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Retail Value Versus Market Value In The Context Of Selling Your Used Car

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Description

Retail value and market value are two terms you are bound to be familiar with, from the realms of vehicle insurance. If you’re in the process of selling your used car, it’s an equally important principle to consider. For those who are not familiar with the two, the retail value of your used car is the recent average price at which car dealerships are selling your particular vehicle make and model. In contrast, the market value of a vehicle is more individual in nature, calculating what a potential buyer is willing to pay a used car seller for a particular vehicle. This article expands on our recent blog which assists you in determining a final price when selling your used car. The market value of a vehicle, while open to scrutiny, is a better indicator of your vehicles valuation in any current economic climate. This article aims to explain why you are seldom likely to be offered the same price as an identical used vehicle for sale at a local dealership.

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