Fair Market Value Related Topics 
CarExpert
JANUARY 11, 2024
The MSRP declines in EVs over the course of 2023, driven primarily by Tesla, have driven the fair market value of our EVs lower as compared to last year, such that as salvage creates a larger loss and therefore greater burden,” said Mr Scherr. While Hertz is moving away from EVs, Americans are buying them in record numbers.
Shawn Ryder
JANUARY 17, 2025
Understanding Negative Equity Negative equity, also referred to as being “upside down” on your loan, occurs when the amount you owe on your vehicle exceeds its current fair market value. This often arises from: Rapid Depreciation: Vehicles typically lose value quickly, especially in the first few years of ownership.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Market Doctors
FEBRUARY 21, 2024
Here are some tips to help you emerge with a great deal: Know Your Numbers: Do your research to understand the fair market value of the vehicle you’re interested in. This knowledge will provide you with a solid foundation for negotiating and prevent you from overpaying.
Car Examer
JUNE 3, 2024
Fair Market Value: Many companies use up-to-date market data to offer competitive prices, ensuring you get a fair deal. Here are some benefits: Quick and Convenient: Companies that buy cars streamline the selling process, often providing quotes within minutes and purchasing your car within days.
Car Examer
JANUARY 25, 2024
Negotiation Strategies: Know the Market Value: Research the fair market value of the specific make and model to negotiate from an informed position. Performance Evaluation: Assess the vehicle’s acceleration, braking, and handling during the test drive.
Car Examer
NOVEMBER 5, 2024
Start by researching the car’s fair market value, so you know what’s reasonable for its make, model, and condition. Avoid models that have been discontinued, as replacement parts can be hard to find and more expensive. Be Ready to Negotiate Don’t be shy about negotiating—there’s often room to bring the price down on a used car.
Shawn Ryder
JANUARY 17, 2025
Do Your Research Before stepping into a dealership, do comprehensive research on the type of vehicle you want: Market Value: Use platforms like Kelley Blue Book or Edmunds to understand the fair market value of the vehicle.
Expert insights. Personalized for you.
105 
Let's personalize your content