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Inventory & Acquisition

Vehicle Valuation Software for Dealers

The number is the easy part. Capturing it, putting it in front of the customer correctly, and following up when they say no is where stores lose cars.

Vehicle valuation software answers three separate questions: what the market says a car is worth, what you can own it for, and what number the customer sees. LeadLocate does not publish book or auction values. We handle capture, desking with correct state trade credit, follow up, and an inbound channel of local owners asking for an offer.

Three questions get compressed into one number

When a used car manager says he needs valuation software, he is usually describing three different needs that happen to end in a dollar figure. Pulling them apart is the difference between buying the right tool and buying a subscription that duplicates something you already pay for.

What is the market saying? Guide values, auction results, retail comparables in your radius, days supply on that year and trim in your market. This is data, and it comes from data providers.

What can I own it for? Your reconditioning reality, your pack, your turn assumption, your appetite for that model this month, and what your last three of them actually brought. This is judgment informed by your own history, and no outside product knows it.

What number goes in front of the customer? Which is not the appraisal. It is the appraisal expressed as a payment difference, with the correct state trade credit applied, presented in a way that survives the customer checking a value estimator on their phone in your parking lot.

Most stores buy something for the first question and then handle the second and third with a legal pad. That is where cars get lost, not in the book value.

What we do not sell, said before you go further

LeadLocate does not publish vehicle values. We are not a guide, we do not resell auction transaction data, and we do not generate an instant cash offer figure on your behalf. There is no black box producing a number that you would then have to defend to a customer.

We think that is the right boundary rather than a gap. The stores that consistently make money in used cars have a valuation source they trust and a manager whose judgment sits on top of it. A software vendor inserting its own opinion into that chain adds a number to argue with, not clarity.

What we do is everything around the number: capturing the vehicle and the appraisal against a real customer record, running the trade correctly through the desk in whichever state you deliver in, keeping the conversation alive when the customer does not trade today, and supplying an inbound channel of local owners who want an offer on a car they already own.

If you want the market data layer, our page on market based vehicle pricing software covers how to evaluate one, and trade-in appraisal software covers the appraisal workflow itself.

Capturing the appraisal so it is not on a legal pad

Ask a store how many appraisals it took last month. Most cannot answer, because the ones that did not turn into deals were never recorded anywhere.

That is a measurable loss. An appraisal is a customer who told you exactly what they own, exactly when they were thinking about moving it, and roughly what they wanted for it. Throwing that away because the deal did not close that day is expensive.

The capture path is deliberately fast, because anything slower gets skipped on a hot lot. VIN scanning through document AI reads the VIN from a phone camera, so a manager standing at the car does not key seventeen characters into a form. The vehicle attaches to the customer's profile, which holds multiple vehicle slots: several for what they are shopping and two for trades, so a household with two cars in play is one record rather than three.

Photos and documents go into the same file. Notes stay on the customer rather than in someone's memory. Because the mobile workspace is a real part of the product rather than a stripped down viewer, this all happens standing next to the car instead of after the customer leaves, which is the only version that actually gets done.

The number the customer sees is a payment, not an appraisal

Here is where appraisals go wrong even when the appraisal is right. The manager gives a fair number, the salesperson presents it as a dollar figure in isolation, and the customer compares it to an estimate they read online that assumed a different condition and no reconditioning.

The version that works presents the trade inside the deal, where its real effect shows up. In most states a trade reduces the taxable amount on the purchase, and in several of them that reduction is capped. That cap is worth real money to the customer and almost nobody explains it, because almost no desking tool applies it correctly without being told.

Ours does, because it has to. The desking engine carries a fifty state tax matrix, three lease tax methods, trade-in credit caps by state, and payment frequencies down to semimonthly. A trade number changes and the payment updates with the correct tax treatment for the state you are delivering in, on loan and on lease.

Then it goes to the customer as a page rather than a photograph of a worksheet. The customer facing deal page shows the vehicle, the structure and the payment options, on a short link you text, and can be signed electronically. Any figure is illustrative until credit is approved and terms are confirmed, and the page should say so. The desking tool page goes through the math in detail.

Appraisals that do not close today are a follow up list

Every store has a stack of appraisals from people who said they wanted to think about it. In most stores that stack is not a list, it is a memory, and it evaporates within a week.

Turn it into a cadence. Follow up processes and automations let you build one sequence for open appraisals and let it run: a text a few days later, a note when your market conditions on that model change, a check in as their situation shifts. Drip campaigns handle the longer arc for the ones who are six months out. Reminders keep the human commitments visible so a manager who promised to call back on Thursday actually does.

The mechanics that make this stick are boring and they matter. Messaging is consent based with opt outs honored everywhere. The phone validator and email validator check the contact data before a sequence starts, so you are not texting a landline and calling the customer unresponsive. RCS with SMS fallback means a message with the vehicle and the offer in it renders well on handsets that support it and still arrives on the ones that do not.

An aged appraisal list worked properly is one of the cheapest sources of used inventory a store has, because those people already came to you. More on the pattern at abandoned trade-in follow up.

Buying from local owners instead of only the auction

When auction money gets away from you, the answer most stores reach for is to bid harder. The better answer is to buy more cars from people who never take them to auction.

Seller leads are exactly that. They are local owners who filled out a vehicle offer request on one of our own landing pages and asked to be contacted by a dealership about selling. They are inbound and opt in. We do not go looking through listings, we do not contact anyone who did not ask, and no page of ours will ever suggest otherwise.

You define a territory around your store and the leads inside it come to you exclusively rather than being resold to three other buyers. Nothing is filtered or scored. We ask pre-screening questions at capture and deliver every submitted lead in the zone, with problems handled by post delivery replacement review rather than by a promise made up front. That is a less flattering description than most vendors give, and it is the accurate one.

The economics are worth doing on your own numbers rather than ours. Illustrative only: if a month's seller leads produce a handful of appraisals that turn into a few purchases, judge the program against what those same units would have cost you at auction plus transport, plus the condition risk you did not get to inspect. Do that math with your figures. Car seller leads explains how the territory and delivery work, and vehicle acquisition software covers the wider sourcing picture.

Knowing what an appraisal is actually worth to you

Once appraisals are captured as records instead of scraps of paper, you can finally answer questions that used to be arguments.

How many appraisals did each salesperson take last month, and how many became purchases. Which acquisition source produced units that turned fastest. How long between the appraisal and the buy on the ones that did not happen the same day. Whether your appraisals cluster on models your market actually wants or on whatever walked in.

Three reporting layers cover activity, company performance and a management roll up, and inventory source attribution ties a unit back to where it came from. That last one settles the annual debate about whether an acquisition channel is worth its cost, using your own results rather than a vendor's case study.

Two cautions. First, no reporting is better than the data entered into it, so if appraisals are not being captured the numbers will flatter whoever avoids the form. Second, we cannot promise a lead volume, an acquisition count or a gross figure from any of this. What we can do is give you the record that lets you judge it after ninety days on evidence.

If you want the inventory side of the picture as well, used car inventory management covers turn and aging.

What to demand from a valuation data vendor

Since we do not sell the data layer, here is what we would ask if we were buying one, from years of watching stores get it wrong.

Ask how often the underlying transaction data refreshes and how deep the regional detail goes, because a national average is close to useless in a market with local preferences. Ask how condition is handled, and get specific: how does a car with an accident on its history report and clean mechanicals get treated compared to a clean history car needing tires and brakes.

Ask what happens with thin data. Unusual trims, older units and low volume models are where guide numbers get least reliable, and a tool that projects confidence it does not have will cost you money on exactly the cars where judgment mattered most.

Ask about the consumer facing side. If a vendor also publishes estimates to shoppers, your customer may arrive holding a number from the same company you buy from, and you should know how those two figures relate before you are standing at a desk explaining the difference.

Then ask the vendor questions: contract length, what you can export, what happens to your appraisal history if you leave. Our own answer is month to month with no long term contract, from $199 on CRM Only and from $999 on the Marketplace Acquisitions plan that includes seller leads. See pricing, or contact us and ask directly.

Frequently Asked Questions

Does LeadLocate provide vehicle book values?

No. We do not publish guide values, resell auction transaction data or generate an instant cash offer figure. You keep whichever valuation source you already trust, and we handle capture, desking, follow up and acquisition around it.

How is a trade captured on a busy lot?

VIN scanning through document AI reads the VIN from a phone camera, and the vehicle attaches to the customer's profile, which holds multiple slots including two for trades. The mobile workspace means it happens standing at the car rather than after the customer leaves.

Does the desking tool handle trade tax credit correctly?

Yes. The engine carries a fifty state tax matrix, trade-in credit caps by state, three lease tax methods and payment frequencies down to semimonthly, so a trade change updates the payment with the correct treatment for the delivery state on loan or lease.

What happens to appraisals that do not turn into deals?

They stay as records on the customer and feed a follow up cadence built with automations, follow up processes and drips. Worked properly, aged appraisals are one of the cheapest sources of used inventory a store has, because those people already came to you.

Where do seller leads come from?

Local owners who filled out a vehicle offer request on one of our landing pages and asked to be contacted by a dealership. They are inbound and opt in, delivered exclusively inside the territory you choose. Nothing is filtered or scored.

Can you tell us how many cars we will buy?

No, and we will not pretend to. Volume depends on your market, your territory and how your team works the leads. What you get is exclusive delivery inside your zone, post delivery replacement review when something is wrong, and reporting to judge it on your own numbers.

More Resources from LeadLocate

Stop losing the appraisals that did not close today

We will show you VIN capture on a phone, the trade running through the desk with correct state tax credit, and the follow up cadence behind it. Month to month.

LeadLocate
Accepted credit cards: Visa, MasterCard, American Express and Discover
LeadLocate® All rights reserved. Other product and company names mentioned herein are the property of their respective owners.

Answers to your questions:

What is LeadLocate?

LeadLocate is an all-in-one lead generation software and CRM platform. We generate in-market sales leads and provide you with all the tools necessary to sell that customer. All of your leads, texts, calls, emails, deals, and files are available in one place, accessible with a single login.

Accepted credit cards: Visa, MasterCard, American Express and Discover
LeadLocate® All rights reserved. Other product and company names mentioned herein are the property of their respective owners.

Answers to your questions:

What is LeadLocate?

LeadLocate is an all-in-one lead generation software and CRM platform. We generate in-market sales leads and provide you with all the tools necessary to sell that customer. All of your leads, texts, calls, emails, deals, and files are available in one place, accessible with a single login.