No, the dealer and market value for a used car is not the same thing. The dealer’s value is the price the dealer paid for the car, plus any add-ons and markups that they put on it afterwards. The market value for a used car is the price that the market will bear for that particular model of car. You can find market value prices in places like the Kelley Blue Book or Edmunds. Another way to find this out is to call around to dealerships in the area to see what price they sell a particular car for. You can also look at ads for cars in the local newspaper, or online at places like CarMax.
Is the Dealer and Market Value for a Used Car the Same Thing?
November 8, 2010
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