Monday, November 5, 2007

What is my used car worth?

When shopping for a used car, I have always wondered what I should offer the seller. While the normal resources, KBB, Edmunds and NADA all provide guides as to what a used car is worth, given its mileage and condition, these are only suggestions.

I have always wanted to know what people really paid - what did the seller ultimately accept as a price? Full price? 10% off of the asking price? 40% off of the asking price? After all, car sellers can price their car based on a number of things: emotion, unrealistic expectations, a false sense of reality, the list goes on... Furthermore, none of these attributes are regulated or tracked very closely.

As far as I can tell, there isn't a place to see what people actually paid for their used car - after their negotiating, low-balling, or begging. For houses, the actual sale values are a matter of public record. Websites such as Zillow and many others openly provide sold home values. For cars, there is no such resource - until now.

PriceHub was founded to provide car buyers and sellers a way to see actual values for their cars and trucks. By allowing consumers to submit the prices they actually paid, other consumers can benefit and learn. Is $31,000 worth it for that 1999 Porsche 911 Coupe? Is the Toyota Prius with 3,000 miles worth $22,500? These questions can now be answered to a certain extent by the actual prices other people paid for similar cars.

For used car buyers, PriceHub is a great way to get a feel for how much the car you are interested in is worth.

For used car sellers, PriceHub is a great way to see how much you can charge for your car - you'll get to find out what people actually paid for a car with similar miles and options.

With PriceHub, you will hopefully be able to answer the question, "What is my used car worth?"

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Anonymous said...

Hi all! I'm from London but am living in Berlin at the moment.
Gotta love this forum!

[url=]Barrater is my life[/url]

Jacob Rodman said...

Hey, thanks for this article. It's quite useful. There are some people out there hunting for a used car but don't have the time to look at and compare prices. This can help them a lot. Thanks for sharing!

Ivo Beutler said...

Hmmm, I think that guide is very essential, especially for car dealers who want to know how much a typical used car is. Fairness is truly the basis for dealing the best price and having a good reputation among potential buyers. Thanks for that tip. :)

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