How to Buy a Used Car : How to Appraise a Used Car

How to Buy a Used Car : How to Appraise a Used Car

Hi, this is John Michaels with Expert Village;
today we are going to talk about how to buy a used car. In this segment we are going to
talk about appraising a used car. Don’t be scared to take a look and get a few other
opinions of what you believe a used car is worth. Based on some of the information that
I provided you earlier on this tape, you may take a look and appraise a used car for yourself.
Not only that, you can take that car on a test drive, take it to another dealership
and have them tell you what the value of that car is. That will be a great plan for you
to figure out how to negotiate later on when it comes down to buying that used car. If
you are buying that used car from a private party, take it to a dealership and ask them
what the car is worth. I am sure they will be happy to appraise it for you and let you
know what the wholesale value of that car is. That is a great way of making sure that
you are getting the most car and not spending more money than you have to for it.

About the Author: Michael Flood


  1. A Dealer will not appraise a car for you for free(and why should they) if you are not doing any part of the deal with them. What makes you think that you should be able to buy a car at wholesale prices. "Wholesale" is what a car will sell for at auction. Retail is what a car may sell for after service and reconditioning. A fair price is somewhere in the middle.

  2. How about that point? Do some dealerships charge you for the appraisal if you're not doing business with them?

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