arrow21 Comments
  1. Myke
    Jul 12 - 10:00 pm

    This story just made my day.

    Thanks for this.

    Myke

  2. [...] This post was mentioned on Twitter by Jonathan Chevreau. Jonathan Chevreau said: RT @CCapitalist New Blog Post: Useful Used Car Pricing Resources http://bit.ly/9pUrZQ [...]

  3. Michael James
    Jul 13 - 10:09 am

    Cute. Kids say the darndest things. I’d recommend taking a trip to the library to check the Lemon-Aid guides for the model and year you are considering. This can be a real eye-opener.

    • Canadian Capitalist
      Jul 13 - 12:36 pm

      @Michael: My mechanic is my lemon guide :) All I have to do is to give him a make and a model and he tells me if the car is worth considering.

  4. Michael James
    Jul 13 - 12:45 pm

    I trust my mechanic as well. However, I find he tends to give relative judgements among the makes of cars he sees regularly. So, he will be positive about a middling car because it is so much better than the lemons he see regularly. That’s why I look at the lemon-aid guides as well.

  5. Invest It Wisely
    Jul 13 - 12:51 pm

    I suppose you can tell your son that you can go around like Fred and Barney for four dollars :P

    Those are good resources; I wasn’t aware of all of them. Thanks for sharing…

  6. ss
    Jul 13 - 6:09 pm

    Excellent link! thanks!

  7. Million Dollar Journey
    Jul 13 - 9:18 pm

    Any thoughts on the make? Will you be sticking with Honda?

  8. Canadian Capitalist
    Jul 13 - 10:40 pm

    @MDJ: I purchased a 2004 Honda Accord. The conversation with my son at the top of the piece happened after I brought the car home.

  9. Lewin
    Jul 14 - 5:47 pm

    I just bought-out a 2007 Toyota Yaris that I had been leasing. My buy-out price was within $5 of the wholesale value calculated by that VMR site. That’s pretty darn accurate.

  10. Gaby A.
    Jul 14 - 8:38 pm

    Isn’t Bill Miller considered a type of value investor, similr to Warre Buffett? I’ve always been led to believe that value investing was generally the more superior, at least historically. If so, isn’t it possible, Mr. Miller has just hit a.rough patch, similar to Berkshire Hathaway during the recent market slump.

    Gaby

    • Canadian Capitalist
      Jul 15 - 6:30 pm

      @Gaby A.: Yes, Bill Miller is a value investor. But just because someone calls himself a value investor doesn’t make his investing strategy superior. It all comes down to stock picking skills because defensive investors can invest in the value portion of an index if they wish to.

      I was one of those who thought that Bill Miller possesed genuine skill. But now I’m not so sure. I wonder if Bill Miller’s track record could be due to luck. Looks like investors in the Legg Mason Value Trust are wondering the same thing as they are dumping the fund en masse. It is still possible that Bill Miller has just struck a really bad patch but investors don’t seem to want to stick around to find out if he can still work his magic.

      I can’t think of Buffett hitting a similar bad patch. Yes, he has trailed the index badly at times but I can’t think of a time when Berkshire lost 50% of its value. That’s a huge hole to dig out of.

  11. Gaby A.
    Jul 16 - 1:05 am

    Just realized I posted the question on the wrong article…that’s what you get for using a phone to browse. Sorry. :-)

  12. [...] Canadian Capitalist went back to basics and pointed out some Useful Used Car Pricing Resources, which can help when going out to blow big money on a new set of [...]

  13. Financial Ramblings
    Jul 16 - 5:00 am

    [...] think that negotiation is a skill, but this guide can help us not to overdo it. 10. Here are Useful Used Car Pricing Resources from the Money Sense blog. Useful is an understatement. I’d have to say this is an awesome [...]

  14. [...] Canadian Capitalist put together some useful used car pricing resources. [...]

  15. Sam
    Jul 17 - 9:55 pm

    Kids can be brutally honest. They always provide a “different” point of view if I may call it. :) I wish there truly was a car worth $4 though. LOL.

  16. WealthWorm
    Jul 18 - 7:13 pm

    I used to use vmrcanada.com and I think it is useful for cars under $7000 but any higher than that the prices seemed to be skewed. The black book is close in price for lower priced cars but not as close for the higher priced ones. Just my experience with it.

  17. RFB
    Jul 22 - 4:24 am

    The best way to guage the market value of a used car is the Canadian Black Book which is the same book car dealers use to value your trade-in. I am a CAA member in manitoba and I can access the book on-line on their (CAA’s) website.

  18. [...] Canadian Capitalist: Useful Used Car Pricing Resources [...]

  19. [...] Useful Used Car Pricing Resources is brought to you by Canadian Capitalist — Helping you to invest & prosper. [...]

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