Why you need to know your Vehicles Resale value before you Sell
Everyone who owns a car should know what its resale value before selling or trading their vehicle. The only way to get the best deal is to know the value of what you are selling or trading. Resale value is the amount a buyer is willing to pay on the used auto market.There are several tools available to help you get any vehicle's resale value. The most common resale value tool is Kelley blue book. This site is available on line at www.kbb.com. You can get accurate resale values for almost any vehicle. Many dealers themselves use this site. The website is easy to use and extremely helpful. This site may give you more than one resale value. A private party resale value is the price available when using an ad to sell your vehicle in the classifieds. Suggested retail price is the price dealers are charging on their lots.Other tools that can be used to determine the resale value are newspaper ads and the Internet. Internet sites that sell cars also often have great research tools that allow you to compare prices and values. You can also look at the used car lot ads and check prices for your make and model. Remember that mileage and condition of the vehicle can add or subtract to that price.If trading in your old vehicle, remember that dealers are in the business to make a profit, which could mean less money in your pocket. They won't give you as much as you can probably get elsewhere; selling your vehicle yourself is often more profitable. On the other hand, it may take you longer to sell your vehicle on the open market than you are willing to wait.If you need to sell your vehicle fast, a dealer is the way to go. It often takes weeks, even months to sell a vehicle yourself. Emotion can also play a part in deciding to trade in an old vehicle rather than sell privately. Many people don't want to know who is getting their old car. They prefer going to a dealer so that they don't feel like they are giving something they value to someone who won't appreciate it.Once you have the resale value of your car, you will be better armed to deal with potential buyers and dealers. However you decide to sell, knowing a vehicle's true value can only help you make the best deal possible for you. Knowing the value will allow you to stand your ground when the low-ball offers come in, and also to make sure that the dealers do not take advantage of you, even if you need to sell fast.
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