KBB versus reality for trade in (2018 OR)

KBB has been accurate for me personally on my trade-ins usually getting the Very Good- Excellent values. That has been before the pandemic. U have to consider what if any discount is coming off the new vehicle also.

You can take your Tacoma to multiple dealers in your area to get offers to buy outright so u know what current wholesale(trade) value is in your area.

 

Typically between 20-30k tires are marginal and need replaced. Smaller stuff such as a cracked windshield and maybe broken trim pieces are common. Some stuff gets fixed but anything safety related must be fixed which includes tires, brakes, glass.

 

Why would you have to consider the discount from the car you are buying when it relates to the value of the car you are selling? Or maybe I misunderstood that.

OP, find the vehicle you want to buy, do not mention anything about a trade, once you get the OTD pricing on the vehicle you want to buy, tell them ok, price looks good, now lets talk about my trade. Otherwise you are really just playing a shell game and not getting the best deal on either end. It is pretty much the same thing as shopping for a car based on the payment.

 

The market is definitely changing. My wife and I have been considering trading in our 22 Tacoma TRD Off-road with 1700 miles for a 4runner or Highlander due to our family growing. KBB and dealer website trade in tools were giving us quotes of ~38-40k for trade in value. However, every dealer we’ve spoken to has only offered 34-35k. (Carvana did offer 39.7k). When we see the current interest rates over twice as high as what we currently have, it makes trading in a lot less attractive. We think we’re going to hold off on making any moves for now.


I think the rising interest rates and state of the economy have the dealers realizing they can’t be taking on used vehicles for near MSRP prices now that demand should be dropping hard. Most of them have told me they can’t offer near MSRP for a used vehicle, which I understand. However, if they weren’t still charging over MSRP for the used vehicles they have, I wouldn’t be looking for a new vehicle to begin with! Lol

 

Even this was months ago. Now with parts and labor rates increased we're averaging $3.5k into something like OP's Taco, never mind if it's older with higher mileage. Plus most vehicles from factory only have 30k mile tires so replacing those on just about every trade and tires aren't getting cheaper

 

Depends, every vehicle is different, also depends on if the dealership wants to certify it or not. Toyota has strict guidelines for certification and charges a flat fee to the dealership to make it certified (last I checked it was $650 per vehicle). Has to be as close to new as possible, anything more than 50% worn must be changed. Usually means tires and brake pads all have to be changed, any major cosmetic damage needs to fixed, plus paying the certified tech to spend the couple hours going through the 160 pt inspection, and fixing anything related to that. Plus detailing for show, etc, etc, etc. Adds up fast lol