Used car appraisals are a way to determine the amount a seller is willing to receive for a used car. A used car appraisal is an estimate of the value of a used car based on its condition, make and model.
To perform a used auto appraisal, an appraiser will look at the car's exterior and interior, as well as its mechanical and cosmetic condition. In order to get an accurate appraisal, the appraiser will need to have access to the car's documentation, including the vehicle's purchase and ownership history.
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How to get started in used car sales
If you’re thinking about getting into the used car market, here are a few basic terms you need to know. When you’re looking at used cars, it’s important to understand what each term means and how it can affect your purchase.
Carfax: Carfax is a service that provides detailed information on a car’s history, including accidents and repairs. This information is typically available from the car’s sale or lease date forward.
Mileage: The average mileage on a car is about 12,000 miles. You should be aware of this number when looking for a used car because it will affect the price you pay. A car with low mileage will typically cost less than one with high mileage.
Odometer: The odometer reading is usually the last number written on the odometer before it was replaced or reset.