How Much Will A Dealer Pay Me For My Car

What Can I Expect A Car Dealer To Buy My Car For?

A Car Dealer will (Want) pay you around 15-20 percent below retail for your car.  That’s assuming, of course, that you have no major damage, accident records, or mechanical concerns that they will have to spend money on in order to resell it to the public or another dealer.

Where this can get tricky is with the dealer, of course.  Some dealerships will run to the computer and check current auction data for your car (To see how it’s selling between the dealers) and quickly give you that price to get the deal done.  Other dealers, however, will take the opportunity to see what they can squeeze out of the deal.  

Do You Lose Money Trading In A Car? (Or Selling To A Dealer)

Yes. Trading in or selling a car to a dealership is a convenience:

  • Not listing your car
  • Not taking annoying phone calls
  • Not meeting strange people in well lit parking lots late at night for test drives

These are the enjoyable moments that you won’t have to experience by selling to a dealership, and for that, you are going to pay.   

How Much?

Whereas selling a car privately you can expect to get just below retail (On average), at the dealership you WILL be paid a wholesale value, possibly even less if you are not prepared.

How To Be Prepared For Trading In Or Selling Your Car To A Dealer

The question you really need to answer first is obvious- How much is my car worth?  To do this best you will need to know exactly what the dealer knows:

  1.  Retail Value
  2.  Wholesale Auction Value
  3.  Condition

The condition of your car is vital in understanding it’s value.  Get this wrong and you will either never trade in your car (High price), or you will end up trading it in for well below what you deserve. 

For condition, I recommend ordering a local vehicle inspection.  When the hustlers try to convince you there is something wrong with your car that will bring down it’s value, having this report will end up saving significantly more than time and hassle than they’re worth.

We Can Do Better:

Autohitch is actually going to research what the dealers are buying and selling your car for among each other to get you EXACTLY what dealers think your car is worth

Simply head over to our Home Page and fill out the form for our $20 Car Shopping Service and we will get to work, not only getting you pricing data, but also checking your vehicles documented history for any issues that a dealer or potential private buyer might find if they were to look.

Of course, this is a service, and if you are on a tight budget we understand.  If that is the case, your next best option WILL be to browse vehicle listings online.  The key is going to be to find the most similar cars within no more than 100 miles in order to get the most accurate number. 

Take the average that you get and cut it by 20%, then take off an additional $500, more/less if your car is in more or less need of repair and cleaning.

Imagine the shock a dealer will have when you offer the exact number they know your car is worth before they ever even look it up!

Will A Dealership Buy My Car If I Still Owe Money?

Yes, a Dealership will absolutely Buy and Trade In your car if you still owe money on it, and they will even pay you extra if there is a difference in your favor. 

The truth is that dealers want (Really Badly) cars for their lot from private individuals rather than those sourced from dealer auctions because the public’s cars are usually in better condition.  They are also more favorable to more Used Car Buyers than an auction car.

Conclusion

The one thing you can expect a dealer to do when buying your car is to make money!  The question for you is if they will make a fair amount, or if you are going to let them take advantage of you…

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7 thoughts on “How Much Will A Dealer Buy My Car For

  1. My VIN is WBA37435NH06882. PLEASE provide me a free Carfax report. I really appreciate how informative your site is and am thankful that I found it. Thank you

    1. 12/13/2015 CA Independent Source VEHICLE MANUFACTURED AND SHIPPED TO DEALER
      12/13/2015 CA 17 Motor Vehicle Dept. ODOMETER READING FROM DMV
      01/13/2016 CA Motor Vehicle Dept. TITLE(Leased Vehicle)(Lien Reported)
      REGISTRATION EVENT/RENEWAL(Leased Vehicle)
      01/19/2016 CA Motor Vehicle Dept. TITLE(Leased Vehicle)(Lien Reported)
      07/07/2018 CA Auto Insurance Source REPORTED AS INSURANCE LOSS – VEHICLE SOLD BY INSURER. CLAIM PAID TO INSURED
      07/07/2018 CA Auto Insurance Source VEHICLE REPORTED AS TOTAL LOSS
      07/07/2018 Auto Insurance Source VEHICLE LOSS CAUSED BY COLLISION
      07/07/2018 Auto Insurance Source VEHICLE LOSS CAUSED BY COLLISION
      07/26/2018 CA State Agency ACCIDENT REPORTED, Event Date is date reported to AutoCheck
      10/22/2018 CULVER CITY, CA Motor Vehicle Dept. REGISTRATION EVENT/RENEWAL(Leased Vehicle)
      10/25/2018 CA 7,846 Motor Vehicle Dept. TITLE(Leased Vehicle)
      SALVAGE
      11/07/2018 7,846 Auto Insurance Source REPORTED AS INSURANCE LOSS – VEHICLE SOLD BY INSURER. CLAIM PAID TO INSURED
      VEHICLE LOSS CAUSED BY COLLISION

  2. Hi! I enjoyed all the information you have out in this article, I was wondering about this car I got from a used car dealership a few weeks ago, it’s a 2005 silver Subaru Legacy 2.5L the vin number is 4S3BL616957226381

    1. Unfortunately we are now charging $20 for this service and it wouldn’t be fair to others who have paid for the auction data if I just did yours now for free. But if you got the car and are happy, wasn’t it worth it?

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