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How to find the true value of my car?

By: Shafiq Ezati, On: November 2, 2016, Categories: sell a car, Comments: no responses

When planning to sell a car, figuring out its true worth isn’t an easy task, particularly if you are not a savvy sales person. This means you are doing so for the first time, then you may have to be very careful while deciding the list price of your car. As it all depends on how much you can get someone to pay for it. For this you will have to go through several buyers.

Furthermore, even if you are not selling your car, there are multiple reasons that can make you to explore its true price. For instance, if you are using your vehicle as collateral for a personal loan, you may need to know its real worth. And again, if your vehicle has suffered from some accident more than knowing its pre-damaged worth can help you to claim most money for it. Get the online car valuation in Brisbane today.


Also, check out our guide, which might help you to find out the true value of your vehicle accurately.

Explore the Sale Price for similar vehicles

If your vehicle is not too rare or say classic, you can most possibly find someone in your area selling a model same as your automobile.  Find out used vehicle advertisements for similar make and model as yours and see how much they are asking for it. Either way you can also go to a reputable free car valuation online website like Redbook. This will be also of a big help to you.

Again, if you are facing an insurance write-off claim, proving the value of your car is the best way to deal with it. In such a situation, finding the listings of similar automobiles can be of great help to you. Actually, when you lost your vehicle, insurance companies are supposed to pay you an amount equal to its actual cash value. But, in order to save money, insurance companies will make a deliberately lower estimate for it. At this point, you can show used auto listings of similar automobiles to insurance companies in order to prove its worth. Selling an abandoned car with no papers? Used Car Guys can help you with that.

In addition to this, if you are personally selling your wheels, then used auto advertisements will help you to understand the customer demands. Suppose the price of your automobile is $11,000, but if you put a sticker price of $ 10,500 for it, then you may have better chances to attract customers.

Lastly, when doing your search, don’t just specifically look for identical makes or models. Instead, look for similar ones too. Finding out its exact model and year of manufacture is equally important. However, often purchasers are not quite fussy when choosing cars, specifically if the deal can save them a couple of dollars.

Consider the Condition, Mileage and Add-ons

When it comes to determining the worth of a vehicle, mileage is an important factor to consider. Different cars have different mileage as some of them last longer than others. An automobile that has travelled 150,000 miles won’t last longer than one with 50,000 miles. Again, make sure to check the sale price of automobile with similar mileage.

Other than this, Ostentatious accessories like convertible tops or cabriolet, audio system, sun roofs and all other extras should be added in the total value of your vehicle. However, if the identical automobile doesn’t have any such extras, it doesn’t mean that you will price your automobile low. The same goes with the condition of your wheels. Each vehicle has something different to offer than the other. 

Negotiate the Price of your Car

If you have gone through and followed the above sections, you are ready to decide the asking price of your wheels. You can use the details that you have inferred about your vehicle as the baseline to determine how much it deserves. Bear in mind not to accept a price lower than what you can actually get. You should get the best possible price for it.

Therefore, highlight to the buyers about the great condition and all the extras of your wheels. If they are looking for some specific comfort that your automobile can absolutely offer, point out that too.

When it comes to getting insurance claims, highlight the terms in which your automobile is better than others out there in the market. And, even if your wheels don’t run, you can still get some value for them as it can be sold for parts or scrap metal.

In conclusion, once you have gone through all of the above and know what price your automobile deserves. You will easily get the best and true value for it.


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