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If a vehicle with a Blue Book value of 25000 is traded in at a car dealership for a vehicle with a Blue Book value of 20000 What happens to the 5000 difference in the price of the two vehicles? |
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The dealer would most likely refuse to take the higher value trade as they are not in the car buying business. In order for the dealer to recoup the loss pay out of $5k, they would have to raise the $25k car to $30k on the lot, which wouldn't sell as the KBB value is less.
If KBB value is at $25k, you could most likely get lots more selling it privately ... and pocket even more cash.
No doubt, the dealer might nit-pick your trade to death (pits in glass, nicks in paint, etc) and make sure that its value was less than the one you wanted to buy.
If KBB value is at $25k, you could most likely get lots more selling it privately ... and pocket even more cash.
No doubt, the dealer might nit-pick your trade to death (pits in glass, nicks in paint, etc) and make sure that its value was less than the one you wanted to buy.
First answer by Bozidar. Last edit by Bozidar. Contributor trust: 564 [recommend contributor]. Question popularity: 1 [recommend question]
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Answers.com > Wiki Answers > Categories > Cars and Vehicles > If a vehicle with a Blue Book value of 25000 is traded in at a car dealership for a vehicle with a Blue Book value of 20000 What happens to the 5000 difference in the price of the two vehicles?
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What is blue book value? What does blue book value mean? Can they sell it for less than blue book? What is the theme california blue the book? What is the blue book value for a used car?
