Planning to sell your car? Here’s how to value it.

Are you planning to sell your car?

The process of selling a car can seem daunting. Whether you bought your car a few months ago or have owned it for as long as you remember, you’ve to put in a lot of effort when you sell it. The reason for this is simple; the automotive industry is fierce. Not only is it challenging to find a car that fits your needs and purchase it at an affordable price but it is also tricky to market it according to its real value when you decide to put it up for sale. Fortunately, it is not an impossible feat. The process of trading or selling your car can make you anxious especially if you don’t know what you have to do. However, with proper research, planning, and execution, you can successfully sell your car for what it’s actually worth. You don’t have to rely on the retailer or a private party to give you the price you think the vehicle deserves because you’ll know exactly what it should cost. So, if you’re planning to sell your car but are on crossroads about its price, here’s a brief look at some of the steps you can follow to value the vehicle correctly.

Look for professional car valuations 

One of the best ways to know your car’s worth is to check it using online tools such as the one provided by we buy any car. Checking your vehicle using this software will help you get a reliable estimate of its value, and you can be sure that you’re getting the information from an expert. Instead of searching for a car expert in your area, you can just enter your car’s registration number, answer a few questions, and voila, you’ll be presented with the rate it should be sold for. However, before you head to the website, remember that you’ll need data about your vehicle’s make, model, mileage, and other such crucial details. Because these independent valuations are exact, you have to make sure that you answer every question as accurately as possible. Also, bear in mind that your final report will show both the retail and wholesale price of the car so you can decide whether to sell to a dealer or a private party.

Survey the market

Before stepping out of the house to take pictures of the car, you have to ensure that you survey the market for your car’s value. Depending on the type, make, and model of your vehicle, it will either be in high demand or not desirable at all. For instance, while sedans and SUVs are usually considered boring, they’re always needed because people look for comfortable rides at affordable rates. On the other hand, while you may think that your convertible will get you the highest possible price, it may not be the right season to sell it. Moreover, surveying the market might not always translate into the value of the vehicle you own, considering the technology it’s fitted with. For example, if your car has GPS and a mapping system, you can hope for an increased rate because these are things that people are looking for in their transport.

Check out classifieds

Another great way to find the actual value for your car is to go through online and paper classifieds. Surveying ads such as those that are featured on Craigslist, Yahoo!, and your local newspaper will give you a good idea of your vehicle’s current market worth. You can check the prices and decide whether or not your asking price is within the right range. Even if you can’t find a car that matches your vehicle’s description perfectly, it will help you narrow down to a rough estimate. Checking out the classifieds will also give you a reality check because instead of relying on wishful thinking, you can trust the word of people who’ve done their research before putting up an ad. Now that you know how you can effectively value your car, it is crucial that you also make sure that it has the highest chances of getting you a reasonable price. To do that, you have to take a couple of steps to make sure the car is appropriately marketed.

What can you do to increase your car’s worth?

Get it cleaned inside-out Nobody wants to buy a dirty car – period! You need to make sure that you don’t just clean your vehicle carefully but also get a detailed checkup so experts can remove any light scratches, buff the body, and get rid of any imperfections in the paint. Bear in mind that people are always looking for well-maintained cars. Taking your time to fix visual errors can help you increase its price by up to £500.

Repair any obvious flaws Though the buyer knows that he’s purchasing a used car, it is vital that you repair any defects that are immediately apparent. Go to a professional car inspector and ask them what sort of repairs your vehicle needs and how much it would cost. Though it doesn’t make sense to spend thousands of dollars on something you’re going to sell, you should fix anything that may have an impact on the perceived value of your car.

Take great pictures It is imperative that you put up great photos if you’re selling the car through a website like Craigslist or Auto Trader.

Learn how to take great photographs of the vehicle you want to sell, and its chances of getting traded for a higher price will increase. Remember that just taking pictures of how the car looks from the outside and snapping a few shots of the interior won’t cut it when you want the viewer to judge its value. So, use online resources and only put up a car for sale when you have the right photographs. Valuing your car is essential when you want to sell it for the price it is worth. Following the steps mentioned here will help you find out exactly how you should rate your vehicle for a retailer or an individual buyer.

 

Author Bio: About Michelle Joe: Michelle Joe is a blogger by choice. She loves to discover the world around her. She likes to share her discoveries, experiences, and express herself through her blogs. You can find her on twitter: @michellejoe524