Canadian Used Car Values
Canadian used car values are fairly straight forward. Canadian black book web tool offers excellent source of information for anyone to get used cars book values. People ask me this questions all the time: What's my car worth? If you ask 5 dealers about the value of your car, you will get five different answers! There're something called Car Valuation Variables that most people never heard of. There is no ONE value for any car. Each car is unique, each has its own positives and negative. Each factor has to be weighted with current market conditions. In this page, we will examine 5 different methods to get an accurate estimation of any used car values in Canada. #1 – Canadian Black Book Trade-In Estimator A detailed step by step tutorial can be found by click here, both GM and Toyota Canada have teamed up with Canadian Black Book to offer general public a free tool for estimating vehicles’ trade-in value.
Please note: the actual car’s trade in value will be lowered than what you see on the web. Ever heard of term "Vehicle Reconditioning"? things like detailing and safety inspections, minor repairs and painting will all take into consideration at Used Car Appraisal Process . This is why your actual Car's Trade-in Value will ALWAYS, ALWAYS be lower than what you see on the Canadian Black Book Web Tool or CBBWT for short. Here's something you've never been told, the CBB web tool is not updated as frequently as the dealer's black book (bi-weekly for cars, monthly for trucks). Which means, there could be a big gap between the actual book value and what you see from the estimator. I remember back in 2008 when the gas price went up to the roof, and trucks value decrease like hell! The values of pickups literally drop like you wouldn't believe. Even for Toyota Tundera - Motor Trend Truck of the Year. #2 – CBB Wholesale/Retail Vehicle Guide
You can purchased a Canadian Black Book Wholesale/Retail Vehicle Guide, and get to see everything you ever want to know in black and white. This guide is as close to Canadian used car values as you can get. Get a copy very inexpensively over at CanadianBlackBook.com click on "for consumers" and follow the link to contact them. If you are planning to buy and sell used cars as a way to make some extra cash, this book is a must have! #3 – Local Craigslist & BuyandSell Retail Value If you are buying or selling cars privately, you need to Research Used Cars value private party pricing guide with two popular websites. Locate your city or nearby town’s craigslist site CraigsList.org and look for Cars+Trucks under “for sale”. In any given day there are over 1,000 cars for sale by owners. Craigslist is my favorite place to buy and sell cars privately. However, some of the asking price on craigslist is all over the place. I’ve seen individuals are asking a way more over than the dealer does. Take a look and get a feel for “street price”.  Another good popular Canadian site is Buy&Sell over at buysell.com, select your region and browse through Vehicles. You will find more dealers inventories here than private party sales. If you are planning to buy or sell used cars from/to private parties. I have some tips for you:
#4 – Used Car Dealer Lots More and more dealers are placing the asking price of used cars on the window stickers. What you want to do is take the asking price as Canadian used car values, and subtract $2,000 - $2,500 to get the wholesale price of the car. Cars over $30,000, back up $3,000! For high end models like BMW or Mercedes-Benz, don’t be afraid to back up $3,500 - $5,000. If you own one of those prestige cars and you want to know how much your trade in value is, this is a great way to tell. #5 – Let the Dealer Tell You Take your car to dealers and shop it around. Most people do this first, which in my opinion you should do it last or close to make a purchase decision. It’s possible that the used car manager will print out an auction price guide from Adesa Monthly Market Report, and use it as a reference guide. Adesa is the largest auto auction outlet in Canada (2nd largest in the U.S) each and every week there are auto auctions being held in 9 major cities across Canada. Generally speaking, your car’s trade in value will be lowered than Adesa value, since franchised dealership will auction off their unsold units at Adesa. Independent dealerships will purchase them (at higher than book value) and selling at retail to make a profit. Tips - If you come across current year model cars with excessive kilometers, those are sure signs of ex-rental return vehicles from car rental companies. Also look for Adesa logo stickers (an eagle) that are still attached to the windshield.
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