Whether you’re trading in an old auto or saving cash by buying a pre-owned one, being familiar with second hand car values is an absolute must.
It’s important to know how much you should sell your old car for and how much you should spend on a new-used one. Automobile sales are some of the most flexible, confusing, and convoluted transactions in the retail business. There are more hidden fees, fine print charges, and additional expenses with a car than with anything else you may ever purchase—with the possible exception of a new home.
So how do you know when you’re being taken for a ride? How do you know if the deal you’re being offered is a generous one? How do you know what second hand cars are worth?
The only way you can be properly informed when the time comes to sign on the dotted line is to educate yourself.
Second Hand Automobile Values: Tips and Tricks
In order to make your used car buying or selling experience the easiest, most efficient and profitable it can possibly be, the first thing you should do is get acquainted with the organizations that specialize in pricing guides.
Kelly’s Blue Book, NADA guides, and Edmunds are great resources for the used car buyer or seller. Through a series of questions they ask you, you can find out exactly how much an older car is worth. Some of the factors that go into this pricing include: make, model, year, mileage, interior condition, exterior condition, and the mode of sale—retail, private, or trade in.
But these guides can only help you so much. They can give you a price range with which you should use to buy or sell a used car. But what about the actual process of choosing second hand cars?
Here are a few hints and tips from the pros concerning second hand car values and how you should approach the transaction.
A car’s dependability is never more important than when you’re buying a used car. You need to make sure the vehicle is able to operate in tip top condition when you buy it and for the years you plan on using it. The Internet is a great resource for finding out which are the most reliable cars to own.
As with any car purchase—used or brand new—safety is key. Especially if you’re thinking of buying an older model car, you need to make sure that it lives up to the safety standards of today.
Don’t be afraid to talk with the seller or buyer. Many people involved in car transactions become afraid to say too much because they aren’t experts in the automotive world. Don’t let that stop you! The best way to see if a seller or buyer is worth working with is to talk to them.
Used Car Values: The Best on the Lot
Believe it or not, there are certain cars that are better to buy used than others. And this list is somewhat different than that for the best new cars in the industry.
Some makes and models just stand up better to the years, both in terms of safety and fuel efficiency.
To give you a head start on your search for the best second hand car values for your automotive needs, here’s a look at the top five best used car values:
1. Honda Civic Sedan 2005
2. Honda CR-V 2004-2008
3. Toyota Camry 2004-2007
4. Hyundai Elantra 2004-2008
5. Chevy Tahoe 2003-2007