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When you sell a car online, you are often still meeting with strangers if you choose to sell to a local private party. You might even be in the car with a stranger for a test drive.
CarGurus offers options for selling a leased vehicle online, to a dealer, or to a private party.
Private party resale value: This is the value you can expect to sell your car at directly to a private buyer. Your vehicle will be sold in its current condition with the private party value and ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Since most states have requirements for a dealer to warranty or even guarantee a used vehicle for a certain amount of time and or mileage if sold to the public at a certain price, [10] a dealer must make a profit selling the previously traded car (now a used car). Trade-in value is an important facet of the car deal.
For used cars, Kelley Blue Book provides typical listing price, certified pre-owned price, trade-in value and private party value. [20] [21] Kelley Blue Book also offers expert and consumer vehicle reviews and ratings, and 5-year cost to own information for new cars. [22] [23]
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