Last week we discussed all of these, but we wanted to dig a little deeper! While NADA may be well respected by most, some critics question their reliability. Arguments that values might not always accurately reflect real market conditions, as the data is often based on industry averages. Limiting to these conditions, can cause regional variations and specific factors to be overlooked which can also influence a vehicle’s value. This may prompt users to be...

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Is an NADA (National Automobile Dealers Association) Value for my car any good? Will somebody actually pay me that amount? Here’s the quandary with guidebook values…there are several out there including: NADA, Edmunds, BlackBook and Galves -plus a host of websites that will project a value for your vehicle. Most of these sites even give you an instant cash offer for your vehicle? Now an “instant cash offer” does not always mean what it says…in...

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Well…the answer is pretty simple…consumers used to get free vehicle valuations from NADA.com 24/7 and there was no demand for “personal information”. This is a very big “No-no” in the land of digital marketing, because you have lots of traffic that you have no way to monetize. Many sites will start that way! By giving you a whole lot of value “free”, building a huge audience and training that audience to return to the site...

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We just spoke about BBB being the guardians of reviews and keeping Google reviews honest. But is Trustpilot and trusting as we would believe them to be? They are a well known platform that allows consumers to write and read reviews of companies. Its primary purpose is to provide a platform where consumers can share their experiences and opinions about a business’ products and services. Their rating for a business can be a useful tool...

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How many times have you said this as a seller or heard this as a buyer? Probably more times than we would like to admit. As a seller, if you are not well versed or knowledgeable about used parts and what all is involved in removing just one part, read on! The cost alone of removing usable parts from any vehicle for resale can vary widely on several factors, including the make and model of...

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The Better Business Bureau, the good ol’ BBB. The reviews shared by consumers to the BBB do matter significantly to a business for several reasons. The most important being how reviews provide potential customers with valuable information into a company’s reputation and trustworthiness. Consumers considering a purchase or service, they often turn to BBB to gauge a company’s customer service, reliability and ethics. Positive reviews will attract more customers and help build a sense of...

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Accidents. Everyone has them eventually and hopefully most are minor. They can, however, have a weighty effect on the value of a vehicle, leading to a probable loss for owners. Understanding how minor and major accidents impact a vehicle’s worth is crucial for both sellers and buyers. The following can explain the various factors that contribute to the depreciation of a vehicle’s value after an accident. Immediate depreciation is at the top of the list....

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After receiving such an overwhelming response to our top five determining factors that we decided to add part two. As a seller, most look for several key factors to ensure a successful sale and here are the next five determining factors, giving a total of the top ten from our past sellers. Prompt Communication: Sellers and buyers should be prepared to respond quickly to each other. Responsiveness is definitely a key motivator for each party....

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As a seller, most look for several key factors to ensure a successful sale. Here are top five determining factors that we have learned from our past sellers. Fair Market Value: Sellers want to get a price for their vehicle that reflects its true market value. Many research similar vehicles in their area to get a competitive asking price. To clinch that perfect price, that itself is another blog in itself. Year, make, model, mileage,...

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Unless you live under a rock, you can’t avoid hearing countless claims on every channel of conventional and digital media that your vehicle is worth the most money ever, right now! “Sell your car today and you can retire early” is what you hear on every news channel and blogger site on the net! “How to get the most for your used car” postings every day since COVID 19 hit the US. Fear, panic and...

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