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The FIPE Table was created in 1973 by the Economic Research Institute Foundation, to assist the Faculty of Economics, Administration and Accounting at the University of São Paulo, being the main reference in the used and semi-new car market. Today, the index is used as a basis for contracts and insurance in car trades.
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FIPE is the body that provides services to the government and private companies, having the Average Vehicle Price, also known as the FIPE Table. However, the methodology of the table still generates many controversies.
In practice, the FIPE Table is based on the collection of prices for used cars, motorcycles and other vehicles in the domestic market. From the values, prices that are too high, low or with statistical discrepancy are discarded. Therefore, the remaining number creates an average, which is the value that will count for a vehicle in the FIPE CARS table.
How does the FIPE Table work?
Basically, the FIPE Table is updated monthly, and each survey can be modified with the version, engine and model year of the vehicle in question. The motorcycles belong to the FIPE Motos table. Therefore, knowing applications to consult the FIPE Table is essential to evaluate prices.
Currently, the table continues to be the main reference for shopkeepers, traders and vehicle salespeople. On the other hand, it also serves as a basis for calculating insurance and taxes, such as IPVA. However, many people do not consider the FIPE table when negotiating a used vehicle.
This is because FIPE explains that the table is a reference, which receives correction factors for more or less, according to the condition of the vehicles and other specific differences. Thus, in some situations, a vehicle can be more valued in one region than in another, making it more expensive.
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Therefore, it is common to find advertisements with values different from those indicated by the FIPE Table for that model. This is because the owner can charge the amount he thinks is fairer for that vehicle, they can ask for a higher price for a rare vehicle, with very low mileage, for example.
Check out the best apps to consult the FIPE Table
When buying a used or semi-new car, it is essential to check the FIPE index. In this sense, some tools can help you in this mission. Therefore, check out some applications to consult the FIPE Table.
1 – iCarros
iCarros compares different car models, putting all the information in a table. In addition, the classifieds portal also allows you to search for closer offers, through geolocation resources.
In the app, we can also compare the performance of zero kilometer models, in addition to checking out a financing simulator. So, of course, we can also check the FIPE Table. Today, iCarros ads display complete information such as price, mileage and photos of the vehicle.
iCarros is available for android and iOS.
2 – Webmotors
Webmotors lets you save ads to a bookmark page. Thus, he compares the prices of the advertised cars with those on the FIPE table, in addition to immediately contacting the advertisers. In addition, it is possible to configure alerts for user preference offers, that is, you will receive a notification when an ad interests you.
In the app, the search for ads is done by brand, year, price or mileage. Vehicle information includes a comparison with the FIPE Table, in addition to having contact data and information about exchanges, for example.
Webmotors is available for android and iOS.
3 – Instacarro
Instacarro allows you to track bids given by vehicles in various auctions. In the app, we have a quick but rigorous assessment to check the condition of the vehicle before selling it at an auction or through hundreds of dealerships in the country.
Therefore, Instacarro promises the process in just one hour, including payment. Today, it has a comparison with the FIPES Table. In addition, when the customer accepts the bid offered, it is necessary to go to a notary to transfer the car and, later, to go to the startup's office to receive the money.
Instacarro is available for android and iOS.
4 – Car4sale
One of the applications to consult the FIPE Table, Car4sale allows sellers to follow the bids given by their vehicle while buyers make their proposals. In the app, sellers can also check values of similar cars negotiated in the last auctions before putting their vehicle up for sale.
The app sets the initial value of the auctions. To start receiving offers from buyers across the country, sellers just need to enter general vehicle data on the platform. Later, it is also possible to check the FIPE Table for a comparison.
Before delivery, the vehicle undergoes an inspection to analyze all the items described by the seller. Today, the app has partnerships with dispatchers and agreements with carriers to deliver the vehicle.
Car4sale is available for android and iOS.
5 – Consulta FIPE
Undoubtedly one of the best applications to consult the FIPE Table, it allows you to consult the FIPE index, to consult the sale prices of each model practiced in the market. In the app, we can search by brand, model, year and version. In addition, Consulta FIPE allows offline queries. Therefore, it is the best option for consulting the FIPE index.
The app is available for android.
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