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How To Estimate The Market Value For New Cars With This VIN API

Working for a car dealership can be pretty hard. Estimating the market value of a car involves knowledge of multiple factors from an enormous industry. Some reports estimate there are more than 1.446 billion cars riding across the world as of 2022. Only in the United States do they say there is a vehicle for each person. Hence, the difficulty of determining a price when someone tries to buy or sell one of them. 

How To Estimate The Market Value For New Cars With This VIN API

Apart from taxes, dealership commissions, and supply and demand, there are other terms that influence a car deal.. For example, the model and manufacturer company, the year of registration, the repairs it has, the insurance coverage, the number of previous owners, and the accidents it experienced. Sometimes the buyer can trust the dealer, but there might be occasions when they don’t. In that case, is there any method to prove or trace all of the car’s history?

The DNA of a car marks its price

Just as a DNA sequence can help you decode a person’s identity, the Vehicle Identification Number contains every vehicle’s characteristics. The VIN is a 17-character code of characters, with no spaces and without the letters Q, double L, and O. Law enforcement agencies use this code to check and identify stolen vehicles, and gatekeepers from many companies and buildings use it on their systems. 

How To Estimate The Market Value For New Cars With This VIN API

One would think that a license plate is enough to identify a car, but that ain’t so. The truth is that even motorcycles and All-Terrain Vehicles (ATVs) have another code printed on them. The buyer should also find this code on their components and important documents, since the last century. Most states have their own particular color scheme, emblem, and registration number format for license plates. That’s why VIN are most needed.

And although you should find the code in the windshield, the driver’s door jamb, or the engine, if there’s something to hide, you may not find it so simply.

How to come forward in every negotiation

There is a tool for you and your business to step ahead of every dealer when trying to set the market value of a car. Zyla Labs developed a software that provides additional information about every vehicle in the United States. The only input information you are going to need is the car’s license plate. With that in hand, it will give you the model, manufacturer, year, and more. 

How To Estimate The Market Value For New Cars With This VIN API
GET VIN from License Plate API

The software is an Application Programming Interface (API) called Get VIN from License Plate API. If you have never heard of APIs, they are mechanisms prepared to approach many kinds of issues and problems for businesses and individuals. Developers are used to these tools, but they are also really easy to learn, fast, efficient, and totally reliable. With this VIN API, you can research license plates from all 50 states in the USA. 

As expressed before, since 1981 every car has had a Vehicle Identification Number, so this API will retrieve every new car from that year on: cars, vans, motorcycles, recreational vehicles, trucks, etc. The process is very simple, and you will have provider support after registering in the Zyla Labs hub, where they will grant you a unique API key that grants access to the endpoint.

Published inAppsApps, technologyCategoryTechnology
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