Used car prices aren’t engraved in stone. Therefore, every buyer expects to negotiate a better price with the seller and spend less on a vehicle. However, the more you understand about cars and the condition of the vehicle you’re interested in, the better the chances to significantly reduce its price.
Employing carVertical’s history report can give you leverage when bargaining with the seller. So how can you use a report to negotiate the price of a used car?
Why is carVertical’s report essential when negotiating the price?
Karolis Bareckas
The used car market is in constant flux, therefore a lot of things can happen in a few months or a year. However, the situation in different countries varies, and every market has its peculiarities.
The Market Transparency Index is our annual study conducted in 25 countries to determine the level of transparency in their second-hand vehicle markets. We ranked each country and analyzed current market trends by using the following metrics:
Percentage of odometers with falsified readings
Karolis Bareckas
Founded in 2011, Simplicicar has long established itself as one of the used car market leaders in France and Belgium. The company specializes in premium second-hand vehicles, selling around 20,000 cars each year in Europe. By the end of 2024, Simplicicar plans to have around 90 dealerships and expects to expand to 100 in 2025.
Catering to different types of customers has lead Simplicicar to have a diverse marketing strategy. After all, vehicle sales is a highly competitive industry, where many verticals have to align for success.
“It's important to build your brand, so you can control its developments, remain independent from other brands, and have exclusivity. What's more, it gives you more room to maneuver on all fronts,” said Alexis Ritacco, Head of Marketing & Communications at Simplicicar.
Employing influencers to reach different audiences
Karolis Bareckas
Used car dealerships are at the heart of the second-hand market, and therefore some of carVertical’s most important clients.
Throughout February and March, we ran a survey to better understand how European dealerships function:
What cars they buy and sell
Tadas Švenčionis
In the United States, car title loans are often featured in bold and distracting online ads and roadside billboards. Title loan companies offer quick and easy money to anyone who owns a car, promising you cash within minutes. While this may seem like a good deal at first, many people regret taking title loans, so there are a few things to know if you consider getting one.
Understanding car title loans
Car title loans (also known as registration loans) may save you from a financial pinch, but many borrowers focus on the money without digging into risks and other essential details.
Evaldas Zabitis
If you want to change the owner of a vehicle in the United States, you need a car title. Have you lost or damaged it? A bonded title may be your solution.
Using a bonded title carries its risks and drawbacks – it should be your last resort when the original title is missing. With that said, sometimes there's no alternative, so let's look into what a bonded title is and how it works.
If you’re planning to buy a car without a title, knowing the principles, benefits, and potential risks of bonded titles can save you lots of time and money.
Evaldas Zabitis
Tough times create unexpected expenses, and a car title loan is one of the most straightforward solutions, especially if you have a bad credit history and can’t increase your credit limit or get a personal loan. Most people realize that a title loan isn’t a good idea only when they want to get out of it. But don’t worry – it happens to the best of us.
Discipline and dedication can help you if you’re stuck in a title loan. Let’s get into it and find the best solution for you.
Understanding the challenges of title loans
Evaldas Zabitis
You can’t repair a car without diagnosing the problem first.
As modern cars consist of all kinds of complicated systems, you’ll often need specific diagnostic tools to check and test them. Therefore, getting a grip on what these tools are is beneficial for all daily drivers.
Let’s look at the different types of car diagnostic tools and understand their importance and working principles.
Evaldas Zabitis
A car with a salvage title can spark both curiosity and concern. It depends on whether you’re just into cars and their stories or are seriously considering buying that specific vehicle.
Is having a salvage title the end of the road for a car, or can it still have a future?
Let’s find out in this blog post.
Renata Liubertaitė
Every branded car title has a purpose. Depending on the title brand, you can determine whether the car has been damaged, had a lien on it, or was salvaged from a junkyard. Sometimes, a “rebuilt” title hides one of these definitions.
To understand the meaning of a rebuilt title, let’s explore how they differ from salvage car titles and evaluate whether buying a car flagged as rebuilt makes sense.
What does a rebuilt title mean?
Aivaras Grigelevičius
Buying a used car can be tricky due to misleading information and dodgy practices. It’s common to check a vehicle's mileage, damage, and service records because they are the main culprits of disappointing car ownership experiences. However, before you start questioning the vehicle’s condition or negotiating the final price, you should always confirm if the car has a clear title.
Let’s explore the importance of clear car titles and how to check them before purchasing a vehicle.
What is a clear car title?
Aivaras Grigelevičius
Safety has always been fundamental to car design, but modern vehicles go beyond basic protection. Today’s cars incorporate advanced technologies not only to ensure the safety of passengers but also to safeguard other road users.
To achieve the desired results, manufacturers are investing in new engineering methods, governments are imposing new regulations, and organizations like ANCAP play a crucial role in keeping progress on track. How? Let’s explore further.
Introduction to ANCAP
Aivaras Grigelevičius