If you are planning on selling your vehicle to Carvana you better get cash or certified funds, because It looks like the “B” word for Carvana! Carvana is in deep trouble financially and is now facing BANKRUPTCY. Earlier this month, Carvana initiated drastic cost cutting measures and furloughed off 8% of their employees! Carvana rocketed...

The National Highway Traffic Safety Administration (NHTSA) launched over 1,000 safety recalls affecting nearly 35 million vehicles and other equipment in 2021. Safety means, FIX ME RIGHT NOW…many of the Vehicle Manufacturers will issue “Do Not Drive” statements to the vehicle’s public owner. This may be a direct communication or broadcast (print or other media)....

Nearly 20 million vehicles are sold casually in the US each year. Casually would mean C2C (consumer to consumer) or private sale. Dealers account for an additional 40+ million used vehicle sales per annum. A large portion of these vehicles are financed while private sales are generally cash deals. If your vehicle is financed (has...

Does Canadian History hurt the value of your vehicle? Unless it’s a weekend trip for your kid’s hockey tournament the answer is yes, absolutely! Crossing the border with a vehicle made for US Specifications isn’t the problem. A registration event and or change of ownership in Canada would create a history in CarFax and AutoCheck...

CAR THEFTS! They’re growing fast in the USA. Whether for resale or parts, if you want to sell your car after it was stolen, you’re going to take a hit, even if it wasn’t damaged! That’s the way the market is. You just can’t catch a break if someone steals your car so lock it...

Is it safe to sell my car to Carvana ? Unfortunately the answer is “probably not” and there is a great deal of evidence that would suggest it is very risky to sell your vehicle to Carvana. If you read what’s happening to Carvana in Michigan, Illinois and Florida they have been shut down by...

Mileage is the primary indication of wear on a passenger vehicle, so the short answer is yes! Mileage is mutually exclusive of age and will always have a profound impact on value erosion, irrespective of model year. Conversely, a vehicle with exceptionally low mileage will have more value than average with respect to older model...

Is a NADA (National Automobile Dealers Association) Value for my car any good? Will somebody actually pay me that amount? Here’s the quandary with guidebook values…there are several out there including: NADA, Edmunds, BlackBook and Galves -plus a host of websites that will project a value for your vehicle. Most of these sites even give...

Leased Vehicles and Vehicles being sold with lien payoffs are worth less than a vehicle being sold with “title in hand”. It’s a hard fact and we will explain exactly why this is so. Let’s take the easier one to explain, first. Vehicles that are financed must be paid off “in full” in order for...

Pre-owned Tesla values are skyrocketing and have reached record levels as fuel prices surge and commuters look for long term relief. Much like COVID19, many Americans believe that a new normal is here with gasoline prices and that we may never see gasoline under $3.00 a gallon in the USA. Based on vehicle purchases, Pre-owned...