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How much value is added to a vehicle if it is a one owner?
I am looking to buy a used vehicle, and I've read that a one owner can have a higher value. What would be a reasonable range of how much value this would add to a vehicle?
Amy, we've negotiated literally hundreds of deals, always taking into account the number of owners. Here's our thinking:
1) As a disclaimer: not all owners are created equally. One bad owner is much worse than two good ones.
2) # of owners per year is more meaningful than # of owners. In other words, 3 owners is reasonable on a 2000 model.
3) Dealers do not use # of owners yet in pricing their vehicles. It hasn't affected the prices we've been able to negotiate.
4) To assess the damage past owners have done, you really need an inspection.
I hope these points help. Ultimately, it shouldn't cost you any more. How much more you should value it really depends on the owners and age of the car.
The Value Added Tax: A Hidden New Tax to Finance Much Bigger Government