Wholesale value Boxster
10-04-2014, 01:23 PM
#2
Race Director
Well, one (brutal) way is to take the car to a large used car lot and ask what it would give you for the car as is where is, right now.
The used car dealer will have a real good idea of what the car will bring on the wholesale market (at a dealer to dealer auto auction).
Another way is to visit any of the various used car pricing web sites: www.nada.com; www.kbb.com; to name two that come to mind but there are others, and supply the details about the car and answer some questions on condition then see what numbers come up.
Yet another way, though probably with less precision, would be to search out similar cars offered for sale on www.autotrader.com, or www.cars.com (I think that is the address) or similar sites and see what the asking prices are. Roughly used car dealers mark up a used car by at least 25%. (My father-in-law loved selling used cars. He made more money selling used cars than new cars.)
(Back in 2009 I traded in a 2006 GTO and got a $15000 allowance towards a new 2008 Cayman S and a month of two later spotted the GTO on a Chevy dealer's used car lot with a sign claiming the car had been offered for sale at $21,999 but was marked down to $18,999. That $18,999 price reflects a 26% mark up. 'course, I do not know what the car actually sold for.)
The used car dealer will have a real good idea of what the car will bring on the wholesale market (at a dealer to dealer auto auction).
Another way is to visit any of the various used car pricing web sites: www.nada.com; www.kbb.com; to name two that come to mind but there are others, and supply the details about the car and answer some questions on condition then see what numbers come up.
Yet another way, though probably with less precision, would be to search out similar cars offered for sale on www.autotrader.com, or www.cars.com (I think that is the address) or similar sites and see what the asking prices are. Roughly used car dealers mark up a used car by at least 25%. (My father-in-law loved selling used cars. He made more money selling used cars than new cars.)
(Back in 2009 I traded in a 2006 GTO and got a $15000 allowance towards a new 2008 Cayman S and a month of two later spotted the GTO on a Chevy dealer's used car lot with a sign claiming the car had been offered for sale at $21,999 but was marked down to $18,999. That $18,999 price reflects a 26% mark up. 'course, I do not know what the car actually sold for.)
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10-10-2014, 09:04 AM
#8
Track Day
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I was more concerned with wholesale value. In Ontario they charge HST based on which ever is higher receipt or Wholesale value. Luckily the used car report from service intro did not have a wholesale price. That was you pay tax on the receipt price.
BTW- Xpit77 love the picture from outside CYGK
BTW- Xpit77 love the picture from outside CYGK
10-17-2014, 11:40 AM
#9
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1997 Porsche BOXSTER RWD/2.5L-F6 (201hp)
Fair Clean Excellent
4250 6875 10375
Fair: A vehicle that runs and drives but needs mechanical work to make it safe, reliable transportation. Cosmetically, the vehicle shows numerous signs of wear and tear, but is not to the point of needing major bodywork or structural repair.
Clean: Vehicle is presentable and ready for the road, but shows normal wear and tear for age such as a few Minor dings and/or scratches. No mechanical, bodywork or structural repair is needed. No rust through anywhere, may have a couple small areas of surface rust.
Excellent: A very well kept older vehicle, often with low mileage for the year. Needs no mechanical work. Shows well, with little or no cosmetic needs. Appears to be far newer than it actually is.
VMR seems to have the most realistic Canadian values, but there is no allowance for mileage.