Ok, I know about KBB and Nada. I can find the retail value, the private party values (excellent/good/poor) and the trade-in values of used cars. What about the wholesale value? I understand that this is the guide the dealers use to determine the price for the cars they sell. I also understand that this value varies daily. Does anyone know of an online source (free would be great, low-cost would be ok) where you can go to get the inside line on the wholesale cost of cars (to better position oneself in bargaining with dealers)?
Saturday, 14 February 2009
fatgirl asked:
Ok, I know about KBB and Nada. I can find the retail value, the private party values (excellent/good/poor) and the trade-in values of used cars. What about the wholesale value? I understand that this is the guide the dealers use to determine the price for the cars they sell. I also understand that this value varies daily. Does anyone know of an online source (free would be great, low-cost would be ok) where you can go to get the inside line on the wholesale cost of cars (to better position oneself in bargaining with dealers)?
Ok, I know about KBB and Nada. I can find the retail value, the private party values (excellent/good/poor) and the trade-in values of used cars. What about the wholesale value? I understand that this is the guide the dealers use to determine the price for the cars they sell. I also understand that this value varies daily. Does anyone know of an online source (free would be great, low-cost would be ok) where you can go to get the inside line on the wholesale cost of cars (to better position oneself in bargaining with dealers)?
SOCCER MAN asked:
is there a good site/blog, guide, or anything that gives tips on what to watch when buying used cars (like leaks, signs of damages)
and if yes where can i find it
thx, (im not very familiar with cars obviously)
SO I NEED SOMETHING THAT CAN HELP ME NOT TO BE A TOTAL DUMBASS WHEN LOOKING A CAR
is there a good site/blog, guide, or anything that gives tips on what to watch when buying used cars (like leaks, signs of damages)
and if yes where can i find it
thx, (im not very familiar with cars obviously)
SO I NEED SOMETHING THAT CAN HELP ME NOT TO BE A TOTAL DUMBASS WHEN LOOKING A CAR
Saturday, 13 December 2008
Sports Automobiles Possess Beauty
Cars, in general, hold both form and function. The designers did not compromise aesthetics with performance.However, there there is something about sports cars that make them stand out when it comes to beauty. And we are not talking about external features only.
There is more to material features like, sleekness of the car, that define its beauty.
Here are some of the features that endear sports cars to car enthusiasts.
- Sports cars have attitude at 1st glance.
Sports cars talk the attitude that they possess. They are not like plain cars whose presence can be ignored. They captivate the eyes of those who view them. They imply that rush and enjoyment can be anticipated when their hands are those that operate the wheel.
Sports cars stand above other cars, that are seen every day, primarily because the designs imply what they are capable of doing. A sleek look really matches a car with sleek activities.
- Sports cars have got greater power.
Their power comes from their more powerful engines and has more specifications than other cars have. A sports car can do more than ordinary tasks because of the features that only they possess.
- Sports cars are built for driving pleasure.
Everyday cars make driving drab and dull, while on the other hand, sports cars primarily aim to give the drivers a "high" feeling of speed and control. Only sports cars can provide that need for drivers who seek adventure.
Sports cars add the thrill back to driving. They express what other cars can not. Sports cars are not fashioned just for practicality, but for pleasure too.
- Sports cars are made for drivers who enjoy their wild side.
Drivers do have the need to show this wild side. Sports cars make any road a locale to satisfy those needs. Only sports cars can match the wildness" that drivers innately have. For that reason, sports cars absolutely compliment the child in every driver.
- Sports cars have evolved and improved through the years.
Drivers appreciate the improvements that have been made to sports cars. You could say that sports car technology has endless possibilities. The stereotypes of sports cars have long been debunked. Those limits have been crossed. The only thing that car enthusiasts can do is to watch as these improvements unfold before their very eyes.
- Sports cars make their owners feel great about themselves.
Sports cars are lifeless. They cannot feel proud because they are beautiful, but their owners take pride in having them.
With all these things said about the intrinsic and extrinsic beauty that sports cars possess, only a person who does not appreciate their beauty and/or speed will not opt to buy one.
Friday, 21 November 2008
The Insanity Of Used Car Prices!
Here is an article about cheap used car prices in the U.S.
Author: Theodore Olson
Used car prices are elusive, despite numerous attempts to harness them. We've all heard of Retail, Private Party and Trade-in values. But do these "help" in determining a vehicle's real value? When we turn to the web for prices, it gets even more elusive. One web site places a retail value on a car at $18,000. Another puts it at $21,000. What should we believe?If sellers are looking to get the highest price for the car they're selling, and the buyer wants to get the best deal possible, is there such thing as a fair used car price for both parties?
The answer is yes, but both parties have to be on the same page. We'll call this "page" Fair Market Value.
That being said, how do we interpret the market to determine fair market value? Since most sellers and buyers are going to try to interpret the market to his or her advantage, let's even the playing field.
One of the most profound remarks I've heard to establish a better playing field for used car pricing comes from industry expert and owner of Medway Imports, Barry Roth. He states:
"To find market value, you need to take all the pricing data you find for a particular vehicle and throw out the high and low prices. What's left in the middle is where you'll find a fair market value."
While this doesn't address the used car pricing problem entirely, it does remove the unrealistic numbers that many clutch to like the drowning to a life preserver. It moves folks to more reasonable prices according to the market.
A lot of time is spent on popular web sites (for better or worse) to "help" determine used car pricing. But one should also follow and watch the market to see what cars are being advertised and sold for-if they're being sold at all.
Used car prices are also determined via auction pricing, and industry used car guides such as Black Book and the NADA Official Used Car Guide.
Importantly, even these books don't settle the used car pricing debate. Here's a publisher's note on the inside cover of the latest NADA guide.
It states:
The vehicle values in the N.A.D.A OFFICIAL USED CAR GUIDE,® are developed by N.A.D.A's editors based on many sources of information. These include reports of actual transactions throughout each area for which the guide is published.
The values in this guide assume a vehicle is clean. Appropriate deductions should be made for reconditioning costs incurred to put the vehicle in a salable condition. An exceptionally clean vehicle or one that bears a guarantee, warranty, or manufacturer certification should bring a premium price.
Please read your guide carefully when determining the value of optional equipment. N.A.D.A.'s editors believe that most optional equipment has little or no value on older cars. This is especially true of options that cost relatively little when new and which deteriorate with age or use. Only the more popular vehicle options are listed in the guide. Unless otherwise stated, all vehicles are assumed to be equipped with automatic transmission, air conditioning, compact disc player (and/or AM/FM stereo cassette,) power steering, rear window defroster, and tilt steering wheel. For other standard options, please review each vehicle's listing.
As you can see, even the most respected used car pricing guide "assumes" quite a bit, leaning heavily on the "opinions" of its editors to determine "appropriate deductions" and thus the ultimate value of a particular car.
So where does this leave car buyers and car sellers? After both parties throw out the high and low prices, it leaves them in the middle of the market. This is where they'll each get a fair shake(assuming vehicles are "clean"). Finding and picking a good or "clean" car is another story.
Article Source: http://www.articlesbase.com/automotive-articles/used-car-pricing-the-insanity-of-used-car-prices-94748.html
About the Author:
Ted Olson is the author of eight books and numerous articles on the automotive service industry. He is the founder of RepairTrust, a web site designed to promote fair car repair prices and used car prices
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