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Trade-in value is typically the lowest of the values for a car. Private party resale value: This is the value you can expect to sell your car at directly to a private buyer. Your vehicle will be ...
In many cases, selling a car to a private individual costs more than trading it into a dealer. This is because the dealer will spend money to prepare the vehicle for sale, including inspecting and ...
For example, if you trade in a car with a market value of $10,000 and you buy a new car that's valued at $15,000, you'll only have to pay sales tax on the $5,000 difference.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
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Steps to buying a car from a private seller. Buying a used car from a private seller may be more complicated than purchasing a certified pre-owned used vehicle from a dealership. Although both ...
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