| Buying a New Computer... Or Car... on the
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| | checking more than one source is
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| Internet
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| | recommended. There are three major price
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| For over two decades, Dell, Inc. has been
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| | levels: trade-in (or wholesale), private
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| wildly successful at bypassing the
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| | party and retail. Trade-in is what one
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| traditional stores and selling computers
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| | would expect to get from a dealer for
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| directly to consumers, custom-assembled
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| | one's used car - it is the lowest of the
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| according to a selection of options. The
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| | three averages, but it's important to
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| promise of convenience and savings, along
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| | know as a baseline. Private party is what
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| with Dell's strong company reputation and
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| | one would expect to get if one sells a
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| their backbone of customer service have
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| | car to another person, and retail is what
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| helped ease consumer fears of buying a
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| | one would pay for that car at a used car
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| relatively expensive product sight
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| | dealership.
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| unseen. Gateway and other computer makers
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| | Third Party Vehicle History Reports
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| have since embraced the online medium and
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| | In addition to the seller's honest word
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| are now enjoying a similar success at a
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| | and availability of service records our
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| varying degree. It won't be long before
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| | prudent innovators tap into the same
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| buying a new car online is not going to
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| | third party vehicle history report
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| be much different than ordering a new
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| | providers the rest of the used car buyers
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| computer. Some German manufacturers have
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| | use. CARFAX and Experian's AutoCheck,
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| already caught on to this emerging trend.
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| | initially serving the automotive
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| A BMW enthusiast, for example, could
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| | professionals only, have been available
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| configure and order a new M6 months
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| | to the general public for a number of
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| before its official entry into the US
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| | years now. For $24.99 CARFAX offers 30
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| market. He or she could then track its
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| | days and AutoCheck offers 60 days of
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| progress through the manufacturing
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| | unlimited vehicle history reports. These
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| facility online similarly to the way one
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| | provide extensive reporting on the
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| would track the progress of one's new
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| | vehicles' recorded history: date and type
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| Dell. However, buying a new car online
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| | of registration and renewal events, as
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| sight unseen is not a very risky
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| | well as checking for recorded incidents,
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| proposition. One knows what one is
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| | odometer rollbacks, junk, salvage,
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| getting and there is franchise dealer and
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| | rebuilt titles, insurance loss, theft,
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| a manufacturer standing behind it.
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| | lemon buybacks, etc. Many dealers realize
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| Buying a Used Car on the Internet - a New
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| | the convincing power of stating the
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| Breed of Shoppers
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| | recorded facts and now offer free vehicle
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| What about the used car market online?
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| | history reports for the cars they sell.
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| How can consumers quantify the risk they
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| | Car Inspections
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| are taking buying a used car sight unseen
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| | Independent vehicle appraisal/inspection
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| to make sure it is justified by the
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| | services with online presence have also
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| savings of such purchase?
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| | seen a boost in their business. For
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| Historically, conventional used car
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| | $99.95, CARCHEX offers to give any
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| buyers have been able to kick its tires,
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| | automobile a 155-point pre-purchase auto
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| take it for a spin, and haggle over the
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| | inspection almost anywhere in the USA.
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| asking price of the car they like at
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| | Not too high a price for peace of mind,
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| their local dealer since the invention of
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| | especially if it can save one from having
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| the automobile. Because of the internet,
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| | to deal with surprise repairs. For half
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| a considerable number of these
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| | of this amount, one can find a mechanic
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| "conventional" used car buyers have found
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| | in the local directory who can check out
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| a myriad of ways to harness the power of
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| | the car and even take it for a test drive
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| the ever expanding online automotive
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| | on one's behalf and then fax a detailed
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| resources and tools available at their
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| | report. Nevertheless, some of the more
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| disposal to make informed buying
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| | thrifty buyers have found ways to save
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| decisions.
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| | themselves the nominal fees mechanics
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| It is from those online savvy buyers that
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| | charge without depriving themselves of
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| a new breed has emerged - those who buy
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| | the peace of mind of a pre-sale
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| their used cars online, sight unseen.
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| | inspection. Say, I live in Boston and
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| Although they represent a relatively
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| | happened to find a 1974 BMW 2002tii that
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| small portion of the used car buyers,
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| | I really wanted all the way in San Diego.
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| these brave souls see an unmatched
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| | Now, I would definitely want the car
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| advantage and find ways to minimize the
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| | inspected prior to buying it. My thrifty
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| risks. But what's in it for them, one
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| | side, however, wants to avoid the $150
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| might ask? Simple, actually: selection
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| | fee a local company would charge me to
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| and price. The internet offers easy
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| | inspect the vehicle. The solution? I
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| access to a vast selection of vehicles
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| | would ask a fellow member of the BMW
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| worldwide - online car portals,
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| | enthusiast community who lives in San
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| classifieds, conventional dealers with
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| | Diego to take a look at the car for me.
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| online presence and pure online-only
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| | There are plenty of BMW forum members
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| outfits, online used car brokers, to name
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| | that would be more than happy to offer
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| but a few. Since most of them are looking
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| | their time and expertise to a fellow east
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| for a specific vehicle, their chance of
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| | coast bimmerphile in need.
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| finding "the one" is far greater online
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| | Shipping
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| compared to the confines of their local
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| | There is a sea of car shipping companies
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| area.
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| | that would gladly bring our pioneers
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| Needless to say, virtually all of them
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| | their newly acquired vehicles home at a
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| are looking for a bargain. Our brave
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| | reasonable price. One example, Dependable
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| souls take risks, but these are
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| | Auto Shippers operate a fleet of
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| justified, at least in their eyes,
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| | state-of-the-art, satellite tracked
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| because of the savings they realize by
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| | vehicle shipping transporters, which
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| utilizing the online channel. How do they
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| | allow one to track one's car while it's
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| do it? They, too, are well-armed with the
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| | on its way much like one would track a
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| online tools they need to make
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| | package. Yet, a healthy number of this
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| intelligent buying decisions. Here is how
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| | new breed of used cars buyers opt for
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| these online tools help them through the
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| | driving their new purchase home on their
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| decision-making and buying steps of the
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| | own instead. It's cheaper, it's faster,
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| process.
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| | and admittedly, it's much more exciting.
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| Fair Market Value
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| | Sellers specializing in online sales of
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| Determining whether a particular car is a
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| | this kind have also adapted to
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| bargain is a function of understanding
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| | accommodate the demands of this new kind
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| its fair market value given its condition
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| | of used car buyer. Airport pickups for
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| in the context of the current supply and
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| | our weary yet eager buyers are more or
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| demand. For the non-economists, of
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| | less industry standard, these days.
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| course, there are a number of excellent
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| | Sellers specializing exclusively in
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| online market valuation sources
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| | online sales, providing a hot meal for
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| available. Kelley Blue Book, NADAGuides,
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| | their 'guests' at the family table before
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| are some of the most widely used car
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| | they depart on their voyage home, is not
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| pricing providers. They all base
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| | unheard of.
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| estimates on a large number of recorded
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| | Although buying a used car online sight
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| transactions and provide appraisal
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| | unseen is not for the faint of heart, it
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| adjustments for the year, make, model,
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| | is a growing phenomenon, which if
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| mileage, options, condition and even
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| | executed carefully, could be a very
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| local market trends. As their appraisal
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| | rewarding experience for all parties
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| algorithms differ slightly from each
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| | involved.
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| other, the estimates may vary, so
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