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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.
The 1980s boom was followed by 1990s bust, and the values of classic cars plummeted, causing most owners to lose considerable portions of their investment portfolio values. [ 33 ] According to the November 1997 issue of Car Magazine , the Ferrari F40 was credited for sparking the price speculation craze.
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.
Glass's Guide is the leading British motor trades guide to used car prices, often referred to in the trade as "the bible". Monitoring car values since 1933, it reflects how cars have become increasingly affordable – the £145 list price for a Ford 10 De Luxe (including £5 for an optional sliding roof) was the equivalent of almost two years' salary.
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 ...
Buying a classic car is a lot easier than it used to be. Gone are the days when you had to rely on word of mouth or gut instinct to make good use of your hard-earned money. Now, you can easily ...
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