Car gurus vehicle valuation
I recently listed our car at or below price for
all comparable private and dealer vehicles,
yet our vehicle showed up as “overpriced”
hurting our exposure. Furthermore, upon a
deeper inspection of other listings, I’ve found
nearly identical dealer listings with almost the
same price showing up as “good deal”. How
does this system work? Because it sure
looks biased at the moment.
The valuation is based on a lot of factors. Miles, condition, options and your area. Dealer prices will always show higher so you need to price it at Private Sales Values. If you price it anywhere near dealer prices it will always be too high.
The miles, condition, options, geography and warranty are all nearly identical in this specific example. There is an economic value for the said vehicle with said options in said condition, regardless of the seller type. Dealerships will always offer less for trades and sell higher than private sale to cover their overhead but none of that changes he actual value of the vehicle. I appreciate the response but your answer is terribly flawed.
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