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Published 
June 29, 2021

Buying private party vehicles is a great way to fill up your lot. It is faster and more efficient than car auctions, and you get a better quality car. But private car owners love to bargain. How do you know you're getting good value for your money? Even if you've been doing this for a long time, so many variables go into car pricing that it is easy to end up paying more than the car is worth.

In this guide, we'll give you some tips on pricing private party vehicles. We use certain tricks to price our vehicles to get the best price, and we'll share some of them with you so that you can get the best price. Getting the best price for cars and filling up your lot is what we do, and we can help you be more successful.

buying used cars private party-1

Tips for Pricing Private Party Vehicles

No matter what the car you are buying is worth, the seller will rarely take the price you've offered. People who sell private party vehicles love to haggle, and it can be a fun game to negotiate a price and establish a rapport with a seller. However, you still don't want to overpay for the car. How do you know if you're getting the best price?

  1. Look at the auction price - Car auctions give you a good idea of what certain makes and models are selling for. Look at what car auctions are trying to get for the vehicle you are trying to buy, and it will give you a place to start when you are estimating its worth.
  2. Understand the fair market value - You don't want to pay the fair market value for a used car but understanding the value gives you a good idea of the car's cost. Credit Karma suggests looking up the car's fair market price in Kelley Blue Book or something similar before negotiating.
  3. How much demand is there? - Knowing whether a car is in demand can help you find the right price to pay, and we can help clue you into a car's demand. If the demand is high, it might be worth paying a little more since you know the turnover will be quick, but you don't want to pay a lot for a car with little demand.
  4. How quickly can you turn the car around? - You want to sell the car off your lot as quickly as possible after you buy it. Keep this factor in mind when negotiating a price for the car. How quickly is it going to leave your lot?

How We Can Help

We understand the problems that you are facing, and we want to show you a better way. The VETTX Software allows you to save yourself the risks of paying too much from private party vehicle salespeople. Our software searches for the VIN in your area and can give you relevant pricing information and market insights, our team narrows down the best deal, and you get the best price so that you can fill your lot with high-quality vehicles. If you want to know more about what we can do for you, click here for more information.

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