Once in a while everyone faces the necessity to buy or trade or sell the vehicle. And probably there are no people with an inborn talent to assess the car or whatever there is. It is a difficult enough activity. And there are professionals to deal with that .But we shall come back to that later. First of all lets have an idea about what car price is in general. It is not a secret that a new car is worth more than the used one. And the vehicle loses about 20 percent of its original value right after pulling out the dealership or wherever. Different organizations will price the vehicle the way they consider best for them.
A secondhand dealer will give a costumer the trade price – which depends on condition of the car. Make sure the vehicle does not need any repairing before you go to the dealer.
Retail price – is a price of the car as if it has been bought from a show-room, it is the highest mark of the vehicles possible value.
Market value – the average price between the trade price and re
tail price. This is considered to be the most reasonable price. Even the insurance companies rely on that value. There is even a formula to find out the market value. We combine the retail price and the trade price and divide into 2.
Of course finding out those numbers is not as easy as it sounds. There would be a lot of preparation procedures. The car should be in the best condition it can get. If needs any fixing keep the receipt, as there will be negotiations about the car price. Do not try to hide any scratches or signs of accident. The dealers know the ropes better than you think. It is their job and they deal with it everyday. Try to give a good reasons to take your opinion into account. By that I mean giving all the documents .Woudnt hurt to ask a mechanic to make the computer diagnostics and complete examining of the vehicle( with supporting documents of course) Visit as many dealerships as possible. They may have different enough opinions and the prices. Insurance bills will be useful also as they have to value the vehicle to make sure they offer a reasonable deal.
Anyways in that case it might be more difficult to negotiate with dealership than with an individual. Dealer is more experienced. And he knows how to talk you into what he needs rather than you need. Dealing with individual will be easier as you give him stone hard proofs of your preciseness in car valuating. To get the information close to most accurate it can be a good idea to consult the online services kike Kelley Blue Book an Nada Guides. They are simple enough to use and you might print the results. Add them to your folder of all documents you use to value your car. Remember there will always be a confrontations when buying or selling a vehicle. Don’t be afraid to stand your ground.