Wholesale Mercedes

AUTO VALUE GUIDE ..BEFORE WE LOOK UP..CLEARING UP SOME CONFUSION AND SOME DEFINITION OF TERMS! The Big 3

What makes it confusing is there are only really three values to remember,

but endless phrases that actually mean the same thing!....

RETAIL:

also "list","full","manufacturers" ,This is what a dealer is supposed to be able to sell the car for off a traditional car lot.Some (okay everyone)LOL

...thinks this price is too high,but keep in mind all of the extras :

(like warantees,state regulations,business expenses,sales commissions,advertising,preparation,etc.that must go into the price.

Naturally most private individuals think they should get this value also when they sell their car.The truth is many dealers don't get this price and most private sellers don't either.

However this value is key because all auto finance is based on this number,Since the loan on a used car is only allowed on a percentage of the cars"book value"(70,60% etc.),if the value is low,the loan would be low..and ..who could buy a car if the down payment was half the cars price?

LOAN:

This is simply retail (-) the percentage of the value the finance company deducts in deciding the maximum it will lend on this specific car(year,model,miles,condition)."what will the finance company loan on this car"...Nada calculates and publishes this figure in it's dealer guides.

The price difference must be made up by either a down payment,trade in,cash,or someone coming up or down on the final price payed!.

Obviously the fact that the finance company will only lend this amount has implications as to the "true" value of the vehicle.

Some people like this figure and feel it has more real world utility.

But the takeaway is;Loans sell cars,and "retail book" runs the loan calculation for the customer.

TRADE IN:

also "WHOLESALE","dealer cost","auction".

This figure,hated by consumers everywhere,is the value the auto dealer is supposed to give you on a trade in.

"That's All?!!!"

...is frequently heard after this number is spoken!.

However It cuts two ways!:this number is also "wholesale",or all the car can be expected to be sold for, wholesale, at either a dealer car auction or directly to another dealer.

The fact is; most vehicles traded in have"issues" and the dealer can't easily sell the car for the retail figure to another consumer without investing money in the car.

If the dealer had to fix every car just to get his money back he would either go broke or stop taking trades.

Do some cars sell for more or less than this figure on a wholesale basis?

yes,because pure supply and demand for this specific car take over,since no finance considerations distort the value.

This figure is also favored by many since it more closely approximates a marketplace set value.

Since demand for the specific make/model set value many vehicles are not even selling for the "book" wholesale(or trade in..the same).

Many American cars are presently in this category.Some cars bring more at wholesale(Honda Toyota etc.).In recent times the increase of Internet sales of cars has driven the price of cars sold at retail closer to the wholesale (remember "trade in"..the same)figure,so it has taken more significance.

RETAIL;highest.

LOAN;middle.

TRADE IN:lowest .

..

Appraisal Databases

Mouseover for Details

Lorem ipsum dolor

Lacinia pulvinar orci Aliquam adipiscing turpis id Aenean eu wisi nec. Vitae sit hac augue vestibulum id neque condimentum pede ultrices Phasellus. Nam sed adipiscing quis congue Nullam lacinia vitae dolor netus senectus.

	2003	2004	2005	2006	2007	∑
Lorem	0.00	0.00	0.00	0.00	0.00	0.00
Lorem	0.00	0.00	0.00	0.00	0.00	0.00
Lorem	0.00	0.00	0.00	0.00	0.00	0.00
Lorem	0.00	0.00	0.00	0.00	0.00	0.00
Lorem	0.00	0.00	0.00	0.00	0.00	0.00
Lorem	0.00	0.00	0.00	0.00	0.00	0.00