Showing posts with label car selling. Show all posts
Showing posts with label car selling. Show all posts

Monday, August 20, 2012

Buy a Fuel Efficient Car or Keep the Used Car?

Automobile (Photo credit: A*A*R*O*N)

The cost of gas these days is driving consumers to avoid purchasing larger cars and choose more fuel-efficient cars, but is this the right move? Many people think only about the rising cost of gas at the pump, and forget about the long-term effects. Trade-in value, driving habits, how much is owed on a car loan; these should all be considered before deciding to purchase a new car.

First, do not to sell a car less than 3 years old. According to the American Automobile Association (AAA) this is the time when a vehicle depreciates the most, losing 40 - 50% of its original value. A car can be used for a few more years, and still retain nearly as much value. Fuel inefficient cars in particular are quickly depreciating in value (8% in the last 6 months on average). Still, trading in the gas-guzzler may not save money. The gas may still be expensive, but it’s better in the long-run to get the most value out of the vehicle while being able to drive it for twice as long. It’s also important to know that the savings may not be immediate. For most, trading in an older car for a compact will cost more right now, but balance out years later.

Here is an example: A consumer trades in a four-year old GMC Yukon, worth $15,726 for a new $21,677 Toyota Prius. The difference is $5,951. If the consumer drives 1,200 miles per month and gas costs $3.80 per gallon (national average), the monthly fuel savings will be $186.97. At this rate, it will take 32 months to pay back the additional cost of the Prius over the trade-in value of the Yukon, and start saving money from the lower fuel price.

Buying a small, fuel-efficient car is an excellent way to combat rising gas prices, but the sticker price is what dents your wallet. The average price of a compact car has increased by $2,532 since 2010. That’s nearly double the average price increase of all other cars. Right now is the worst time to sell an SUV or gas guzzling car, and also the worst time to purchase a compact car. Every situation is different and it may take some time to see the savings, but consumers must weigh all of the factors and compare all of the costs before making a change.

Monday, February 28, 2011

Selling Your Car - Get the Highest Price - Go to

When I wanted to sell my car I would always go to and to see what my car was selling for. It seemed complete and accurate. You could see the wholesale, retail, and private sale prices of what cars were going for. Though I couldn't figure out how they got the data for private sales. 

Well there is a new website on the block that is offering the same thing. It's called It combs millions of used car listings on the Web and analyzes that data to provide consumers with an indication of how much a particular used vehicle (down to the year, make, model, mileage and condition) is worth.

So what's the difference between and the others? entire process occurs on one page. The others have page after page loading in between every option. It seemed very Web 2.0 while the others felt clunky and old style. Listed in order of speed and ease of use. First is followed by,, and

I put in my info for a Ford Excursion my Dad has been wanting to sell and the prices seemed to jive with the other websites numbers. Though there is some variation site to site.

Future versions of the tool will also incorporate actual transaction prices and wholesale prices of the vehicle to provide a broader price context for the user. hopes the new tool will help it create a robust database of pricing information that will ultimately help it release a trade-in service for consumers down the road.

Reader: what have you experiences been with these kind of websites?

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