How do you find the wholesale price of a vehicle?

To find the wholesale price of a vehicle, take into consideration the overall condition of the car and use websites like Kelley Blue Book or NADA GUIDES to estimate the value. Pay close attention to the condition descriptions and be as honest as possible to get the most accurate value.

How much cheaper is a wholesale car?

Typically you can expect the average car to be about $1,000 to $2,000 dollars cheaper than retail if you were to buy directly from the dealer auctions.

How much markup do dealers put on used cars?

When it comes to just how much a Car Dealer will markup a Used Car, the short answer is: Around 10 to 15 percent, or anywhere from $1,500 to $3,500 for your “Average” used car.

What is the wholesale value of a car?

The wholesale value of a vehicle is the value that a dealer would pay to purchase it from a car manufacturer. In the case of trade-in vehicles, the wholesale price might also be the price a dealer would pay to purchase the vehicle from a dealer auction. In any case, wholesale value is a measure…

How can I find out the price of a used car?

Some will give it to you. Some will not. Visit sites such as AutoTrader and Cars.com and check the Dealer prices for your vehicle. Try to determine an average price for vehicles with similar features and mileage.

How can I find the trade in value of my car?

In other words, when you bring a car to a Dealer to trade-in, the Dealer is going to get online to check the prices actually paid for that particular vehicle during the last few days at the Dealer auctions.

Can a dealer sell a car for less than the wholesale price?

You want to be aware that a dealer will receive 3% of the sticker price back from the manufacturer when they sell the car. This means they actually purchase the car for less than the wholesale price. The dealer will still make a profit if you should negotiate the price close to the wholesale price.