True Market Value of Used Cars

True Market Value of Used Cars at Auction Direct USA

True market value of used cars, True Market Value (or TMV) is one of the most efficient pricing tool that gives all potential car buyers a chance to score a good deal when buying a used vehicle. The TMV figure is based upon actual sales data and market forecast and offers a guide as to what other buyers in your area paid for a vehicle of the same model and make.

Knowledge of TMV is essential in helping buyers negotiate the price of a new car. It also comes in handy when calculating the trade-in value for a used vehicle. Additionally, all private-party buyers can easily use the True Market Value of Used Cars to set the price for their used cars.

True Market Value of Used Cars Buyer Benefits

Whether you’re buying a used vehicle from a private party or a dealership, it is important that you know a car’s cash value. This value depends upon multiple factors such as a vehicle’s age, condition, mileage, any optional equipment offered, the region in which it is sold, the trim level and several other factors.

Retail price is the price a dealership charges when selling a used car. It is considerably higher than the average market price as it often includes the dealership’s margin. In contrast, wholesale price or trade-in value is the price charged by private dealerships which is almost at par with the true value of the used car.

Whether you’re buying a used car from a dealership or a private party, determining the true value of the used car is critical. It allows you to determine the profit margin of the respective seller and helps you set limits for your purchasing power (e.g. if a seller is offering a used car at TMV + 20%, you can check out other sellers).

In some cases, used cars go to wholesale auctions. In such circumstances, the auction price is set as the purchase price for the vehicle. If you’re a dealer or a broker looking to buy cars for resale purposes, it is necessary for you to calculate the true value of the used car.

This helps you keep track of the value-addition, in the price of the vehicle, as it passes from one dealer or broker to another, till it reaches the eventual buyer. It also helps you in setting your own profit margin.

Car Appraisal

True Market Value of a Used Car is also an important appraisal tool. Most of the car dealerships, such as Auction Direct USA, offer an online calculator for determining the price of a used vehicle. Simply enter the car’s model and make, year, mileage and conditions, and the calculator gives you a figure as to its worth.

The same value also comes in handy when setting up a lease plan for the used car. The monthly lease payments are based upon the sales value of the car. The lower the true market value of used cars, the lower the monthly payments required. It’s easier for you to calculate the estimated lease payments and determine the best option for you, this way.

To learn more about the True Market Value of Used Cars and how they can benefit you, please feel free to contact us!

Car Trade In

Auction Direct USA Offers the Best Value for Your Car Trade In

At Auction Direct USA, our goal is to make the purchase of your next Certified Pre Owned vehicle as easy as possible – and the same holds true when you’re trading in a used vehicle to make your next purchase.

Not only does a car trade in generate value towards the cost of your next vehicle, remember that it also reduces the amount of time you have to invest in selling it yourself.

If you’re considering a car trade in now, your timing is just right.  According to AAA Auto Club, used vehicle sales are gaining in popularity among the car-buying public.

It’s well known that the single most expensive cost of owning a vehicle is depreciation.  AAA estimates a car loses between 15 and 20 percent of its value each year and, depending on the make and model, could depreciate by as much as half of its original value in just three years. That’s important information to know if you plan to trade in your current vehicle.

That said, you can be confident that when you trade with Auction Direct USA you’ll find the experience as hassle-free as possible when you purchase from us.  We’re in the business of buying and selling certified pre owned vehicles, so you can be assured you’ll receive a fair offer for your trade in based on what the going rate is in the automotive marketplace.

Once you find the vehicle you’re looking for on our lot, your salesperson will introduce you to one of our appraisal professionals who will look over your trade-in, research the vehicle history and provide you our offer based on its true value in the market.

Trade in Car Warranty

We also take into account if your car trade-in has a warranty or extended warranty that’s transferable or has undergone recent major maintenance that has added value to the trade – and all this will be done thoroughly and as quickly as possible so we’re sure we’ve reached the best and fairest offer possible for you.

Just like on our sales side, where none of our employees work on commission, our appraisal employees are salaried, as well.  That results in an easy going, relaxed experience when it comes to trading and buying your next Certified Pre Owned Vehicle.

If you’re not sure you’re ready to trade in just yet, but you’re curious about the current value of your used car, visit our website at www.auctiondirectusa.com and click on “Sell Your Vehicle” and the city where you live and you can get a base estimate of your vehicle’s value.

So if you’re tired of the intense negotiations you’ve had before at the traditional car dealership, give Auction Direct USA the chance to earn your business.  Whether you have a car trade in or not, ask about our Certified Pre Owned Vehicles.  We’re sure you’ll enjoy the buying experience that waiting for you at our showroom.