Trade in Value


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Trade in Value

Last modified 3/27/2013 9:10:28 PM

Price valuation, car make and model and prevailing market conditions are what answer the eternal question “how much is my car valued at”. The Car Buyers understands that a quick car valuation seldom suffices because it’s by definition inaccurate. There’s a whole lot to more to selling a used car than just that. Cutting the sale of a car online for a great cash price is in fact a complex matter.

Some years ago I was unhappily selling used cars from lots in Melbourne, Sydney and Adelaide. Unhappily because I was tired of seeing sellers ripped off by the competition when I was trying to make an honest dollar selling a used car now and then. A young fellow wandered in and eyed a Chevy tagged at $14,699 for a quick cash sale.

“How’s it possible,” he drawled in his outback twang, “that I saled my car online tother day for just half and it was in better nick with no rust at all? How much is my car really worth? It’s standing over there. The bastard traded it right in.”

I didn’t have the heart to answer the young fellow because I was burning up inside with anger. I knew that greedy forecourt 2nd hand car dealers were driving the public into the hands of disreputable websites. But I hadn’t realised until then that there was hardly an online second hand car valuation free of some or other problem. It was then and there that I decided that Australian motorists deserved a better deal.

Birth of The Car Buyers

The first thing I figured out was that I needed more stock than I had in my showroom days. I realised that “sell car” and “best valuation” went hand in hand because it was all about the money. I needed to make sure that any Australian selling a used car for cash in Melbourne, Sydney or Adelaide came to me first, because they knew in their heart of hearts there was no better way to sell my car online fast for the best price possible

The idea caught on really fast. On city streets whenever a fellow asked his mate “how much is my car worth?” the answer came back speedily “best to be sure – find out what The Car Buyers thinks”. A few years later and I’m buying and selling hundreds of cars every month in Sydney, Melbourne, Brisbane, Gold Coast, Darwin, Perth, Adelaide, Canberra, Townsville, Mackay, Cairns, Wagga Wagga, Albury, Wodonga, Echuca, Mildura, Horsham, Bendigo, Ballarat and Geelong and loving every moment.

I’d Like to Help You Too

Assuming you’d like to sell your car online there are several different ways to do this. If you need a price valuation for car insurance (as opposed to selling a used car) then click here and I’ll be delighted to oblige. On the other hand if you need an honest quick car valuation then click here instead.

While both of these will cost you a token each, should you want to sell a car online to me then here’s even more good news. Ask how much is my car worth for cash and I’ll make you an offer I guarantee you’ll find extremely difficult to refuse. What’s more you also get:

  • No need to stand in queues for a tiresome roadworthy certificate
  • A price that holds good if the car is in average condition and strictly legal
  • My personal guarantee in exchange for your keys and papers
  • The money deposited in the bank the instant I’ve confirmed ownership

And that’s how The Car Buyers operates, and why it’s growing so exponentially.


BOOK VALUE USED CARS TRUCKS VANS SUVS KELLY VALUE


#book value of cars
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Kelley Blue Book Value Information

KBB.com – This is the book most people go for when they want to learn a vehicle’s market value, both financed and cash.

WHAT EXACTLY IS A BOOK VALUE?

It’s the vehicle’s present value, which is the cost minus the accrued devaluation (devaluation meaning the drop in a vehicle’s useful life because of its use. Companies will use the book value to come up with a price that recovers the cost of the vehicle.

Many people who shop on the Internet for their vehicles feel they are better deals to be had. For the most part, they are right. It’s much easier to apply and get an auto loan through the Internet. However, reality in this thinking is that Internet vehicle shoppers can get lots of information about the vehicle blue book values and hard to find invoice prices from years before. Oftentimes, these shoppers can get a better deal because of the knowledge they possess especially when they’re trying to get an auto loan.

It doesn’t have to be a stressful time – buying a vehicle. All you need to do is some your research and go to the dealership prepared to make the whole experience much better for you. When you do this, you save yourself a lot of time and grief. Plus, most dealers who have been in business for many years will know when someone is telling them the truth about knowing a vehicle’s book value. +

You might be wondering which book you need to look at when determining what a vehicle’s actual value is. Well, the best idea is to use both. The KBB book will list vehicle’s makes and models a little higher than what you see in the NADA book. So, using both means you can get a less biased and better feeling for the present market trends.

It’s important to note that the book value is only a tool to determine what your present vehicle’s value is. It’s not set completely in stone. Your car is only worth what somebody wants to pay for it right now or how much you want to finance the vehicle for. Both books are just guidelines to help you accurately figure out the price of your vehicle; it doesn’t matter what kind of vehicle it is.


Blue Book Vs. Black Book Auto Value


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Blue Book Vs. Black Book Auto Value

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The Kelley Blue Book and Black Book are both price guides for used vehicles, but they’re used in radically different ways. Consumers are apt to run across Black Book values only when they sell their cars to vehicle resellers. Blue Book is directed squarely at consumers.

For decades, the two guides were sold by subscription to automotive industry professionals, but the companies took different paths in the mid-1990s. Black Book continued to sell by subscription to “industry qualified users,” as the company puts it. Blue Book, however, became a consumer reference in the 1990s and makes its money from web advertising.

While Blue Book and Black Book don’t compete directly, Blue Book does compete with Edmunds.com. Edmunds originally published information booklets for car buyers and started its website the same year Blue Book did, in 1995. Both include valuations for new cars as well.

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Insider’s Guide

Black Book, which is part of the Hearst Business Media Corporation, gets its data from used-car auctions across the country — auctions where bulk-volume vehicle buyers get their stock. It captures and sorts out the selling prices to get usable data on specific vehicles’ values.

Some Black Book users invest in portfolios of vehicles to spruce up and ship to a different region of the country or the world. Other subscribers include insurers tracking vehicle replacement values and car-lease companies that calculate their rates based on the value of the vehicle when it is returned to them.

Then there are Black Book subscribers who buy cars like yours and resell them at auction and elsewhere. You won’t get the Black Book data directly when you sell your car, but it’s reflected in the valuations you get from car-purchasing businesses. These companies advertise that their quotes are based on Black Book values.

If you assume that preliminary quotes from such firms are high but binding quotes are low, those valuations can serve as guidance for pricing your own private transactions. That’s about the only use consumers can make of Black Book.

Local Deals

Kelley Blue Book says its valuations are based on “actual transactions,” and its print version covers values nationwide. Nevertheless, Blue Book valuations are emphatically local. You cannot get a price for selling your car or buying one without specifying your zip code.

Blue Book wants your zip because local car dealers want your dollars, and Blue Book wants theirs. Every valuation comes with listings of cars available from dealers in your area.

Blue Book values are updated weekly, the company says. Its valuations reportedly run higher than valuations on Edmunds.com, but you’ll want to check both whether you’re buying or selling.

Selling Price

If you’re buying a used car, you’ll start with the Blue Book search button labeled “Price New/Used Cars.” Although buyers can use a browse feature for car-model shopping, valuations hinge on precise information that you enter about make, model, trim, options, mileage, and even interior and exterior color.

Fill in the search details and the site gives you the fair market value for that specific car. The value is a range, and the specific dollar value for your car is pinpointed on that range based on vehicle condition. The results page also tells you the number of dealers’ vehicles for sale that meet your precise search criteria, and even points out vehicles priced above or below market value.

Asking Price

If you’re selling a car, click on “Check My Car’s Value.” You’ll go through a series of valuation indicators, just as you do for valuing a car you want to buy. You can get trade-in values and private-sale values. Private sellers can list cars for sale just as dealers can.