Here is a vehicle value mystery for you! Most cars lose value the moment they leave the dealership, but a select few actually appreciate over time. While depreciation is the norm in the automotive world, some vehicles defy expectations and become more valuable as they age. Understanding why this happens requires looking at factors such as rarity, brand reputation, cultural significance, and market demand. One of the biggest factors influencing a car’s appreciation is condition....

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Car values play a crucial role in buying and selling vehicles, yet many consumers are misled by popular valuation sources like JD Power, NADA, Kelley Blue Book (KBB), and Edmunds. These platforms claim to provide accurate pricing information, but in reality, their estimates often fail to reflect actual market conditions. Many buyers and sellers mistakenly trust these sources as definitive guides, only to be frustrated when real-world transactions don't align with the projected numbers. One...

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In January 2025, Connecticut Attorney General William Tong announced a $1.5 million agreement with online used car retailer Carvana following a thorough investigation into the company’s business operations. This resolution stems from numerous consumer complaints dating back to 2019, which detailed issues such as significant delays in title and registration processing, postponed payments to sellers, and misleading statements about vehicle conditions and features. The inquiry, which began in January 2022, was launched after hundreds of...

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Vehicle impounded? Unlock your car, SUV or truck's equity with CarBuyerUSA’s Impound-to-Outbound service. You are not alone – 70,000 vehicles are impounded in the United States daily. The reasons are numerous: Collision/Accident – towed away Breakdown – towed away Parked on private property – towed away DUI/arrest – towed away Homeowners’ association covenant violation – parked on street – towed away Public event/sporting event/stadium/arena – towed away Airport/public transit – towed away Often, you, the...

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The Used Car Market has indeed been very difficult the last two years, with 2024 wrapping up showing signs of light. Used Vehicle Retail volume was up 4% over 2023 but inflation, high interest rates and surging insurance premiums have driven the cost of ownership skyward. The average price of a used car jumped to $25,565 in 2024. Affordability is “the wall” that prevents people from purchasing a new or later model pre- owned vehicle,...

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Electric vehicles (EVs) are becoming a common sight on roads worldwide, celebrated for their eco- friendliness, lower operating costs, and cutting-edge technology. However, just like traditional gasoline- powered vehicles, the resale value of an EV can be significantly influenced by mileage. Understanding how mileage affects your EV's resale value is crucial, especially if you're considering selling or trading in your car. Mileage impacts resale value differently compared to traditional cars. While internal combustion engine (ICE)...

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Snow and salt damage are significant factors that can impact a vehicle's condition and resale value, particularly in regions with harsh winters. The combination of freezing temperatures, snow, and road salt can lead to both cosmetic and mechanical issues, which may not only affect the car’s appearance but also its long-term performance and desirability in the used car market. One of the most visible effects of snow and salt damage is corrosion. Road salt is...

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Mileage is one of the most discussed factors when it comes to determining a car's value. While it's true that the number of miles on the odometer plays a significant role in pricing, there are nuances that go beyond the surface. Let’s explore how mileage truly affects car value, separating myths from reality. When you think about mileage, the common assumption is, “The fewer miles, the better.” While this is partly true, the context of...

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Car depreciation is a crucial consideration for anyone buying or selling a vehicle. Simply put, depreciation is the loss in value a car experiences over time. While all vehicles depreciate, some factors play a more significant role than others in determining how quickly a car loses its value. Understanding these factors can help you make informed decisions when purchasing, maintaining, or selling a vehicle. One of the primary influences on car depreciation is the brand...

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Electric vehicles (EVs) have been at the forefront of the automotive industry’s transformation in recent years. With rising environmental concerns, advances in battery technology, and government incentives, EVs are no longer just futuristic ideas but increasingly a possible option for many drivers. However, the question remains: are they worth the investment? One of the biggest advantages of electric vehicles is their lower operational costs. Traditional internal combustion engine (ICE) vehicles rely on gasoline or diesel,...

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