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The Edmunds.com True Market Value Used Vehicle Appraiser estimates the actual transaction prices for used vehicles bought and sold by dealers and private parties. [ 27 ] In 2020, Edmunds launched a partnership with CarMax that allows a driver to receive a no-obligation cash offer for their vehicle which can be redeemed at any CarMax location.
Trade-in value is typically the lowest of the values for a car. 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 ...
True Market Value is a term commonly used for a Real Estate e-auctions or online auction, as it creates transparency for the buyers and ensure that the seller maximises the price of the property to the true market value.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
These estimates assume an average of 15,000 mi (24,000 km) annual driving and vehicle prices correspond to Edmunds.com's true market value estimates. [45] For the same two vehicles, the U.S. EPA estimated the Fusion Hybrid annual fuel cost at US$1,431 while the gasoline-powered Fusion has an annual fuel cost of US$2,320.
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