going to look at this today!
#41
#42
Having been involved with the automobile retail business for 30 years I can tell you that ALL of these guides are just that, a guide. Many are based on dealers self reporting of their retail sales and due to the built-in bias they are the most suspect. Others are loosely based on regional auction wholesale averages and are somewhat more accurate but still shouldn't be used as gospel.
A dealer is somewhat constrained by what the market will bear but even that has little effect when you're talking about relatively low production number vehicles. Individuals sell from the heart most often and will normally feel that THEIR car is a special case for a number of reasons that don't much matter to the normal buyer but do dictate the asking price. The bottom line is that the best deal is most often described as the one which both the seller and the buyer can live with at the end of the day as opposed to being measured against some rather arbitrary figure arrived at by averaging the prior weeks 20 auction sales across the entire country. I've spent hours in those very same auto auction lanes and can attest to the sometimes stupidly low or high prices that can happen on any given day.
If you find a vehicle, Jag or other, that meets or exceeds your major criteria at a price you can afford even if it is higher then a book price or a friends supposedly identical purchase buy it and don't look back.
A dealer is somewhat constrained by what the market will bear but even that has little effect when you're talking about relatively low production number vehicles. Individuals sell from the heart most often and will normally feel that THEIR car is a special case for a number of reasons that don't much matter to the normal buyer but do dictate the asking price. The bottom line is that the best deal is most often described as the one which both the seller and the buyer can live with at the end of the day as opposed to being measured against some rather arbitrary figure arrived at by averaging the prior weeks 20 auction sales across the entire country. I've spent hours in those very same auto auction lanes and can attest to the sometimes stupidly low or high prices that can happen on any given day.
If you find a vehicle, Jag or other, that meets or exceeds your major criteria at a price you can afford even if it is higher then a book price or a friends supposedly identical purchase buy it and don't look back.
#43
There is a glaring loophole in the CarFax reports in that there are no insurance company reports for the vast number of automobiles that are owned by the self-insured fleets. That means that a former rental car can have substantial crash damage that has been repaired with nary a paper trail that CarFax can follow. This would be applicable to any large self-insured organization that maintains any type of rental or lease fleet.
While handy, CarFax and others are not infallible.
While handy, CarFax and others are not infallible.
#44
So, while CarFax probably does not miss a 'Documented Salvage', it's the undocumented ones that one needs to worry about.
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