Canada Used Car Prices
It’s important to have an idea of the used car price of a certain make and model if you want to make a great deal by selling or buying a used car. In Canada, the used car prices you can use as guidelines are also included in books just like in the USA and there are three major categories of used car prices to take into consideration: the wholesale price, the private party price and the retail price offered by dealers.
The Canadian car sellers and buyers can use as reference the Canadian black book which is a resource available online. This book contains the pricing of used car that are up to 12 years old. For example, considering that we are in 2011, you will be able to find reference prices for cars that have been manufactured all the way back in 1999. But even if you are interested in a vehicle that has been manufactured in an earlier year, let’s say 1997, you can still use the Canadian black book. You will only have to subtract from the price of a 1999 model a difference between $1,000 and $1,500 per year.
To use the Canadian black book website for the purpose of determining the wholesale price, you will have to provide some information about the used car you want to buy or sell: the trim level, the type of engine, the mileage and, of course, the make and the model. You will also be asked to introduce some contact details if you’re using this tool for the first time. You will just need to enter an email address, a name and a postal code. Once you’re done, you will receive the Canadian used car price you were interested in.
If you are interested in the Canadian retail used car price, then you will have to add to the wholesale price $1,000 or $2,000. The resulting value is valid for private sales, because most sellers like to leave room for negotiation. A dealer will add a little bit more money to the wholesale price: between $3,000 and $6,000, so you shouldn’t buy the car he’s offering without trying to negotiate a lower price. Dealerships are all about profit, so you shouldn’t expect huge discounts.
Let’s have a look at what we can get for different Canada used car prices. For a price between $1,500 and $3,000 (Canadian dollars) you will be able to buy a car for transportation purposes that will require some repairs. To find a car in an acceptable condition you will need to have patience and look for ads placed by private sellers or small independent garages. Those are usually the only sources, because Canadian dealers don’t usually sell such cars.
For a higher budget, between $5,000 and $7,000, you will be able to buy a five or nine-year old car with acceptable mileage. You shouldn’t expect to find a car in perfect condition, but with a little bit of luck you might be able to find a vehicle reliable enough to keep around for the next 3 or 4 years without having to invest a lot of money in repairs. If you have such a budget you should look for cars sold by independent used car dealers or by private owners.
For a Canada used car price between $12,000 and $18,000 you will be able to buy a used car which is 3 or 4 years old and in a great condition. Such a car can be driven trouble-free for a few years and can be found at any dealer with a warranty attached.
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