At BuyBook Technologies, we believe so strongly in our proprietary pricing algorithms that we back our pricing with a purchase guarantee. And we're the only company in the automotive industry that does.
Each vehicle is priced in real time using the current activity at wholesale auto auctions and on dealers' lots as factors that impact our pricing decisions. Our methodology is based on more than three decades of professionally pricing and purchasing used cars at dealerships, auctions and online, and includes:
Our proprietary Desirability Index is a quantitative value that reflects the way a vehicle's price is determined in the open market. Unlike other companies, we take into consideration many critical factors like:
Every other pricing service in the automotive market bases its appraisals on the first 10 characters of the Vehicle Identification Number (VIN). By using the full 17-character VIN, a Guaranteed Trade-In Value from BuyBook Technologies takes into consideration:
Our system is highly sensitive to options, condition and previous damage, and also considers unique additional information about every vehicle. We use this detailed vehicle profile to determine an accurate trade-in value. Among the factors we consider: