Cashing in on Used Cars Review (R J Webb) |Is cashinginonusedcars.com Scam or Legit?
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|Ratings: 7.8/10 | Metascore: 76/100 | Author: R J Webb|
|Official Site : cashinginonusedcars.com | Reviews: 139 user | 104 likes|
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The National Automobile Dealers Association (NADA) predicts prices for used vehicles will jump from 0.5% to 1.5% by year’s end, and could go even higher for those living in areas ravaged by the storm. “The loss of used-vehicle supply and the increase in replacement demand after Sandy will have the greatest impact on used-vehicle prices in December,” says Jonathan Banks, executive automotive analyst with the NADA Used Car Guide. “Regionally, the concentrated damage that occurred in New Jersey and New York mean that used-vehicle prices, particularly for import and luxury cars, will most likely increase beyond NADA’s national level expectations.”
The good news is there are still plenty of good deals to be establish among late-model used vehicles. The key is to discover a car or truck that performs well and has a good record for reliability, but through no fault of its own carries a lower resale worth which makes it more affordable in the used-car market than other models in its class.
Age, condition and mileage largely determine a car’s resale value, but known models can still command higher- or lower-than-average prices because of various market forces. According to Automotive Lease Guide, a used vehicle’s value can be affected by something as superficial as a particular make or model’s market perception. Cars initially sold with big cash rebates tend to take a greater hit in terms of depreciation, as do vehicles that have healthy fleet- and or rental-car sales, which makes certain a steady flow of models into the resale market each year.
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