![]() ![]() Look at the going prices for comparable vehicles. According to Kelley Blue Book, most used cars are sold in “good” condition, which means the car has some repairable cosmetic defects and is free of major costly mechanical problems. Adjust the value according to the car’s conditionĪ car’s condition can range from fair to excellent, depending on everything from engine health to cosmetic problems (or lack thereof). This is the price that the seller (perhaps yourself) advertises for the car. The MSRP is the standard new-car price set by the manufacturer for that model. MSRP (manufacturer’s recommended price).They have a higher price tag than regular used cars but typically come with the manufacturer’s stamp of approval and a longer warranty. Used cars that are still within warranty and pass a strict inspection are CPO vehicles. This is the price you can expect to see on the car’s window at a dealership. Without a middleman (the dealership) to jack up the price, a used car buyer could find a great deal. Buying a vehicle directly from an owner can be a better financial option for buyers as well as sellers. If you’re up for selling your car on sites like Craigslist, you can typically get a couple thousand more dollars in exchange for your trouble. ![]() It’s the lowest value here, as it’s much more convenient to essentially trade keys at a dealership than it is to sell a car directly to another person yourself. This is likely how much a dealer would pay for your car.
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