sunroof, upgraded rims, roof racks, or a bed liner in a pickup truck) This means that they are often misleading since they can leave out critical details of why a vehicle is priced below market.Ĭonsiderations that are missed by these ‘good deal’ badges which can influence a value’s true ‘value’ include it’s vehicle history report ( Carproof), it’s interior condition (scratches, rips), if the vehicle was smoked in or not, or upgraded packages that may not have been decoded by the VIN (i.e.
Although these badges look comforting to the consumer, the are ultimately generated by a computer opposed to a human who audits each vehicle individually.
These badges are similar to what you find on Kijiji, which help denote a ‘fair deal’, ‘good deal’, or ‘average deal’ to the consumer based on the value the vehicle is being sold for. You might find the Kelley Blue book value badge on some Ontario car dealership websites since they now provide a tool for dealers to display alongside their used car inventory. The car value on trade in is about $2000 lower in this case because the dealer must put work into reconditioning the vehicle.Īs a rule of thumb, most Ontario dealerships will take a trade value, and sell the car for about 1-5% over that value + $2800 for reconditioning, which includes the vehicle safety, certification, new parts if required, and detailing of the vehicle to make it ready for the lot. This means better quality control and a happier client, with less problem’s or come backs. Generally OEM certified pre-owned (CPO) programs are more strict on safety and inspections before the car is allowed to be sold.
The reason why all 3 of these numbers are different are because in order to sell at the ‘dealership asking price, the dealer will need to safety and certify the vehicle to increase it’s car value and fall under acceptable manufacturer retailing guidelines.
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