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Type of Sale. 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 ...
Researching the value of your car using KBB, Edmunds, NADA or even a third-party appraiser or claims adjuster can help determine your car’s value and give you a sense of what is a fair payment ...
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.
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.
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Finally, there is a niche classic and luxury car market for $1 million-plus cars. [11] [12] Online auto auctions are also growing in popularity. One of the most popular online auctions to buy cars from is eBay Motors. [13]
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