Trade in car valuation
Hi everyone, just wanted to see if anyone here has been through a similar situation and could offer some advice.
I recently got approved for a BYD Shark 6 with delivery coming up soon. Before inspection, the dealership estimated my 2020 Toyota Fortuner Crusade trade-in at around $36k market value. However, after inspection, they reduced the actual trade-in offer down to $22k due to cosmetic scrapes and reconditioning costs.
Wanting to compare options, I went to another used car dealer and they offered me $28.5k for the same vehicle, which is obviously a massive difference.
Now I’m trying to decide:
Should I just sell the Fortuner externally instead of trading it in?
Has anyone changed their trade-in arrangement after finance approval but before delivery?
Did the dealership allow you to adjust the finance amount afterwards?
Is it worth the extra hassle selling privately or through another dealer?
The BYD delivery date is coming up soon, so I’m trying to make the smartest financial decision before finalising everything.