GON
$100 Site Donor 2024
Looking for a SUV for my Daughter in Law (DIL). I have been struggling with the continual high price of salvaged titled vehicles at auction, so thought to bid on some clear titled SUVs at the salvage auction. I do all the research including carfax, epicvin, etc. I pick out about a dozen prospects. I then run these prospects SUV through edmunds dot com, which gives a carmax offer as part of the appraisal process.
What I am finding is clear titled vehicles that one can't test drive, can't even start up- are selling on average for 60 percent to double what carmax is offering. Maybe carmax is super low balling, looking for a uneducated Seller, maybe carmax inventory is up and they are only making lowball offers, but my observation may suggest the used car market is still very strong, and people are will to pay top dollar for a vehicle, even with significant risk in the purchase.
What I am finding is clear titled vehicles that one can't test drive, can't even start up- are selling on average for 60 percent to double what carmax is offering. Maybe carmax is super low balling, looking for a uneducated Seller, maybe carmax inventory is up and they are only making lowball offers, but my observation may suggest the used car market is still very strong, and people are will to pay top dollar for a vehicle, even with significant risk in the purchase.
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