"My car is worth $ 25,800." "I looked up the price of a used car online, and my car is worth 20 grands." I hear quotes like this every day. .. I know ... 80% of car buyers use the internet to research car and used car prices. The internet is perfect for vehicle research! When it comes to car prices, the internet is the worst! It's terrible because the price doesn't reflect the reality of either the buyer or the seller. Car-related websites have caused more confusion than ever: "My car is worth $ 25,800." "I searched the internet for used car prices, and my car is 20 Grand. It's worth it. "I hear quotations like this every day. We hope that our values are genuine for our customers. By “real” I mean a viable number according to market value.As hard as it is to accept, even for me as a dealer, what we think a car is worth, and what it’s actually worth according to “market value” is often drastically different.To find a vehicle’s v...
Most people have heard of Formula One racing , with its pointy-nosed, open-wheeled race cars. There's also a Formula Two and Formula Three series with similar cars but different rules and regulations. And now, there's Formula E -- with the same pointy nose, the same open-wheel design and a completely different power source. The "E" is obviously for "electric," and these all-electric cars will be tearing up the street tracks beginning in 2014. According to Formula E, however, the "E" also stands for "exciting, efficiency, environment, and last but not least, a new era." It can also, they say, stand for "entertainment." I think we, the fans, will be the judge of that, thank you very much. We need to start with just a teensy bit of history to bring everyone up to speed: In 2008, French designer Frederic Vasseur and his company Formulec unveiled the first electric Formula-style race car. Formula E Holdings th...