So i found a 2017 chevy truck that some one purchased and returned right away because they figured out they couldnt afford it. It now has a little over 180 miles on it and now will show as a second owner for who ever purchases it. Shouldnt that drop the price at the dealership? Ive always understood that once a vehicle leaves the dealership for the first time the value drops.

Yes its been sold before and has a title history. Do not pay full new price retail, It may have even been wrecked or damaged in some way and never reported. At best whole sale if more than fair, after you have your own mechanic check out the undercarriage and all possible places for damage to still exist after a collision, Also have a independent person do a VIN check with the three main companies doing this not just carfax and and check title history & insurance check for damage.

The rule of thumb is that a third of the value drops once it drives off the lot. Make a low offer, and walk away. That walk away power will get them negotiating with you.

The best place to start is the national database from the National Insurance Crime Bureau. This database will tell you if a vehicle has been marked as salvage or stolen and allow you to eliminate it from your list before you spend money on any of the more detailed reports. If the VIN clears the NICB check, the next step is to run it through an NMVITS provider. Luckily, there is also an option there through VehicleHistory.com which will tell you if the vehicle has been through a salvage auction along with some additional registration and sales data. Then on to the 3 other checks Like Carfax and 2 others as some of these Carfax style checks may not be fully updated or miss problems.