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Determining a fair price for Craigslist used cars – How much should I offer when purchasing Craigslist cars?

If you are looking at Craigslist used cars and are considering the purchase of a vehicle, the first question that you may ask is “How much should I offer when purchasing Craigslist cars?” The amount that you pay for a used car on Craigslist is no different than the amount that you would pay for any other for sale by owner transaction. As for how much you should pay, this depends on several factors. In general, determining a fair value for a vehicle is a multi-step process that is not always so black and white. There are several factors that you should consider when determining how much to offer for a used vehicle.

Perhaps the best way to determine how much a vehicle is worth is to get out there and comparison shop. Shopping around and compare prices of different vehicles gives you options and allows you to make a good judgment as far as how much a particular vehicle is actually worth. Naturally, if you are trying to find the best deal on a used vehicle, you are going to shop around anyhow. When comparing vehicles, there are quite a few areas that you should consider.

First, take a look at the overall condition of the vehicle that you are interested in. Does the vehicle shows signs of heavy wear? How many miles are on the vehicle? What type of features does this vehicle have such as power windows and power locks? Has the vehicle then modified in any way? What is the condition of the vehicle’s body and paint? How well does the engine and transmission function? Does the vehicle need any repair?

These are all good questions to ask yourself whenever comparing one vehicle to another. Think of several questions that you can use to compare each vehicle. While shopping around, check out several vehicles of around the same year and body style. Remember to compare apples to apples and oranges to oranges. A 1995 Honda Accord is not the same thing as a 2005 Honda Accord. However, a 1995 Honda Accord may be very similar to a 1996 Accord. Take all factors into consideration and compare the price of each vehicle. Keep in mind that the asking price is usually a bit higher than what the seller is willing to let it go for.

In addition to doing your own research and comparing vehicles in person, there are several websites such as Autotrader.com or Kbb.com that will allow you to get an idea of what a particular vehicle is worth. While many individuals believe that these books determine exactly what a vehicle is worth, they should only be used as a guide. A vehicle is worth what someone is willing to pay for it. Some sellers will wait for a buyer that will pay the right price before selling while other sellers will sell well below the asking price.

When shopping around for Craigslist used cars you will want to compare the prices between local vehicles and also compare the prices to book values. Craigslist cars are a great way to save hundreds or even thousands on a vehicle purchase. When shopping for a used vehicle, be sure to do your research and find the best deal available.

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