Six Useful Steps To Do Used Car Valuation
Used Car Valuation is a mandatory process that should be done before buying a used car.
chennai (I-Newswire) October 4, 2013 - It is delightful to buy a car, new or used, but it can be a traumatic experience to sell one. That is why most people trade their cars in by taking the path that is least resistant to avoid the trouble of selling it on their own. Hence it is very essential to know the true value of the car before entering into any negotiations on the price.
Used car valuation is based on the year, model, make, appearance and condition of the car. Though two cars may be identical in outward appearance and age, their price may vary in the second-hand market. Therefore, each car needs to be valued individually to find the exact price.
Used car comes with three values: The trade-in value which the dealer will pay for the car; the private party value which is negotiated between two individual buyers; and the retail value in which the dealer sells a used car to another prospective buyer.
Nevertheless, the most significant phase in this whole process is determining the condition of the car. First impression is the best impression. Any potential buyer will examine the exterior of the car first if it has dents, scratches, rust etc., and then look into the interiors. No one will give a fair price for a car, whatsoever - less run or excellent mileage, if the condition of the vehicle, its interiors and exteriors are bad.
Hence make sure to do the following:
• Water-wash the car to give a good outward appearance.
• Remove the blocked clutters and wax from the glove box.
• Keep the interiors dust-free. Replace the seat covers with new ones.
• Check the water and air filters and clean the battery.
• Request the car mechanic to inspect the vehicle. If the car requires any minor / major repairs, get it done without any delay.
Once have completed the above mentioned tasks, take a picture of the car and post it online. There are several online tools that help to evaluate the car. The Ultimate website is www.rightcar.com. This is a 100% free website which guides through the entire valuation process and gets a fair market value for the car. Buyer should assess the value of the car based on the current market value and not on the basis of purchase.
As soon as it is categorized and evaluated the car, add up to 10% to the value. Buyers now know what car is worth.
Online search will get a number of responses within a short span of time. In today's busy World, online trading is the best method in both buying and selling vehicles. Seller can campaign by using catchy phrases like attractive offer, extra mileage etc. to get good deals.
Be honest and interact with the buyers on how much would have spent on the car in the recent years and any negotiation will not be acceptable.
So, post the requirement and relax. Good luck!
How To Value Used Car
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Published On:October 4, 2013
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