Wednesday, 12 December 2012

Looking at Second hand cars for sale



Second hand cars is actually a pre-owned vehicle that might have one or more retail owners. These cars are sold via many outlets such as franchise, rental car companies, independent car dealers, private party sales and even auctions. Today one can plenty of second hand cars for sale on the web. Most buyers prefer looking on web as it is more convenient and one can have a look at a larger number of options there.

 

The industry for second hand cars is actually far more than the new cars. In US, the second hand cars for sale annually cross $370 billion and this makes for more than half of the U.S. auto retail market. The number of second hand cars that are sold here are almost double of the new cars that are sold.

When looking for second hand cars for sale, you will typically get 3 kinds of pricing information, the Retail Price, Dealer Trade-in Price and Private-Party Price. Due to the permeation of web, it is easy to get information on prices of second hand cars. When you see multiple sources of pricing for used cars, it means that the source lists values from different sources and those may differ.

The sale of second hand cars can get influenced by geography.  For example, warmer climates there would be higher demand for convertibles as compared to the cooler areas. Of course the condition of the used car as well as how it is evaluated too will have an impact on pricing.

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