![]() ![]() Now a subsidiary of AutoTrader, KBB provides a fair market range and fair market price for new and used automobiles and motorcycles. Originally published in hard copy beginning in the 1960s (they are actually printing their last-ever books as we speak), the company has now turned to its website and mobile app to provide car guides, reviews, and valuations to consumers. Kelley Blue Book has long been known (and trusted) for its used car valuations. These include fuel, insurance, taxes & fees, and maintenance. This tool, however, will also show you images of the interior and exterior of the car, as well as a five-year projection of costs. Now, most tools allow you to see a side-by-side breakdown of basics like price and MPG. My favorite part of the site was the four-car comparison tool. The Certified Pre-Owned Car Center allows you to look up the CPO pricing for the vehicle you want, lists the warranty options, and provides sale listings for that specific car in your zip code. They also offer location-based best prices, a neat car comparison tool, payment calculators, and a link with Geico that you can use to get an insurance quote. You can sort by make, miles per gallon, and price ranges (varying from under $15k to above $75K). NADA offers the ability to research new car prices and used car book values. Use this to determine if the price you’re seeing is fair. After you’re done adding the options, colors, condition, and mileage, you’ll get a true market value. To use this option, you’ll enter your zip code, year, make, model, and trim of your desired car. ![]() They also offer True Market Values for trade-in, dealer retail, and private party sales. Edmunds claims that customers save, on average, over $3,000 off MSRP when they use Price Promise. The principle behind this is to identify the new car you want, get the price promise coupon, and bring it with you to the car dealership. EdmundsĮdmunds is geared towards selling new cars with their Price Promise guarantee, designed to eliminate haggling with the car dealer. We’ll look at ease of use and helpful tools for decision-making. Lets take a quick look at what each website offers. To find the fair value of a used car, you’re going to have to click through a few options. You can look up invoice prices, trade-in values, owner reviews, and fair price projections for the model in which you’re interested. The most trusted names are National Automobile Dealers Association (NADA), Kelly Blue Book(KBB), and Edmunds, which are all great places to do some research. When you’re shopping for a car, used or new, take some time to check out your online resources. Resource: Our Guide to Buying Your First Car Research In the process, I found some websites that will help shoppers hone in on great deals for a used car, while also identifying which sites are winners when it comes to selling. I’ve taken some time over the last few weeks to research the vehicle that is right for my family. ![]() Second question: What’s the best way to sell your current car for the most money? Dealership trade-ins provide you with an easier selling experience, but you won’t typically get as much cash for your car compared with a private sale. ![]() It can be hard to find a buyer at a fair price (and in a timely fashion). Selling your used car can also be a hassle. So, there’s your first big question: Is it better to buy new or used? Plus, they probably don’t come with a warranty that covers major repairs, as is the case with most new vehicles. They aren’t new and they might have been driven in ways only Ricky Bobby could accurately handle. This might be a bit of an exaggeration, but the idea rings true: used cars carry some risk. If you buy a used car, you are taking a risk by not knowing which part is only 25 miles from breaking, leaving you stranded on the side of the road. We also know that, for the most part, new cars are pretty reliable-some models more than others. Obviously, that isn’t a good return on investment for your hard-earned dollars. We know that new cars lose up to 25% of their value the first year after coming off the lot. If you’re like me (and other Dough Rollers) striving for financial freedom, you want to get the best bang for your buck. This content has not been provided by, reviewed, approved or endorsed by any advertiser, unless otherwise noted below. We may receive compensation from the providers of some products mentioned in this article. ![]()
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