
There are a multitude of variables that come in to play
when considering the True Market Value of a used vehicle,
and all need to be considered when attempting to determine
that value, whether you are buying, selling, or trading.
There is always a starting point, and a path to follow, using
the CAR APPRAISAL TIPS I have outlined for you below.
First, determine what the vehicle is; year; make; model;
miles; major equipment, and options.
Determine the overall condition of the vehicle; body; paint;
glass; drive-train; interior; glass; tires; electrical; overall
mechanical; and other.
Then classify the condition of the vehicle according to
standards such as Kelley Blue Book.com. Using one of the
KBB standards (KBB has four condition categories for used
vehicles; Excellent; Good; Fair; and Poor) book the vehicle
to determine a value. Kelley Blue Book lists three categories
for used vehicles; (1) Trade-in, what you might get for your
vehicle when trading, the lowest of the three values, (2)
Retail, what a dealer might ask for a vehicle, the highest of
the three values. I price all of my personal vehicles using
this category as I expect to sell them at top dollar due to
market desire and the excellent condition of the vehicle, (3)
Private Party Value, what you as an individual might price
your vehicle at, the middle value.
When (1) the overall condition is determined, (2) calculate
the amount in dollars needed to recondition the vehicle to
bring it up to a good service standard and meet all safety
and emission standards as required by law. There are a
multitude of parts and pieces and a multitude of areas to
consider when determining a value. Brakes, tires, cold A/C,
battery, glass, paint, upholstery, carpet, just to name a few.
Typically a good car appraisal sheet would have over 75
pieces to look at, evaluate, and price for reconditioning. A
good dealer will generally have about a 125 point inspection
program in the service department, as does the
manufacturer for certifying a used vehicle to be resold with a
"factory warranty".
An honest car appraisal has to be complete, thorough,
accurate, and exacting. A windshield could cost over a
thousand dollars on some vehicles. ABS brake repairs and
replacement could run into the hundreds, even thousands.
Tires are $300.00 a set to $300.00 apiece, depending on the
vehicle.
The point is that in order to determine a True Market Value
one must have the tools, CAR APPRAISAL TIPS, and know
how to use them. In addition there are another set of
variables that further work to determine the vehicle's value.
Professional appraisers are also aware of their local market,
their own "on the lot" value, and what the vehicle will bring
at the auction or what a wholesale buyer will pay for it.
Even those values will vary by a couple of hundred to a
couple of thousand dollars.
What does that mean to you, the person trading a vehicle?
It means that one dealer's gold may be another dealer's
"wholesale piece". How does that happen? A dealer that is
experiencing slow sales may not want to stock your
$25,000.00 trade-in and appraises it for $22,000.00 while
another dealer knows that your vehicle will not clear the
shop before it sells and will pay $26,000.00 for it.
Appraisers are human and can and will make mistakes.
Appraisers also determine the value of your vehicle using
their brain, auction values, the dealership position on a
particular type of vehicle (they may hate it or love it), and
the opinions of others at their dealership and even will call
a dealership that sells that vehicle new to get a feel from
them of today's value. All of the CAR APPRAISAL TIPS you
will ever need are found in thebestdealofyourlife!
Here's the bottom line for you, if you trade your vehicle
without doing your homework (CAR APPRAISAL TIPS) you
could LOSE A FEW THOUSAND DOLLARS in the transaction.
The good news is that you will be emPpowered with CAR
APPRAISAL TIPS you WILL be the winner!
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This book is written for you, the average, typical, everyday man or woman that will BUY a CAR, SELL a CAR, TRADE a CAR, or LEASE a CAR today, tomorrow, ANYTIME for the rest of your life, and because this information is TIMELESS and PRICELESS it is a lifetime investment. Why? After thirty years working with car customers and creating thousands of CAR DEALS, one thing remained true; regardless of how much change was created by the CAR SELLERS, NOTHING CHANGED.
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...and now as promised,
Car Appraisal Tips!
Can anyone accurately appraise a vehicle and determine the only TRUE MARKET VALUE? Can you? Maybe. But how would you know?
First, you must have knowledge of and understand how a car appraisal works. Second, know and have in your hand the CAR APPRAISAL TIPS that are required to determine a vehicle value. Here's how.
Following are expert insider CAR APPRAISAL TIPS that will guide you through the "SIMPLE PROCESS" of vehicle appraising; the method that professionals use to determine the value of the vehicle you are exchanging for a dollar value.
Knowledge, Preparation, and Application are the tools that assist you in determining the real value of a vehicle in dollars using these common sense CAR APPRAISAL TIPS.
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