Pre-owned car sales make up nearly half of the auto retail market in the United States. One of the first of these car lots in America was the Empire State Motor Wagon. This business was established in 1898 in New York.
An important step to take before purchasing a secondhand vehicle is to do research on the car being considered and the seller. Vehicle history reports are helpful in providing a vehicle record. They typically include all public record information in regards to fraud, buybacks, title branding and product recalls. The damage and maintenance records are also included.
Private-party, dealer or retail and dealer trade-in are the three main pricing reports. Private-party refers to the price expected when sold by an individual seller. Dealer or retail includes the price when a vehicle is bought directly from a dealer. Dealer trade-in is what is anticipated when trading in an automobile. This is generally the same cost as what a dealer would put out for a vehicle during an auto auction.
Prices should be expected to vary. Geography can impact cost. For instance, convertibles have a higher demand in warm climates than cold. And pickup trucks are more popular in rural areas than urban. The condition of a car and the retailer or private seller will also influence total cost.
Used cars, also called pre-owned or secondhand, are vehicles that have multiple owners. Generally, they cost less than new automobiles. They are sold, at varying prices, through places such as leasing offices, car dealerships, auctions, rental car companies and by private citizens. Research the vehicle and seller before making a purchase.