Wednesday, May 29, 2019

JustAutoValue Shows how Remaining Warranty makes big difference in Vehicle Prices

(Click on the image to enlarge)
Ceteris paribus, vehicle Warranty - even the remaining Powertrain - makes a significant difference in comparable prices. Let's compare the probable current prices of two identical 2014 Ford Explorer XLTs, in terms of features and add-on options. The only difference in this illustration is the actual mileage on the odometer: one with 66K miles while the other one with 58K. Since the Powertrain warranty back then used to cover 60 months or 60K miles, the former would be out of warranty today while the latter would still be covered.    

The 2014 Ford Explorer XLT without the Powertrain warranty would be priced at roughly $21K (orig. MSRP $34.9K+/-), while the other with the remaining Powertrain warranty would fetch about $24K, proving a difference of $3K in current value, resulting solely from the remaining warranty.

I used JustAutoValue.com to create these sample valuations as I own and operate it, to avoid any copyright issues. It takes less than 60 seconds to generate a "quick look" valuation. The site is mobile-friendly so no additional Apps are needed. Try out your own subject pre-owned Car, SUV or Pickup. It's totally FREE and NO login/registrations of any sort is required. Nearly 90 Major Brands are currently covered.

Just click on the Brand of your choice on our homepage and follow the prompt. If you need help, use 'TRY IT' from the homepage. Here is the link to JustAutoValue.com:

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