29
Jul
Should I pay less than market price for dealer/used car purchased in auction and owned by a company?
Author: admin | Category: Car auction
The car was originally owned by a company and bought by the dealer in a car auction (actually Autocheck says that there were 2 auctions)
Who owned the car prior doesn’t have any bearing on how much the car is worth. What matters is how well the previous owner took car of the car as well as the cars current condition. If you are worried about possible vehicle issues, I would buy a used car that will have a Certified Pre-Owned warranty. Good Luck.
July 29th, 2009 at 11:23 am
maybe if it was a rental company, if it was a normal ol business, that doesn’t hurt it, at least they could afford to maintain it, can’t say the same thing for privately owned cars. Auction doesn’t mean anything bad about a car, just that the car needed to leave the dealers inventory because he couldnt use it or move it, maybe too many similar cars were there, or whatever the many reasons could be. It could have simply been a lease return for the 1st auction. If it’s in good shape, its what you want, and its comparable in value to any other, just buy it.
References :
July 29th, 2009 at 11:52 am
Who owned the car prior doesn’t have any bearing on how much the car is worth. What matters is how well the previous owner took car of the car as well as the cars current condition. If you are worried about possible vehicle issues, I would buy a used car that will have a Certified Pre-Owned warranty. Good Luck.
References :
Lead Programmer for The Auto Evaluator
http://www.usedcarevaluator.com