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Please review the following frequently asked questions and topics below. If you have any additional questions, please feel free to contact us.



The retail value of a car (which is usually the higher value of the two) is the average price a car dealer would sell it for. In insurance terms, this means that if your car is covered for its retail value and it is written off in an accident or stolen without being recovered, the settlement amount will be based on the car's retail value. If your car is insured for its retail value, it will be much easier to replace a damaged or stolen car with a similar make and model.

The market value of a car is almost always lower than the retail value and takes into account a number of variables, including mileage, vehicle condition, service history and accident reports. If you were to sell your car privately, the market value would be the price that you could likely sell it for. Because this figure can vary from car to car.

Private Party Value:

This is by definition the price a vehicle commands when sold by an individual or an independent used car dealer. The value is less than the retail value since the vehicle has not been reconditioned. The advantage of buying a vehicle from a private seller is the fact that you don't have to pay any fees. In addition, talking to the previous owner is helpful in recognizing possible issues or known problems with the vehicle.

A private party sale is inherently AS-IS, there are no warranties or guarantees. If buying from used car dealer, you have to be allowed at least a 30 warranty according to the terms. You can also purchase a service agreement and finance. The dealer may have to collect the state sales tax on the purchase if the vehicle is not going to be registered out of state.

Wholesale Value:

This is the price a car dealer buys a vehicle from another dealer for. A subset of this category would be Auction Value. Dealers usually buy vehicles for the wholesale value and sell them for the retail value. At an auto auction, dealers compete and the price paid is generally 10 to 20% lower than the retail value. Wholesalers are car dealers who sell cars between other dealers.

Most consumers cannot buy a vehicle for the same price a dealer can. Many franchise dealers sell their used vehicles online via auction for prices close to wholesale. Usually these are vehicles headed to auction anyway.

Trade-In Value:

By definition, this is what you should expect to receive for your vehicle if you decide to sell it to a dealer. A trade-in allowance is a fictional amount, usually greater than trade-in and reflects a shifting of the discount from the car being purchased to the trade.

If a dealer sees you're concerned more with the trade-in value than the price of the new vehicle, you will often times be offered more money for your trade rather than a discount on the new vehicle.

Trade-in is generally lower than wholesale since a dealer taking a car on trade has the option to either retail out of it or wholesale it. Either way, a dealer expects to make a profit.

We recommend that you not to trade-in your vehicle without trying to sell it on your own first.

Clean in and out is when the vehicle is in great condition inside and out. Everything works and doesn't need anything. A vehicle like that is considered as a Clean Retail and usually a little bit more expensive than the average used one.

The following link is provided to better address this question: https://dmv.ny.gov/more-info/10-most-popular-online-transactions

We think that age and miles don't matter as much as you might imagine. Instead, it's the way the car has been taken care of during its life that makes it so important. A 5-year-old car with only 50,000 miles may have many more problems than a 10-year-old car with twice the odometer reading. It all depends on the type of vehicle, the type of owner and the type of maintenance that's been performed. You can not judge a car's condition based solely on its age and miles.

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