Is AutoTrader instant cash offer legit?

So yes it is a scam type operation.

How does AutoTrader instant cash offer work?

An Instant Cash Offer representative will guide you through the process at the dealership, where a quick review of your car’s features will be performed. After you accept the offer, you may cash out or use it towards a trade-in.

What does instant cash offer mean?

The Kelley Blue Book® Instant Cash Offer is a real offer for a specific amount to purchase a consumer’s car or apply the amount toward another car. It is based on specific elements of the consumer’s car, like installed options, specific condition (such as dents and mechanical issues) and local market demand.

Can you negotiate at AutoTrader?

Tell the salesperson that you’re very interested in the car, but you’ll only proceed further if you can negotiate the price online. If you’re met with resistance, be forceful, and if a dealer suggests that they won’t negotiate online, don’t be afraid to walk away.

Is KBB instant cash offer negotiable?

The Scoop on the ICO Because KBB is a trusted source in determining used-car values and new car pricing, various dealerships around the country have partnered with the organization to streamline the sale of used cars for private owners. Basically, it’s a quick, no-haggle way to get cash for your car.

How does autoTRADER make money?

Auto Trader makes money from charging them a stock advertising charge on a per-car basis. Retailers with large amounts of stock can get a discount on the standard charge. More money can then be earned by upselling value-added services that help sellers become better engaged with sellers or to source their cars better.

What is trim on a car?

What Is a Trim Level? According to The News Wheel, the trim levels for a vehicle are just different versions of the model. Each trim level has different features, with the higher trim levels offering more equipment. The trim levels make each model identifiable by its particular features.

What is Kelly Blue Book instant cash offer?

The Kelley Blue Book® Instant Cash Offer is a real offer for a specific amount to purchase a consumer’s car or apply the amount toward another car. The Offer is valid for 7 days and can be immediately redeemed during business hours at any Participating Dealer, pending inspection.

How do you respond to a low ball car offer?

Let them know if they make an offer you like, you’d rather do the deal today and get it over with. This can work like a charm! Ask them what they think a fair price would be for the vehicle. If they low ball again, thank them for coming by but that you’re sure someone else will pay what the car is worth.

Do dealers honor KBB?

Most dealers do not use KBB for trade-in (wholesale) values. Instead, many rely on National Auto Research’s Black Book or the Manheim Market Report, neither of which is available to the public.

Is trade-in value higher than cash offer?

Why Trade-In Values Are Lower Basically the difference is because there was a dealer in the middle of the sale that needs to make some money, too. A direct person-to-person transaction would have brought the seller more money.