The KDE plot of depreciation for dealer sales has a kink to the left of the peak. Let us break up the dataset into the two different types of sellers and take a look at the descriptive statistics:ĭepreciation Histograms for Direct Owner Sales vs Dealer Sales We generalise the group of ‘non-direct owners’ to be car dealers, since other non-direct owner ads such as consignment and auction ads are relatively uncommon. The car portal labels ads sold by direct owners as ‘Direct Owner Sale’. Direct owners are less likely to tamper with the vehicle and are more amenable to price negotiations, but have tighter schedules and do not offer ancillary services such as private financing options. tampering with a vehicle’s odometer to show a lower mileage reading. Dealers typically offer in-house financing options and offer a short-term warranty, but some dealers are known to conceal defects and signs of wear-and-tear e.g. Question 1: To Buy from a Direct Owner or a Dealer?Ĭar buyers are usually hit with a dilemma of choosing between a dealer and a direct owner. The various segments occupy approximately the correct regions on the Depreciation axis. Scatterplot of Days to Sell against Depreciation Coloured by Vehicle Segment (Excl. The following query was run to extract the make from the make_model column and fill up the make column:
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