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Why is there a difference between the Trade-in and Retail Values?

April 26, 2017difference retail trade-in values

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Why is there a difference between the Trade-in and Retail Values?

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The trade in price (the amount a dealer pays you) differs from the retail price (the price a dealer may advertises the car for) because a dealer has the following costs and considerations: refurbishment, valeting, servicing, stocking — storage, warranty, administration, title checks, profit, advertising & VAT.