Car market research site TrueCar recently announced the launch of a new tool that promises to take the guesswork out of estimating the value of a used vehicle. ClearBook.com will not only allow drivers and dealers to get a clearer, less uncertain picture of the value of any given used car, but will also generate a snapshot of the state of the auto market by scouring millions of listings and extracting patterns from this volume of data.
With ClearBook, it may be possible for buyers to better navigate used car purchases. If the technology succeeds in delivering used car values with less error than previously-existing technologies, buyers and sellers may be able to ensure that they're getting a good deal with greater ease.
Drivers who are in the market for a new car may want to use a car loan calculator to determine what kind of payments they can afford, and then apply for an online car loan so that they can walk into a negotiation from the strong bargaining position of an all-cash buyer.