Is market value the same as trade in value?

Fair market value refers to the current price you can get for an item, whereas trade-in value a buyer is willing to give you in exchange for purchasing an item.Click to see full answer. Likewise, is Kelley Blue Book trade in value accurate?Many experts believe Edmunds values are more accurate than KBB. NADA pricing is often higher than Kelley Blue Book since the algorithm has a standard that calls for all trade-ins to be in very clean condition. As a result, you may need to adjust NADA prices down.Similarly, what is a trade value? The net trade-in value is the amount of money offered to you by a car dealer for your old car, to be applied as a credit toward your purchase of a new vehicle. The net trade-in value is the amount of money a car dealer will offer you for your old car in trade, to be applied to the purchase of a new car. Also to know is, what is the difference between trade in value and retail value? Trade-in value is the price that a car dealer is willing to give you for your old car when you buy another model. The trade-in value is lower than the retail value. The reason for the lower amount is the dealer may need to repair or make other modifications to the car before placing it for sale on the used car lot.What is my car’s trade in value?Trade-In Value is the price a dealer would offer for a consumer’s vehicle to apply toward the purchase of another car in the dealer’s inventory. The trade-in value is more closely aligned with the auction wholesale value, meaning what the car would sell for at an auction to interested retailers.