What is the difference between retail and private party sale and value of a car. When you look up a book value

Question:
when you look up the book value of a car it gives you two different prices.what is the difference.

Answers:

Hi.. I am planning to buy a Tata Indigo XL grand. Is there anyone who own one, and would like to comment ?

Retail is buying at a dealership. Dealerships have to make money, and they provide a valuable service, so they will price the car more, but also usually have it cleaned up great and hopefully in good repair.

Is the car price on used car affected by which of those 2 factors more : the year or the mileage ?

Private Party sale is just that. You are buying from some guy off the street. Car could be dirty, mechanically flawed, no guarantees, etc.

What are some of the things to look for when buying a used car?

In either case, if buying used, be wary when buying. Hire a mechanic to check the thing out and give you a report. Trust me, it's worth the $100 to $200 you pay. You could pay thousands for a lemon.

Can I see cars in Germany?

Also, get the VIN and run a Carfax report to check out it's title history. This will help you spot any cars that have had their titles "washed" to remove information like cars that have been totalled for one reason or another. Not foolproof, but again, useful along with the mechanic's inspection.

I need a free carfax report?

You want the fair market value of the car, not what a dealer can sell it for. The MSRP, is the manufacturer's suggested retail price, for selling from a dealer. Blue book will show three different prices, excellent,good and fair condition.

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The three prices are essentially as follows:

I need to get a car.?

Retail - fair market value + dealer profit

What Motorcycke should I buy?

Private party - fair market value

What should I look out for when refinancing a car?

Wholesale - dealer auction price

When is it time to buy a new (or used) car?

the way its werded

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