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Thursday, January 5, 2012

Difference between value and asking price of your car, and how to find it.

Finding the value of your car is the easy part. Determining your asking price for your car is another story. The best, easiest and fastest way to determine the value of your car is to find it on Kelly Blue Book. These prices are closest in accuracy when you are honest with the information you give about your vehicle.

If your car is older than 1991 you may need to use Nada Guide to determine the value. Warning: these values are RETAIL prices and are way above than what your asking price should be.

Now that you have the values of your car, you need to determine what condition your car is. Kelly Blue Book has a condition calculator that you can use.
Let’s say your car is in “Good” condition, at 2,700. If you think that price is reasonable, use it for your asking price. If you want to sell your car fast, you can take off a hundred or so. If you are not getting any calls about your car, maybe you priced it too high.

A tip to get the price you are really asking for, is to price higher and let people bring you down.
Example: You want to get 2,700 out of your car. On your ad, put your asking price as 3,000 and include “Or best offer or OBO” That way people think they are bringing your price down but in reality you are getting the price you wanted. Whatever your price is, add between $200 and $500 because people will always try to talk your price down! (2,700 to 3,000)

I hope you get what you want out of your car!

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