How to Get Accurate Used Car Pricing

Used Car Pricing

If you’re shopping for a used car, whether it’s for your trade-in or as your next new-to-you ride, it’s important to know the value of what you’re getting into. There are several resources you can use to get accurate used-car prices, including Kelley Blue Book (KBB), and various websites and printed pricing guides like Consumer Reports. You should also consider that most vehicles come in different styles with multiple options, and it’s important to assess a vehicle’s condition, mileage, and configuration accurately. Go here:

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Used-car wholesale prices, which are the price that dealers pay for a car at auction or from a private seller, have been falling throughout most of 2023 and are still below their normal levels. Manufacturers’ focus on a few more expensive new models over the past year has only exacerbated this trend.

Dealers buy cars at these low wholesale prices, then mark them up to cover their costs, such as reconditioning and marketing, when they sell them. It’s a process that has been around for years and can be difficult to spot unless you’re familiar with the lingo.

When it comes to buying a used car, you’ll likely be haggling over the asking price, which is negotiable. It’s a good idea to start with a low offer and then work up gradually. Be sure to clarify with the salesperson if you’re talking about the out-the-door price, which includes taxes and fees, or just the sale price of the vehicle itself. Some dealers will add bogus fees that aren’t necessary or fair and should be negotiated down or taken off the vehicle’s final selling price.

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