Wholesale Mercedes

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

THERE ARE MANY DIFFERENT "VALUES" BANDIED ABOUT WHEN TALKING ABOUT A CAR'S VALUE!.

Financing Considerations

The ease or difficulty of obtaining financing on a given make or model affects the resale book value but only indirectly

What the average consumer will run into is like the common real estate situation of being "upside down"

Do make sure to do your own careful appraisal of your cars book value to verify what you are told using KBB or NADA

As car values have gone up over the years.... more and more consumers took out longer than 3 year loans

Most experts say that long term car loans are risky because they frequently result in a situation that when it is time to trade in the car has more owed on it than it is worth

It may be possible to roll over the deficiency into a new loan on another vehicle but that doesn't remove the loss ,only postpones it...and gets you into a new loan and a new car that most likely also end up upside down because of the added debt you put on the principle

The Book Value of your trade in takes on a secondary roll to the amount owed in this situation

Its a "Help" situation

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