Are private owner used car sales changed by the economy?

What I need to know is if private listings for used cars are selling at actual value or close to the value of the car? Is it normal to find major savings for the buyer right now in this situation? I know it is possible to find major saving from private listings always but in general right now is there high amount of sellers asking and selling under what they should?|||The answer is "YES!" Many things effect the prices of vehicles and if you do not work in the industry you will not know it directly as a consumer. An example is the recent increase of gas prices. If you are the private owner of a 2006 Chevrolet Suburban with a book value of $32,000 (as an example) and a dealership can buy them at an auto auction for $12,000 dollars, how are you going to trade the vehicle? You can't because you would take a bath in lost equity.





A private seller also does not have the same responsibility as a dealer for ensuring the vehicle is safe. Items like brake wear, tires and such are replaced if not worthy of an inspection. A private buyer can sell the vehicle as it sits. It has an effect on a consumer because they may have to spend some money within a short period of time to replace such items.





To make this short and simple; every market is effected by the economy (to include private and dealer wholesale). If the economy recovers, the market for selling privately will also change. It's something you have to be careful of becasue you could end up buying a car that had little or no actual value for the market you're buying in. Do Your Research!|||email me at chilipalmer2005@yahoo.com and I'll be glad to assist in your questions

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|||yes, and no... some sellers are trying to get all they can right now out of their rides, b/c they are worried about the economy, others look at it as why sell now, b/c when the economy turns around i can sell it for twice as much.





its all bartering





so get out there, find something you like, and make an offer