Kelley Blue Book is a highly trusted online source for up-to-date pricing and additional information for pre-owned autos, according to a 2014 Harris interactive poll. The National Automobile Dealers Association and VMR are additional resources for pre-owned car pricing, states Consumer Reports.Continue Reading
Edmunds.com is the best website for information about pre-owned autos, as determined by a 2014 study by J.D. Power and Associates, while the Web Marketing Association recognized the Kelley Blue Book website as an outstanding website in the automobile category, reports The Business Journals.
Some pricing information is listed in printed books that are available for purchase or in libraries. Consumer Reports suggests finding out more detailed information by localizing the search and comparing prices. Pre-owned car prices vary depending on the year they were manufactured, condition, trim level and mileage, so compare prices in classified ads or on websites such as eBay Motors and AutoTrader.com, and use a localized search.
The retail price for a car at a dealership is likely to be higher than a car purchased from an private seller, states Consumer Reports. Another way to price the value of a used vehicle is the wholesale or trade-in value of the car to a dealer. This is the price the dealer pays to purchase the car and place it on his lot for re-sale, and it is usually significantly lower than the retail price.Learn more about Buying & Selling