The FIPE table (Fundação Instituto de Pesquisas Econômicas) is one of the most important instruments in the Brazilian automobile market.
The table is a reference in determining the average value of used vehicles, being used by both buyers and sellers. In this article, we are going to explore the importance of the FIPE table
The Importance of the FIPE Table
The FIPE table plays a fundamental role in the purchase and sale of used vehicles, providing a reliable reference for establishing the fair value of a car.
It is widely used by buyers to assess whether a vehicle's asking price is in line with its market value, helping to avoid losing trades.
Likewise, sellers can rely on the FIPE table to price their vehicles fairly, which increases the chances of a successful sale.
The FIPE table is updated monthly, taking into account several factors such as make, model, year of manufacture, options and condition of the vehicle. It provides a solid foundation for transactions in the used car market, helping to ensure a more transparent and balanced negotiation for both parties.
The FIPE table plays an essential role in the used vehicle market in Brazil.
Buyers and sellers use this trusted benchmark to determine the fair value of a car, avoiding disadvantageous negotiations.
Learn how to search the value of a car in the FIPE Table
To search the value of a car in the FIPE table, it is necessary to follow a few simple steps. FIPE provides a free online platform that allows users to make queries quickly and easily. Here's how to perform this search:
- Access the FIPE website: Open your internet browser and type “FIPE Table” in the search bar. FIPE's official website should appear in the search results. Click on the link to access the page.
- Select the vehicle query: When entering the FIPE website, you will find a page with several query options. Select the “Vehicles” option to search for information about cars, motorcycles or trucks.
- Enter vehicle data: On the vehicle query page, you will be asked to fill in some fields with information about the car you want to search for. Enter the make, model and year of manufacture of the vehicle correctly.
- Choose the type of fuel: After informing the basic data of the vehicle, you will be directed to a new page where you must select the type of fuel used (gasoline, alcohol, diesel, flex fuel etc.).
- Select the specific model: Depending on the year of manufacture and the brand chosen, there may be different versions or models of the vehicle. In this case, select the option corresponding to the specific car model.
- Check vehicle details: When selecting the specific model, a new page will be displayed with more information about the vehicle, such as options, engine power, among others. Check that all information is correct.
- View the value in the FIPE table: After checking the vehicle details, scroll down the page until you find the FIPE table. In it, the average values of the vehicle for sale, purchase and exchange will be displayed. These values are updated monthly, taking into account market data.
It is important to point out that the FIPE table provides an average price reference for used vehicles. It does not take into account the individual particularities of each car, such as condition, mileage or maintenance history.
Therefore, it is essential to consider these factors when negotiating the purchase or sale of a vehicle.
Furthermore, the FIPE table can be used as a basis for negotiations, but it is not an absolute rule. The automobile market is influenced by several factors, such as supply and demand, economic state and regional conditions.
Therefore, it is always recommended to do a more in-depth research, comparing the prices practiced in the local market and considering all the characteristics of the vehicle in question.
The FIPE table is an indispensable tool for anyone wishing to buy or sell a used vehicle. Through it, it is possible to obtain a reliable reference on the average market value of the car.
By following the steps mentioned above, it is possible to quickly and accurately search the value of a vehicle in the FIPE table. However, it is important to remember that the FIPE table provides an average price and other factors must be considered in the negotiation, such as the condition and history of the vehicle.
use the Fipe table as a complementary tool and do more extensive research to ensure a fair and secure transaction.