences

Throughout the country, KBB® offers are adjusted to reflect the needs of buyers in each area. For example, those who live in the suburbs may need a ride that can handle a long commute into the city, and so they’ll pay more for a fuel-efficient, compact car that’s easy to park. People who live in the mountains or rural areas will look for vehicles that have 4x4 or all-wheel drive. Similarly, a buyer who needs a truck for farm or construction work will pay more for a hefty pickup that can tow and haul with ease. KBB® takes these and many other regional differences into account when creating Instant Cash Offers.

Ready to upgrade your vehicle? Value your trade online and get your KBB® Instant Cash Offer. If you love your offer, head down to Giles Nissan Opelousas at 4383 I-49 South Service Road, Opelousas, LA 70570 to have your quote and vehicle verified in person. We look forward to serving our customers from Carencro, Eunice, Port Barre and Central Louisiana.