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How much dealers undervalue trade-ins in the US—dealers pay below market so they recondition and profit; know market so you negotiate.
How trade-ins hide overpriced deals in the US—dealer inflates trade allowance and new-car price so you don't see true numbers.
Why dealers love trade-ins in the US—they buy below market, recondition, sell at retail; and they bundle with new-car deal so you negotiate separately.