Determining the Market Value of a Classic Car


#market value of cars
#

Determining the Market Value of a Classic Car

By Tony and Michele Hamer. Classic Cars Expert

Whether you’re buying or selling a classic car, you will want to determine its fair market value. Publications such as the Old Car Buyers Guide, Hemmings or NADA s Classic, Collectible and Special Interest Car Appraisal Guide Directory are a good place to start. Their price guides rate a car s value using 6 categories according to their conditions that range from “pristine” to “basket case”.

To appraise your car and determine what category it fits into, rate each of the following items on a scale of one to five, using five as the maximum value.

Continue Reading Below

Then total your points for all 20 categories. Compare the points you have given the car to the 100 point maximum. Use this six category valuation to determine the car s market value.

  • Category 1 would be a 90 point car
  • Category 2 would be a 80-89 point car
  • Category 3 would be a 70-79 point car
  • Category 4 would be a 60-69 point car
  • Category 5 is would be a 40 – 59 point car
  • Category 6 is any car under a 40 point car

Inspect and Rate the Exterior
Body

  • Stand 2 to 3 feet in front of each headlight and taillight individually so that you can view the side panels at an angle to inspect for waves or bulges or any signs of poorly done body repair .
  • Check for paint blisters for signs of rust, especially over wheel wells, along rocker panels and around headlights.
  • Use a magnet over various parts of the body to check for body filler. signs of previous damage and those typically known for rust.
  • Check for uniform gaps between the body and the doors, trunk and hood.

Points________
Doors

  • Check to see if the doors sag when they are open, particularly the driver-side, as this will be a sign of worn hinges.
  • Look for signs of aging and cracking in the weather seals around the doors and windows.

Continue Reading Below

Hood and Trunk

  • Inspect the hood for any rippling, denting and underlying rust.
  • Check under the carpeting in the trunk and around the wheel housings for rust.
  • Are the hood and trunk aligned properly so they close and latch easily?

Points_______
Top

  • Originally convertibles built prior to 1950 had canvas tops, vinyl tops appeared in the 1950s. Is the top made from original-type material?
  • Is the material worn or discolored, is the stitching coming apart?
  • Convertibles built from 1965 into the 70s usually had glass rear windows. Is the rear window of the convertible top of the original type?
  • Check the condition of the convertible top mechanism, does it lower and raise easily and does it fit snugly in place.
  • Check for dents on vehicles with metal tops.
  • On vinyl covered metal-topped cars, inspect its condition and assure it s sealed tightly without rips or other damage.

Points_______


Car Trade In Value


#car trade in value
#

Used Car Trade In Value vs. Retail Value

Car Trade in value VS. wholesale value, what s the best way to find out your car’s trade in value, learn the secret to sell your car to dealer for top dollars!

Car trade in value and wholesale value are essentially the same. The only difference would be the car s trade in value CAN BE higher than the wholesale value. To better understand the scenario. We will use a case study to illustrate both terms.

This page is fairly long as I’m trying to explaining the subject matter as precise as possible, so please be patient and read it from the top to the bottom. Then you will have a good understanding of Used Car Values as well as Used Truck Value .

Let s say you own a year 2003 Toyota Camry LE 4 cylinder base model and you are in the market of buying another vehicle, you went to this dealer and you like to buy the year 2008 Toyota 4Runner Sports Edition that they have on the used car lot.

The term trade in normally implied that you are selling your current vehicle back to the dealership as a TRADE, for whatever the value this dealer appraised for and you intend to purchase another vehicle at the same dealership.

Since you intend to purchase another inventory vehicle of the dealer you visit, meaning the dealership has financial interest on you (as a customer) and your vehicle (as a trade in vehicle and another used vehicle inventory to sell for profit). Therefore, your car s trade in value will vary based on:

  • Profit margin of the used car that you are interested in buying (2008 Toyota 4Runner)
  • Trade in vehicle condition, marketability, potential (2003 Toyota Camry)

To make the transaction happen, the dealer would either offer higher car trade in value for your 2003 Toyota Camry which is common practice, or lowered the retail price of the 2008 Toyota 4Runner that you would like to own. Or they will do both to earn your business.

The dealer will say it out loud that they pay you above the Black Book Car Values for your trade. Now you know their secret agenda about trade in value PERIOD! Well of course, if you are from Canada deals will go with Canadian Black Book .

Wholesale Value Is Book Value

Now let s define the term wholesale value. If you decided just to sell your car straight to the dealer without buying another one, the dealer will pay your car with itswholesale value.

Unlike car trade in value, a car s wholesale value is how much the car is sold on auctions (auction price), or the value that wholesalers would pay for.

Since this is a single vehicle transaction and less avenue for dealer to make profit. Sometimes a dealer would just print out an auction report to show you exactly how much was the car sold in recently auctions.

Depends on the mechanical and physical condition of your car, the wholesale value can be even lower than the auction report print out. Because there are reconditioning cost, repairs and safety inspections etc.

Should I Trade In or Sell On My Own

Obviously selling it on your own will get you the most money out of your car. If you are not comfortable dealing with private parties, or just not interested in selling by yourself.

Sell the car back to dealer would be your second choice, sure you leave some money on the table, but that s a quick and easy transaction. Especially for people don t have lots of time and need to sell the car fast.

If you own an older model cars like 15 years old or older, the car trade in value can be as little as $500 to $1,000.

If the car is still in reasonable driving condition, it s better for you to sell it privately than trade it in.

If on the other hand you own a late model car less than 5 years old, trade it in for a new car would much easier for you.

I personally recommend automotive.com fast free new car quote services, it takes a few seconds and you will get response within 24 hrs, just enter your name address and contact information, perspective dealers will contact you for the quotes of your desired vehicles. Give it a try and I think you will like it 🙂 Click the link below to begin:

How Much Should I Get

The author of this site always suggests you take your car to a reputable dealership with the same manufacture brand name of your car FIRST. If you own a Honda, take it to a Honda store first. Let theused car manager do the full appraisal, depends on the situation. They might even call a few fellow dealers to get their quote and offer you the final BEST they can ever get.

Then take your car to other dealers and shop around for BETTER price. Check your local newspaper, some dealers advertise they will buy your car regardless whether you buy their car or not. If there’s a Carmax Used Cars store near to where you live, go there and let them Appraise Your Car.

Here’s another tip – Check out the classified ad section of your local newspaper. Look for ad says: “We buy any used car under any condition, running or NOT”.

Give them a call and let them know if they can offer higher than the one you got, we can do the business. This way you just bump up a few hundred dollars of your trade-in by making a few phone calls.

Do you have any specific questions in regards to used car price guide? Enter the key phrase below and do a custom search within my site 🙂

Get a Free Quote on a New Car

Go to Used Cars Advice home page


Car Trade In Value, Value Your Trade


#trade in value of car
#

SUV Meets Convertible

Looking for a new car? Having a hard time with all the options? Car, SUV, Truck, Convertible, Sports Car, or Hybrid? Sometimes there are just too many options. Nissan now makes it easier by combining an SUV with a convertible in the new Nissan Murano Cross Cabriolet. This crossover, which seats four, is a breakthrough for the convertible.

The Nissan Murano Cross Cabriolet is the first of its kind. Some argue it is competition with the Jeep Wrangler. This 3.5 liter V6 engine gets 17 mpg city and 22 mpg highway. With 265 horsepower and 248 lb-ft torque, this crossover has a lot to offer. The Murano is the definition of luxury on wheels. With options for both the interior as well as exterior, there are many ways to customize this crossover.

It is evident that each aspect of this crossover was created with safety in mind. The automatic headlights, fog lights and LED taillights along with the heated outside windows are designed to make driving in any condition that much easier. The interior takes comfort and style to a new level. Complete with Bluetooth phone system, rearview monitor and USB-iPod connection, technology is not lacking with the Murano Cross Cabriolet. There are also 7 Bose speakers with a speed sensitive volume system to enjoy the free 3-month Sirius-XM subscription.

The Nissan Murano Cross Cabriolet also has driver’s seat, steering wheel and mirror memory making switching from driver to driver more convenient. Convenience also takes on new meaning with the Nissan Intelligent Key and the push button ignition.

The Murano Cross Cabriolet combines the best of worlds offering both SUV and convertible qualities. The Murano is a great SUV all around, with the added bonus of a soft-top convertible, this vehicle is hard to deny.

Written by Fort Wayne Nissan

Fort Wayne Nissan is a premier Nissan dealer in Fort Wayne, Indiana. Offering the best selection of new and used Nissan vehicles. This includes a large selection of new, certified pre-owned, and used vehicles.


Car Loan Value


#used car values nada
#

Car Loan Value

Informed consumers should know the car loan value of any car they’re considering purchasing. Determining car loan value is similar for both new and used cars. If you don’t know a car’s value, you can’t expect to get the best possible loan.

Other Car Loan Value Terms

When dealing with a car loan you might hear other terms with the word “value” attached, besides car loan value. Other terms you might encounter include: loan value, retail value and book value. These terms all refer to a car’s value but are called different names by car value assessing organizations. All the terms are used to assess your car for a loan and include the same basic components:

* The car’s make and model

* The car’s mileage and safety record

* The car’s transmission type

* The car manufacturer’s suggested retail price

* A car’s additional features like airbags, electronics and audio systems.

How to Determine Car Loan Value

There are several ways of determining car loan value. Usually when someone is talking about car loan value they’re referring to used cars. There’re three nationally recognized, widely used car valuation guides: NADA, Kelly Blue Book and Black Book. You can access all three car value guides online with no charge.

Which book is used to determine the value of your car is dependent on what part of the country you’re in. Car values vary in each book and can vary from one geographic region to the next. Certain cars demand a higher price in certain regions. For example: four wheel drive cars are typically more popular in the south than in other areas of the U.S.; therefore, a car could have a higher value in Texas than in New York.

New Car Value and Car Loans

For new cars, research how much a dealer has to pay. That value is called an invoice price. NADA, Kelly Blue Book and Black Book all show dealer cost before any other car manufacturer discounts. Most car loan lenders consider true dealer cost as the basis for determining how much they will loan for a car.

For example, if dealer cost on a car is $25,000 and they sell the car for $27,500, a lender may approve a car loan for 100% of dealer cost or $25,000. The car loan lender uses dealer cost to determine the car loan value.

How much over dealer cost you pay usually affects how much down payment is required. That’s another reason to go online and research your car and its value, so you can negotiate the best possible price!

Understanding car loan value will save you money in the long run, so do your research before applying for your loan!

Apply Online Today


Trade In Value Used Cars Phoenix Toyota Dealer


#car trade in
#

Structure My Deal Recent Activity

Trade-in Estimate

Est. Payment

What’s the difference between Prequalifying and Applying for Credit?

If you have credit concerns, we can help! Prequalify first to determine if there are financing options that work for you.

Get An Edmunds Quote | Trade In Value

In just a few minutes, you can receive an online appraisal of your vehicle! Using Edmunds.com Value Your Trade Appraisal Tool, Camelback Toyota is making it easy for you to find the true trade in value of your car right from the comfort of your own home or office. Once you fill out this simple online form, you will be contacted shortly with a great trade in price on your vehicle!

Complete a tradein value form now – we know you’re dying to see what we can offer! The process is simple: accurately fill out the online form, receive your tradein price and bring your vehicle into Camelback Toyota to have one of our specialists verify your vehicle’s condition. Then, trade it in for cold hard cash or a new or used car!

Not happy with the tradein price that other dealers have quoted you? Use Camelback Toyota’s online trade in form to get a used car value assessment that may offer you hundreds or even thousands more!


Trade in Value


#trade in value car
#

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
#

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


#black book car values
#

Blue Book Vs. Black Book Auto Value

Save

Shares & Saves

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.

Other People Are Reading

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.