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The reality, however, is very different — at least for sellers who are reputable. Long story short, we implemented a multi-threaded program that made about 15, 000 requests per minute. Where are the best deals on used cars in a specific state? Used Car Prices Are Dropping: LendingTree Tells How Not to Get Scammed on Craigslist. We believe that finding a good car for any individual can take a tremendous amount of research, and that it usually can take a span of a month to two, and that was one of the reasons we wanted to do our analysis on the total amount of cars being sold on Craigslist over a month. If a seller asks for a deposit or money upfront to reserve the car, pass.
It does appear that there are substantially less listings in the western United States which could suggest that rural areas have newer cars, but numbers are thinned on the east side as well so it's difficult to draw any valid conclusions. Our total investment at this point was around $1, 300, much lower than our original $2, 500 estimate. Used cars for sale on craigslist nj. Other variables such as vehicle size will also be taken into consideration as customers will also need to consider what vehicle size is more suitable for them. It should be noted that weather does not have a major effect on the condition of cars for sale, as cars with poor conditions are sold within the similar temperature range are cars in excellent condition. Then there's the fact that Craigslist is a business with typical overhead—employees, office space, servers—so in a lot of ways it's kind of remarkable that so much of its platform remains free to use with no external advertising. The data we have gathered so far seems very promising for exploration, however, we feel like it should be more grounded, literally. They take two numeric values, and in this example I'll use odometer (miles the car has been driven) and price given that it's a very practical combination when searching for a decent used car.
Or, they've made a quick bubble gum and duct tape fix that won't hold up for very long. Condition - String - Condition of vehicle. Finally, we find percentiles for the prices of cars within each group. Now I guess I can't delete Facebook, " reads one typical comment on Reddit, referring to Facebook Marketplace's rise as a Craigslist competitor.
If you are lucky (or unlucky) enough to have the highest bid, be prepared for the fees. Here we measure the mean/median price as the odometer declines for each category of vehicle condition. No, because both services specifically exclude vehicle sales from any of their protections. This seemed unfair since the auction house restricts public access to the yard, but we paid the fee since there was no other way to get the vehicle. We reset it and hooked up a jumper box. Since this inspection has to be performed at a DMV location, the car needs to be towed there before repairs commence. Used cars for sale on craigslist pictures and prices. Hawaii has the highest mean cost of vehicles with over $20, 000 and there are several factors that could suggest why vehicles are so costly in Hawaii. Aside from this there are some parts of the country where used car sales are few and far between and the prices are not so desirable. This is a gray area. I learned about the insurance auctions from a friend and quickly paid the $200 fee to join Insurance Auto Auctions (IAA) as a public buyer. We went in blind and now had to pay for the Explorer. State_name - String - 2 letter state abbreviation.
The few clear-title vehicles that come through are usually marked non-public unless they have a current emissions inspection. This graph shows the number of vehicles within a specific condition. Ferraris and other luxury vehicles are often expensive because they are often built with expensive and high-quality materials and are manufactured to tailor to individuals looking for a high quality vehicle. That would be my passion, but there's probably not enough margin in it because these vehicles are pretty cheap to begin with even when they don't have the scarlet lettered title. Carefully selecting the type of paint job is critical in making sure we can actually make money on some cars. I usually kept pictures from the auction as it helped to ensure the potential buyer that damage wasn't major before the repair. Cars on the East Coast also cost a faire amount less than those on the West Coast, with the coast of California boasting some pretty high prices. Especially if you're paying cash, then why would they need it? Used cars for sale on craigslist s cal. This scatter plots measures prices and odometers, while the shade of the dot represents its year. With some optimization, the data can be scraped lively from Craigslist and our other secondary sources, and then getting fed into our Flask app(this needs optimization too). Now that the car is legal to drive, I usually drive it around for a week or so to make sure it's free of mechanical issues. The thick gray bar in the center represents the interquartile range. The Explorer started right up. Does car colour affect item frequency/sales price?
City - String - Given Craigslist region. We were able to find another Explorer in the same color nearby and made a deal to purchase most of the front end parts for $500. 7 million cars would be what individuals looking to choose from in any given month, and our exploration is assuming that too. Average Price per Condition¶. If you think about it, this is an awesome tool provided by the American Government, and the fact that we were able to not only collect the relative data of 1, 700, 000 entries but also to do that in under 2 hours is even more impressive. Craigslist to Charge $5 to List a Car For Sale Starting April 15. It also gets towed back to the DMV in order to get its final inspection once repairs are complete. Price - Integer - Listing price. The thin gray line represents the 95% confidence interval. Those vehicles, since mechanical issues are much harder to diagnose during a walkaround, typically garner less interest from bidders, which results in fewer bids and lower prices. Condition Distribution¶. Price Distribution by Condition¶. If it looks like it was photographed in the Midwest, and the car is for sale in Florida, there is probably a problem.
Individuals looking for cheaper alternatives should look at vehicles with good to fair condition, as they will on average have to spend less than $10, 000 for a vehicle. The program loops through every listing on the search page then continues looping through the search pages (e. g. the next button at the bottom of search results) until there are no more results. Vehicles with a fair or salvaged condition are most likely severely depreciated, suggesting their low average pricing of less than $5000. However, I've developed a relationship with a local body shop over time and it paints some of our cars. Our dataset contains 1. This map displays the number of vehicles listed per county. Also, notice the environment around the car. My first foray into car sales was in flipping salvage cars.
Is price affected by manufacturer? Should you show the seller your driver's license? Insuring a salvage vehicle can be limiting in certain circumstances as some insurance companies will not insure the vehicle for anything more than liability. The prices of cars in states such as Idaho, North/South Dakota, and Wyoming, and rural parts of the midwest are far more expensive than those in the Eastern half of the nation. But still, a Ford in good condition isn't as descriptive as we'd like as it still applies to a plethora of vehicles. People who are less knowledgeable about vehicle specifications are more likely to explore these variables when buying a car. With the Explorer finally in my garage, I examined what could be repaired and what needed to be replaced. This map depicts car listings when they were manufactured between 1990 and 2005. My father and brother joined in my pursuit and we started the hunt for our first flip. The x axis (columns) will be grouped by a range of odometers determined by percentiles.
Overall these quantile tables are an excellent way to determine an asking price for a used car, they're easily automatable (as displayed in the Flask app) and also easy to build by hand. The graph above displays the frequency distributions for cars in the dataset of a certain condition. Our first vehicle was a 2001 Ford Explorer. Does the weather have an effect on price? Once you've found a location that allows public bidding, you can then only select vehicles marked for public sale at that auction. But there are scammers, oh, how there are scammers lurking about. The experience pushed us to buy more salvage cars and repair them. Transmission - String - Transmission of vehicle. What car year has the best condition?
However, we were able to secure the winning bid on the Explorer at $400. All in all, we were able to to get the geographical data we wanted for 1, 700, 000 entries, and not only to that for this huge amount of data, but to also do it within two hours, which seemed impossible when we started. This suggests that vehicles deemed "fair" on Craigslist are actually in quite poor condition and worth almost as much as a parts-only car. Those paint jobs are single stage and did not have the luster of a paint job with true clear coat — which is totally fine for sub-$2, 000 vehicles. This information is used to calculate the parts costs to repair the vehicle and formulate a maximum bid. But another way around it, according to LendingTree, is to ask to see their Driver's License as well. Cylinders - String - Number of cylinders. The next week or two is spent sourcing parts from local junkyards, parts websites and Craigslist. Not all variables were listed with every vehicle, so some rows contain blank values.
Finding Geographical Information¶. Persons will generally not want to post severely depreciated vehicles for sale, as they are low in value. We decides that this might be a long shot but we got the average historical temperature for October and November for each state and incorporated that in our dataset. 7-liter engine once we picked it up. We deployed a scraper which utilized python and requestsHTML to take every used car for sale from every North American Craigslist website. We can see a pretty obvious (and unsurprising) hierarchy of new, like new, excellent, good, fair, and salvage.