used car prices

used car prices

Used Car Prices

About Used Cars Edmunds.com has all you need to know about buying or selling a used car. Search our used car inventory by make, model or body type to find a complete listing of used cars in your area. Our used car listings include photos, videos, vehicle details and pricing, along with easy ways to contact the dealership for more info. Need to sell your car? Find out what your used car is worth with our True Market Value® appraisal tool, which allows you to easily compare the dealership trade-in, private party and dealer retail price estimates. If you are hesitant about buying a used car, you may also want to consider a certified pre-owned vehicle. At Edmunds.com you can easily research and compare available certified pre-owned programs by manufacturer. Don’t forget to see our tips and advice articles for helpful information on buying, selling or leasing used cars.
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Used Car Prices

Edmunds.com has all you need to know about buying or selling a used car. Search our used car inventory by make, model or body type to find a complete listing of used cars in your area. Our used car listings include photos, videos, vehicle details and pricing, along with easy ways to contact the dealership for more info. Need to sell your car? Find out what your used car is worth with our True Market Value® appraisal tool, which allows you to easily compare the dealership trade-in, private party and dealer retail price estimates. If you are hesitant about buying a used car, you may also want to consider a certified pre-owned vehicle. At Edmunds.com you can easily research and compare available certified pre-owned programs by manufacturer. Don’t forget to see our tips and advice articles for helpful information on buying, selling or leasing used cars.
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Used Car Prices

Trim refers to both exterior and interior options that enhance a base model. (Ex: Ford Mustang GT or Honda Accord EX) Trim levels can increase the value and functionality of a vehicle, as well as improve its appearance. Mileage is estimated based on typical mileage of similar vehicles. If you're selling this vehicle, replace this estimation with your vehicle's actual mileage to get the most accurate values. Why do we need your ZIP Code? Kelley Blue Book provides values and other information specific to your location. Enter your email address to receive your valuation report to your inbox. Your privacy is important to us. Please read our Privacy Statement. Kelley Blue Book® Private Party Value The Kelley Blue Book® Private Party Value is the starting point for negotiation of a used-car sale between a private buyer and seller. This is an “as is” value that does not include any warranties. The final sales price depends on the car's actual condition and local market factors. Kelley Blue Book® Trade-In Range The Trade-In Range is Kelley Blue Book's estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer. However, every dealer is different and values are not guaranteed. Kelley Blue Book® Fair Market Range (Used Car) The Fair Market Range for used cars is Kelley Blue Book's estimate of what a consumer can reasonably expect to pay this week in their area for this year, make and model used vehicle with typical miles and configured with their selected options, excluding taxes, title and fees, when buying from a dealer. Each dealer sets and controls its own pricing.
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Used Car Prices

Kelley Blue Book® Private Party Value The Kelley Blue Book® Private Party Value is the starting point for negotiation of a used-car sale between a private buyer and seller. This is an “as is” value that does not include any warranties. The final sales price depends on the car's actual condition and local market factors. Kelley Blue Book® Trade-In Range The Trade-In Range is Kelley Blue Book's estimate of what a consumer can reasonably expect to receive this week based on the style, condition, mileage and options of the vehicle when they trade it in to a dealer. However, every dealer is different and values are not guaranteed. Kelley Blue Book® Fair Market Range (Used Car) The Fair Market Range for used cars is Kelley Blue Book's estimate of what a consumer can reasonably expect to pay this week in their area for this year, make and model used vehicle with typical miles and configured with their selected options, excluding taxes, title and fees, when buying from a dealer. Each dealer sets and controls its own pricing.
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Used Car Prices

For almost 90 years, we’ve been the experts in new car prices and used car values. We make it easy to research a new or used car, compare cars, find cars for sale, and make a well-informed decision.
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Used Car Prices

Toyota started to reduce leasing in 2015. General Motors cut sales to rental car companies last year to control the used car supply, Chief Financial Officer Chuck Stevens says. Now GM is reallocating incentive spending away from leases toward conventional financing, as new-car sales are expected to back off slightly from last year’s record 17.5 million.
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Used Car Prices

A small percent of used cars are actually are in top condition. When selling or trading to a dealer, the cost to recondition your car for resale can vary based on what needs repair or refurbishing, even if the rest of your car is in mint mechanical and physical condition. High mileage does make a difference in value for every vehicle condition, though that difference may vary if demand for your specific car is higher.
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Used Car Prices

Since the lightly used cars are entering a market that favors trucks and SUVs, the prices will fall, says Jim Lentz, Toyota’s CEO in North America. “It’s more difficult to get rid of them,” he says. “You’re going to have very attractive certified used passenger car payments relative to new passenger cars.”
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Leasing continued to grow, hitting a record of over 30 percent of sales earlier this year. Meanwhile, buyer tastes shifted to SUVs and demand for cars faded. Car sales are now about 38 percent of the market. As a result, used-vehicle prices tumbled 7 percent during March compared with a year ago, according to an NADA Guides index. The organization expects them to fall 6 percent for the full year.
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In two or three years, the price of popular used SUVs could fall too, because they’re now being leased in large numbers, Lyman says. It may take four years or so, but prices eventually will stabilize as automakers cut new-car production and reduce leasing.
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Eric Lyman, lead analyst for Automotive Lease Guide, advises consumers now is a good time to lease a car, before leasing cuts become more widespread. Although he expects the number of vehicles leased this year to stay flat, payments are likely to rise as automakers offer less generous terms.
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We deliver up-to-date car values, expert reviews and unbiased reporting at nocost to you. To do this, we display ads from only trusted automotive partners.To continue on our site, simply turn off your ad blocker and refresh the page.
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Each is a reliable source for pricing your car. Those that update more frequently, may respond faster to market fluctuations. For example, fuel price shifts can affect high- or low- mpg vehicles and seasonality can impact demand in certain areas for all- or full-wheel drive, sport-utility, performance and convertible vehicles.
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Still, some dealers who sell used cars are skeptical of the falling price forecasts. Paul Ritchie, who runs a Honda dealership in Hagerstown, Maryland, says he and other dealers he recently met with haven’t seen a big decline. “We just don’t think it’s going to drop that much,” he says. “Most of the dealers in our group are looking to buy used cars.”
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The Fair Market Range for used cars is Kelley Blue Book's estimate of what a consumer can reasonably expect to pay this week in their area for this year, make and model used vehicle with typical miles and configured with their selected options, excluding taxes, title and fees, when buying from a dealer. Each dealer sets and controls its own pricing.
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Like many companies that juiced sales with sweet leases during the past few years, Nissan’s luxury brand now faces a hefty supply of nice, low-mileage used cars at a time when most people want SUVs. For the U.S. auto industry, about 3.5 million vehicles will come off lease this year, after 3 million returned last year, according to Automotive Lease Guide. These are huge numbers when you consider that leasing all but came to a halt during the Great Recession about a decade ago.
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The off-lease cars are attracting even customers with the high credit scores, according to Experian. A decade ago, roughly 49 percent of prime credit buyers bought used. That’s now up to almost 55 percent.

Published on Jun 25, 2017 | Under Car | By michael ellis
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