Saturday, August 21, 2010

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?How much value is added to a vehicle if it is a one owner?
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.How much value is added to a vehicle if it is a one owner?
I agree with everyone. I don't think it adds to the value of the car. A one owner car may be better maintained then a 5 owner car as the one owner may have taken better care of it so that it would last. A car with multiple owners probably was neglected by one of those owners.
None, really. Only might apply if you are buying a classic car or a collectible car. For modern cars, it means nothing.





It is worth paying a little more for a car in great condition, but ';one owner'; cars can be trashed just as easily as several owner cars.





Market price is market price. The market does not care who owned a certain car.
Depends usually on the age of the vehicle, but it is usually a dealer scam to get you to pay more for nothing.
$0 as far as I'm concerned.





1 owner or 5, as long as the car is in good condition, who cares.
Depends on how it was maintained.





Little to a lot. But, mostly because of CONDITION, not one-owner status.

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