How to Find Used Car Prices and Negotiate Best Deals
Buyers and sellers of used cars often wonder how prices and values are determined. How are values of used cars set? Who sets values? Are the values reliable?
If you are a buyer, is the seller’s asking price being fair? Are you paying too much? Can you talk the seller down on his price? What price should you offer without being unreasonable? What if the seller doesn’t accept your price?
If you are a seller, how much should you ask for your car? How do you determine used car values? What is a fair price to ask? Should you set a higher asking price to allow room for negotiation?
These are all common questions. Let’s try to answer them here.
Used car prices are not an exact science
We all know that a brand new car’s value begins to depreciate as soon as it’s driven off the dealer’s lot, often as much as 20% of MSRP (Manufacturers Suggested Retail Price – sticker price).