The Value of Used Cars

the value of used carsAre you looking for a vehicle and concerned about the value of used cars? Do you feel as if the seller is quoting an excessively high price? You think the used car offered at the dealership is worth a lot less than what the dealers claim? Or is it your own used car you want to sell?

Let Auction Direct USA help you out!

We offer a complete guide towards calculated the true value of used cars. Whether you’re a first-time or an experienced buyer, our team helps you determine the best price for your car. Here’s what you need to know:

Basic Approach to the Value of Used Cars

There’s no rocket science involved in car valuation for appraisal or selling purposes. The value of a used car depends upon its mileage, condition, the amount of damage sustained, any repair works carried out, the market rate for similar vehicles and any modifications made by the original owner or dealership.

Used cars have less depreciation compared to new cars

New cars lose an average of 30% – 60% of their value in the first 5 years.  According to the National Automobile Dealers Association, the average price of a new car sold in the United States is about $30,000.  This means that a new car will depreciate anywhere from $9,000 to $18,000 in just 5 years.

At Auction Direct USA, the first step begins with determining the current retail and trade-in values for the used car, based on its year of manufacture, make and model. This helps us determine the market value for your vehicle. The next step involves any of the following three methods for computing the true value of your car:

The Retail/Trade-in Approach
the value of used cars auction direct usaRetail value (or retail price) represents the price charged by a dealership in respect of the vehicle. Since the dealership incurs significant repair and maintenance charges to bring the used car to (almost) mint condition, it is generally higher than the prevailing price.

Wholesale value (or trade-in price) is the selling price quoted by a private seller. This occurs when the seller wants to sell his/her vehicle directly, without involving any intermediary. This price should be significantly lower than the retail value.

At Auction Direct USA our experts calculate trade-in value for a used car based on our extensive market research. This prevents you from being ripped off by the seller by providing you with a more reliable selling price estimate.

The Market Value Approach

The true value of used cars is actually their market value. This figure is nothing more than the average or retail value and trade-in value. For instance, if the retail value of a car is $7000 and the trade-in value is $5000, then the market value-based approach places the value of the used car at $6000 (7000+5000/2). If you’re unsure of how this formula is derived or need an expert opinion on car valuation, call us today!

Calculator

If the first two methods sound tricky, don’t worry. We offer a simple and efficient tool to calculate the value of used cars:  our patent car value calculator. On our blackbook page, just enter your car brand, model, year of purchase and existing mileage and let us do the math! The final result accurately reflects your car value and what it can bring in the open market.

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Auction Direct USA Recall Policy

Manufacturers have not authorized Auction Direct USA to complete recall repairs and close out recalls. The current recall system is based on manufacturer’s relationship with its dealers and registered owners. Before you purchase a vehicle from Auction Direct USA, your Sales Associate will review with you a Vehicle History report and a VIN-specific recall report from the NHTSA website. Auction Direct USA notifies customers prior to purchasing to have open recalls fixed by the manufacturer immediately.

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Register your vehicle with the manufacturer as soon as you make a purchase. The details for registration vary by manufacturer, but you will usually need your address, date of purchase, VIN and the year, make and model of your vehicle. By registering, you will receive information on open recalls, as well as other important information, directly from the manufacturer. You also will be listed with the manufacturer as the current owner if a new recall is issued.

Please refer to www.safercar.gov, www.nhtsa.gov and www.recalls.gov for further recall information. By subscribing to www.nhtsa.gov (recall notification email system) you will receive automatic recall and safety email alerts.

Why Buy Auction Direct Certified Pre Owned?

Worry FREE Limited Warranty on all Certified Pre Owned Trucks, Cars

As a member of the National Independent Automobile Dealers Association (NIADA), you can purchase from Auction Direct USA with confidence. NIADA is a leading national auto association that provides the same warranty guarantees you would receive from a manufacturer’s dealer.

All Certified Pre Owned Vehicles Rigorously Inspected

When you find the used car you’re looking for at Auction Direct, you’ll notice the NIADA Certified Pre Owned seal on the vehicle. That means you’re assured that the vehicle has undergone a rigorous 125-point inspection.

  • 125 point Pre Owned vehicle inspection certification includes: Engine, Transmission, Air Conditioning and Heating, Brakes, Suspension, Belts and Hoses, Major Electronics NIADA Certified Pre-Owned Vehicles
  • Worry free six-month / 6,000 mile limited warranty
  • Nationwide coverage
  • Towing/Roadside assistance
  • Rental Car Reimbursement
  • Lost Key/Lockout Services
  • CarFax Certified Vehicle History Report

A NIADA Certified Pre-Owned Vehicle means quality and dependability, giving you the confidence you need today and the protection you want on the road.

You’ll also enjoy the hassle-free buying experience at Auction Direct.  None of our salespeople work on commission, so you won’t find the pressures and back-and-forth negotiations you’ve experienced before at a traditional car dealership.

Purchase certified pre owned vehicles at Auction Direct and take advantage of the Auction Direct USA Advantage!

Auction Direct USA Advantage

Special Financing offers for qualified customers
Flexible, fully customizable warranty options
Free Vehicle Maintenance
Free state Inspection
CarFax Certified accident free
100 Day / 1000 mile return option

Customize your extended service warranty and SAVE today by tailoring your very own terms!  Flexible, Fully Customizable Warranty Options for Pre Owned Certified Vehicles at Auction Direct USA in Raleigh, NC.

Drive home in your Certified Pre Owned Vehicle today – we have you covered!

Need Financing for Your Vehicle?

Ready to buy a new vehicle but can’t come up with the cash? Don’t let used car financing stand in the way of getting the used car you want!

Come to Auction Direct USA today! We can provide the auto financing you need to get the used car or truck you need.

Getting used car loans from Auction Direct USA is easy and convenient for our customers. And with the wide variety of the best used vehicles in the market today, you’re sure to find the make and model you’re looking for – and the autfinancing_2.jpgo financing that fits your budget.

Get used car loans from Auction Direct USA. Let us help you with your auto financing and you can drive away in the car of your dreams today!

Used Cars Over 30 MPG

Look no further than Auction Direct USA for used cars over 30 mpg. That’s right! Save on gas prices by driving home today in one of our vehicles that get over 30 mpg. Thanks to new breakthroughs in technology, we are getting cars that offer better gas mileage along with other great specs as well. If you happen to be scoping the market for one of these fuel efficient cars, then the following are some of the best used cars over 30 mpg.

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Great Gas Mileage

Volkswagen Jetta TDI – Volkswagen has always offered more diesels that aren’t trucks than any other manufacturer. If mileage is your greatest concern, the Golf, Passat, Beetle and the Jetta are all good choices, the Jetta being the best of them all. You get a sporty drive, a great looking interior and great gas mileage at an affordable price.

Hyundai Elantra – Hyundai Elantra is another crowd favorite when it comes to buying used cars over 30 mpg. The Elantra remains the darling of consumers nationwide, and for good reason. This vehicle easily manages 30+ combined mpg and also offers tons of features that come along with it.

Toyota Prius – If you’re going for a hybrid, the Toyota Prius still remains the top performer when it comes to fuel economy by delivering a standard EPA-estimated 50 mpg. Who says good mileage and used car are mutually exclusive?

Mazda CX-5 – The Mazda CX-5 delivers one of the best fuel economies when it comes to crossovers. This vehicle is amazing to drive and delivers a fuel economy of up to 35 mpg which is just great at its price. Besides that, if you’re really into sporty looking vehicles then you will find much love of the Mazda CX-5.

Bottom line on used fuel efficient cars?

When it comes down to used cars over 30 mpg and an impressive inventory, there’s no better place than Auction Direct USA!

Check out our used car inventory over 30 mpg here.

Recognizing the Signs of Vehicle Engine Damage

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It’s not always easy to recognize when your vehicle is suffering from engine damage as symptoms can be overlooked and seen as “normal.” While not all sounds and smells may threaten the life of your engine, there are some obvious warning signs that require a vehicle inspection right away.

Early diagnosis of engine damage can most likely be treated, but it is important to be aware of potentially damaging symptoms and have the vehicle inspected if something doesn’t seem right. By acting quickly and making necessary repairs as soon as possible, you could be saving yourself from the cost and hassle of breaking down along the road.

One of the signs of engine trouble is an illuminated check engine light. This light indicates that a vehicle system, such as the ignition, fuel injection or emission control, is not operating properly, even if the vehicle appears to be running normally. Ignoring the check engine light can negatively impact your fuel economy or cause damage resulting in more costly repairs.

Many motorists are familiar with the noises their vehicles make on a daily basis. However, any noise that is new, different or suspicious may indicate a problem, including a high-pitched squeal, grinding or thumping. Sounds under the hood, such as hissing, can also indicate that your vehicle is in need of attention.

Although all cars burn fossil fuels that create undesired emissions, these odors should remain outside of the car. Unusual smells that could signal engine damage include: burnt rubber, hot oil, gasoline, sweet smell of syrup, burning carpet and rotten eggs. When you smell any peculiar odor, you should not ignore it.

Another symptom of engine damage is excessive amounts of smoke or steam. Although some smoke is normal, excessive amounts of dark smoke in particular indicates that oil is leaking into the combustion chamber and is being burned along with the gasoline.