When selling your automobile, it is always important to set the right price no matter who you are selling it to. Setting a fair and accurate price can attract customers, ensure that you do not undercharge and allows both the buyer and seller to walk away from the deal satisfied.
Influencing Factors
Previously, establishing a resale value was extremely challenging. In order to establish a price, you need to factor in aspects that include depreciation, condition, mileage, make, model, age and various other factors. Motorists used to come up with a resale value by browsing the classifieds or enquiring at dealerships, but these can be time-consuming, stressful and not provide you with an accurate figure that suits your specific car.
Obtaining Accurate Valuations
Fortunately, establishing an accurate resale price is now quick and easy. One fast way is to search for your particular make and model at online dealerships, but there is an even faster and more accurate way. When you wonder, “how much is my car worth?”, there are online valuation tools available from dealerships.. You simply input the registration number and a few details and these tools come back with an instant valuation. This factors in all the important aspects to reach a unique value that you can use as a guide.
Selling the Car
When selling the automobile, it is a wise move to inform and show potential buyers of how you have reached the exact figure. This shows that you have done your research, you are a trustworthy seller and that you are genuine and not attempting to overcharge. They may want to carry out their own valuation, but once they find that it is a close match to your own valuation, it can be a good base for negotiations to begin.
Flexibility
Although it is important to find an accurate valuation so that you can set a price, it is also important that you have some flexibility and are happy to negotiate. A valuation is a starting point and you may be able to negotiate higher or lower depending on various factors, so keep this in mind and be prepared to negotiate (particularly if you are selling privately) – there is advice for how to do this online.
Getting your car valued is a hugely important part of the selling process. You can find ways to improve the resale value, but a valuation will provide a good starting point and ensure that you do not overcharge or undercharge for the vehicle.
