How to Purchase a Car for Under Book Value

car book value

Buying a Used Car Under Book Value

Buying a Used Car Under Book Value 0 0

Buying a used car for under its book value is possible. Start with a good understanding of depreciation. According to Kiplinger Personal Finance, a car loses value every month of every year. Your daily use vehicle is a depreciating asset. If youre familiar with accounting and depreciation, your car maximum life for accounting purposes may be different from its actual years on the road.

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Then familiarize yourself with the Kelley Blue Book. Not every car of the same make and age has the same book value. Certain markets may favor the value of one car over another. Next, learn about how to find cars available at less than book valu... http://insurance-a.ucoz.com/news/car_book_value/2013-05-30-2462