As a dealership, managing trade-ins can be a challenging task, especially if you’re still using pen and paper or WhatsApp for vehicle appraisals. Inaccurate appraisals can lead to unexpected reconditioning costs and a lack of visibility into the entire trade-in process. But with the right digital vehicle appraisal software, you can streamline the process and make it easier to manage.
Here are some tips and strategies for improving your trade-in appraisal process:
- Use a Digital Appraisal Software Solution: Appraisee’s digital appraisal software provides a full end-to-end trade-in solution that includes access to valuations, finance and history checks, estimated reconditioning costs, and a chat function that records all communication between all parties involved. This helps to ensure accuracy, transparency, and accountability throughout the trade-in process.
- Highlight Vehicle Damage with Pictures: With digital appraisal software, you can take pictures of any vehicle damage and highlight it for the customer. This helps to manage their expectations about the price they can expect for their vehicle and increases transparency in the appraisal process.
- Enter Reconditioning Costs in Front of the Customer: When you enter estimated reconditioning costs in front of the customer, they can see the structured process of getting their vehicle appraised. This not only increases transparency but also helps to build trust with the customer.
- Access Vehicle Valuation and Car Valuation Software: Appraisee’s digital appraisal software also provides access to vehicle and car valuation software, which can help you to determine the true value of a vehicle. This helps to ensure that you’re offering a fair price to the customer and reduces the risk of overpaying for a trade-in.
Using a digital vehicle appraisal software solution is the future of trade-ins for dealerships. It not only streamlines the entire process but also increases accuracy, transparency, and accountability. By implementing these tips and strategies, you can improve your trade-in appraisal process and ensure that you’re getting the best possible value for your dealership.
