Friday, December 9, 2022

What’s My Car Worth Carfax

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What Customers Are Saying About Carfax

BCH: What CarFax did to my car’s value

“If I hadn’t run the Carfax Report on each of the four cars, we would have bought the wrong car. And that means we would have wasted/lost $4,000 to $5,000.”

Robin S.

“Carfax actually helped me to not buy the wrong car when the report showed that a car had been in an accident which deployed the airbag.”

Steve M.

“Thank you Carfax, I really believe you saved me $6,500. Your service was worth every penny. I will recommend your service to all of my friends.”

Robert T.

Can I Look Up The Price Of Any Car Truck Or Suv For Free

Yes. Simply enter your VIN or license plate into the Carfax History-Based Value look-up tool to get the Carfax Value on your car, truck or SUV. Our unique VIN-specific value report considers reported accidents or damage, number of owners and the cars service history. Other factors include how the vehicle was used . The result is a clear picture of what your car is worth right now. This more detailed information will help you regardless of whether youre buying a car, trading yours in, selling yours, or getting an appraisal.

What Is A Vehicles Asking Price

A list value , is the price a seller requests for their vehicle on a listing site. A sold value is what the car actually sold for. Typically, there is a difference between list and sold price. Therefore, if buyers and sellers enter a negotiation knowing the cars Value Range average, theyre going in with a common starting point. Consider pairing that knowledge with a CARFAX Canada Vehicle History Report, so you can have a full understanding of the cars past and come to a mutually agreed upon price quicker.

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Where Does Carfax Get Their Information

CARFAX reports are compilations of information from repair and service facilities, motor vehicle records in Canada and America, state inspection stations, auto dealerships, law enforcement agencies, vehicle manufacturers, auto auctions, rental companies, and fire departments. These places voluntarily give CARFAX the information they gather on vehicles that come through them.

Why Do Some Cars Depreciate Faster Than Others

How Much Is My Car Worth Carfax

Car prices trend downwards over time. A new car typically loses 20% of its value in the first year, then 15% of its value each year after that. So after 5 years, it may be worth only 40% of its original purchase price. Our History-Based Value considers data that affect depreciation prices, including the cars brand, accident or damage history, title history, service records, and the number of owners its had.

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Canadian Black Book Car Value

Canadian Black Book is technically the little brother of Kelley Blue book. It was created in 1955 in Canada as a way for Canadian dealerships to evaluate trade prices.

Most trade tools derive their trade value based off Canadian Black book information, however Canadian Black book also provides their own stand alone car value tool to find a trade in range. Unfortunately when you obtain a black book value through their website, they require you to put which vehicle you are considering upgrading you to next, and your information is passed a long to another dealership. This is one disadvantage the website has compared to Kelley Blue Book or the Conquest Trade Tool, where you can get your trade value instantly without it being sold.

Why do most dealers provide a value less than Canadian Black book?

This is a 2 part answer because Canadian Black book provides consumers a value based on a range. This range tends to highlight what the cleanest vehicle and the dirtiest vehicle could be sold for based on private market data, wholesale auction information. Unlike Kelley Blue Book, this number is more often approximate to what the vehicle would be sold for, rather than what it might be traded in for.

As mentioned above, their is about a 1-5% difference in price plus generally $2800 worked in for a vehicles reconditioning which will make up the difference between its trade price and and its selling price.

Find Out What Your Car Is Worth

Enter your vehicle information above to get started. It’s super quick, like 30 seconds.

Our database compares your vehicle to similar vehicles locally & gives you an instant value report.

If you choose to sell, we will make an instant cash offer online, where you can redeem right away at our buying centre.

You are paid cash the same day! Or you can apply your cash towards a new or pre-owned vehicle and get a tax credit!

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How Maintenance Impacts Used Car Value

Keeping up to date with regular service like oil changes, tire rotations, alignment and brake inspections increases the value of your used car by providing the new buyer with assurance that the vehicle has been properly cared for. You can charge a little bit more for a vehicle with records of regular service history than without, because, if the buyer questions your asking price, you can provide them your service records as added peace of mind that the vehicle is in good shape.

Who Is A Vehicle History Report For

Dad: Show me the CARFAX Value! (short version)

A CARFAX Vehicle History Report can be used by anyone who wants to check the history of a used car. You may use a CARFAX Report to check the history of a car youre about to buy, or a car you own that youd like to sell to a private party. Shoppers feel more confident buying a used car once they know its history.

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Car Valuation: How Much Is The Car Worth

Before the change of ownership, you have to agree on the price. But determining the car value requires some research.

Billionaire Jean Paul Getty once said, You dont talk about money …. Of course, thats not true when buying or selling a car. However, the question of what the vehicle is worth is not easy for a non-technical person to answer. If you ask for too much, the car stays in the yard if you sell below value, you will be disappointed.

Check every car before you buy

Get our comprehensive vehicle history report and buy safer.

Frequently Asked Questions On Trade In Value

What is a Canada Black Book value?

A Black book value is a trade amount given for a vehicle based on aggregate data from a marketplace. It factors kilometers, trims, packages, and conditions. Canadian Black book was originally a physical book that dealers would reference to provide trade-in values to their clients in the process of selling a vehicle. The brand has been around for over 55 years and is widely trusted in the industry as a reference point for resale value.

How is the Canadian Black Book value effected by vehicle condition?

Vehicles are given a Canadian Black book car value based on their condition ranging from rough, average, clean, & extra clean. Dealerships and auctions reference these 4 categories to provide a better estimate on where the vehicle would sit. Typically, online appraisers are set to rough as a default value, which always tend to value a vehicle on the low end.

Why do dealerships give values lower than Canadian Black Book?

Dealerships tend to purchase a vehicle for a wholesale value, and then sell the vehicle at a retail value. In order for the vehicle to be resold, it goes through a 50-100 point inspection, a complete detailing, and a certification process. A dealership will always purchase a vehicle at a wholesale value because of reconditioning costs. They also incur risk if the value of the vehicle is overpaid, the market supply changes, the vehicle is not able to to be sold, or incurs interest on the lot.

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Do Car Values Differ Across Canada

Yes. Canada is a large country with many different climates, topographies and road maintenance practices. For example, sand is used on Alberta roads in the winter to combat slippery snow and ice, whereas in Ontario , salt is used instead. Some people have strong preferences regarding buying a car thats been driven on salt , as these agents have different impacts on vehicles. While salt can cause corrosion, sand can cause paint and windshield chips, so neither is perfect. There are also a number of Canadians who prefer B.C. driven vehicles that havent been exposed to a rough winter at all, and that doesnt take into consideration how demand for certain makes/models can vary by area because of things like industry and climate.

Does Carfax Have A Report For Every Vehicle

Is Carfax Worth It Fresh How Much is My Used Car Worth

CARFAX Reports are available for vehicles manufactured since 1981, when the 17-character VIN was standardized. CARFAX has information about cars and light trucks, though some information for other vehicle types may be reported to CARFAX as well. CARFAX Reports are powered by the CARFAX database believed to be the worlds largest vehicle history database containing billions of records from more than 100,000 domestic and international sources.

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Carfax Used Cars Values And Vehicle History Report

Carfax considers a wide range of factors when providing a car’s approximate value. These factors include mileage, condition, make, model, location of the vehicle, and the other options and features included. Many cars receive a full customized value based on the Vehicle Identification Number provided, which offers unique value to customers.

Carfax provides Vehicle History Reports on individual used vehicles with the model year of 1981 or newer. Using the VIN, Carfax can create a report from its database of over 17 billion records. The Carfax vision is to lead the way in vehicle history information for all buyers and sellers working with used cars.

The vehicle history report is the result of analyzing information to determine vehicle value for a specific car. This report includes accident history, service history, maintenance performed, the number of previous owners, recalls for that model of vehicle, and the use case of the vehicle.

Values may be different for vehicles that were for personal use compared to business or fleet use. The variability in vehicle values is tangible, and using the VIN is an excellent way to find the actual value of your car compared to the marketplace. Merely observing the competitive landscape of the used vehicle market is insufficient to provide genuinely accurate values.

Online Marketplaces Offer A Good Value Indication

An initial guide to determining the value of a vehicle is to do research on online car platforms. If you enter the model, mileage, year of manufacture and optional equipment, you can see the prices that are currently being asked for comparable vehicles. This gives you an approximate idea of the value of the car for sale. The sum indicated there is usually somewhat higher than the actual value. Its important to keep in mind that the information provided by the seller is a basis for negotiation, and not set in stone.

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So How Can Carfax Help Improve The Value Of Your Car

Think of it this way…what do you look for when purchasing a pre-owned car? If you are like most people you would desire a car that was well cared for. You would want to make sure that it was regularly serviced, right? So it stands to reason that you should care for your own car and make sure that your efforts to do so are well recorded. The simplest way to do that is to have your car serviced by a garage that reports all maintenance activity to the reporting giant.

How Does Carfax Calculate A Vehicles History

Better Call Harry: What Carfax did to my car’s value

Vehicle history is an important factor in determining a cars estimated market value. To start, it takes into consideration a vehicles year, make, model, mileage, location and condition. On top of that, the Carfax History-Based Value is powered by vehicle-specific data thats tied directly to each car through its vehicle identification number such as ownership history and how it was used. See Comparison Chart.

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If You’re Selling Privately

This option takes the most time and effort, but it could also yield the highest payment. You’ll need to photograph your vehicle and list it on a classifieds site, meet with strangers safely , and exchange money and file paperwork to close the sale. Selling privately can take anywhere from a few days to a few months, so this method generally isn’t best if you need the money quickly. We don’t mean to scare anyone off we just want to be honest about the work involved.

Once you’re ready to publish your listing, use the Edmunds private party-value to set the asking price. There’s a strategy to setting a price, which we elaborate on here. Essentially, you’ll want to ask more than the private-party value to build a cushion for buyers who want to negotiate. The same rules mentioned above regarding the vehicle condition level apply to private-party prices as well.

How Much Should I Charge

When selling a used car, you want to get the best price possible. Most used car shoppers have a budget in mind when they start their search, so pricing your car competitively is important to selling the car quickly and not getting bogged down in endless negotiations. Many things can affect your cars value including previous damage, the number of kilometres its travelled and where its been registered. Consider all the factors that influence the cars value, and find out what the average selling price is using our Value Range tool.

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Can I Use The Value Range If Im Trading In My Car

Absolutely! Trade in your vehicle with confidence that youre getting a fair price. By using CARFAX Canadas Value Range tool, youll have a baseline for what you could expect to see for trade value. The cars history like service records, damage and many other factors can increase or decrease the value, but you will have a good starting point. Keep in mind that dealer offers must account for the cost of reconditioning your vehicle to get it ready to sell, so their offer may end up lower on the range than similar vehicles sold for in the Value Range tool. On the other hand, this is saving you the time and effort to prep and sell the car yourself.

CANADA’S MOST COMPREHENSIVE ACCIDENT HISTORY REPORT!

CARFAX Canada provides the most comprehensive and reliable vehicle history reports in Canada, giving you peace of mind when you purchase a car. Never buy a car without a CARFAX Canada report.

If You’re Shopping For A Used Car At A Dealership

Carfax Used Car Value Beautiful How Much is My Used Car Worth

This option is for people who are buying a used car, not selling. In this case, go on Edmunds and enter the details of the vehicle as if it were your own. The dealer retail value will be the most pertinent to you. This is an estimate of what you’ll pay for that same car at a dealership.

The dealer retail value gives you a reference point. It shows whether or not the advertised price is a fair or great deal. If the dealership’s asking price is higher than what you see on Edmunds, you can reference it and ask the dealer to match or beat that price. This sort of “informed negotiation” typically goes over better with a salesperson since it shows that you’ve done your research.

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Are Kelley Blue Book Values Accurate

The question Whats the Blue Book Value? has been part of buying and selling a car for over 90 years. And simply put, no one has more experience with vehicle values and pricing than Kelley Blue Book. Weve been the go-to source for both consumers and the automotive industry since 1926. We leverage massive amounts of data, including actual transactions – then adjust for local market conditions and seasonal trends. Our values reflect both wholesale and retail transactions to provide a 360 degree view of the market. We update our pricing at least weekly to reflect the market and give dealers and consumers the most up-to-date pricing.

Coming Clean On Condition Levels

Our tool will ask you to pick from five condition levels: outstanding, clean, average, rough and damaged. Most people will choose one of three: clean, average or rough.

You might be tempted to choose “outstanding” to get more money for your used auto. After all, you’ve pampered your car the entire time you’ve owned it, right? But the truth is that few cars qualify for this rating.

“Outstanding” is reserved for older, low-mileage vehicles in cases where well-preserved examples are hard to find, says Richard Arca, senior manager of pricing for Edmunds.

Edmunds True Market Value used car prices are all set at “clean” condition, Arca says. The price of a car in a less-than-clean state is adjusted downward from there, and it reflects what it would cost to bring the vehicle up to a clean state.

If your vehicle was in an accident, it could still be considered “clean” if it was repaired with factory parts and according to the manufacturer’s specifications, Arca says.

“In reality, cars that have been in accidents tend to lose market value, but there is really no way to gauge how much,” Arca says. He adds that some of the factors that affect the value are the severity of the damage, the quality of the repair, and the demand for that particular model.

Be honest and objective about the state of your used vehicle. Try to see things from a potential buyer’s perspective.

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