Valuing a car is no simple task and one that can leave people in a world of confusion. Unless you’re a grease monkey or a motorhead by nature, it can be easy to get lost looking at mileage numbers, service history and other listings online among other things. That’s why the expert team at Done Deal is here to help. Check out this blog and you’ll soon be able to find the right price for your ride without breaking a sweat.
Mileage, or the distance that your vehicle has covered throughout its life, is a key factor to take into account when it comes to landing on an fair value. The reason for this is because it gives buyers an idea of how much a car has actually been driven. This is important as a car with lots of kilometers under its timing belt is likely to have more wear and tear compared to one that doesn’t. Usually, a car with lower mileage will be valued higher, and a car with higher mileage will be valued lower. Keep this in mind when valuing your car but remember that how much you’ve driven isn’t the be all and end all, and that there are other things to take into consideration.
- Service history
Anyone looking to purchase a pre-owned vehicle will want to view the service logbook to ensure that everything has been well maintained. Similar to mileage, a car that has been looked after by a qualified mechanic will usually be in better running condition than one that hasn’t. This will therefore make it a safer investment as any issues relating to the motor or individual parts will have received specialist attention. Having a thorough servicing history, in the form of signed documents, will increase the value of your vehicle and make it easier to sell at a higher price.
Jumping online and looking at what your particular model is selling for can be helpful in guiding your decision. It’s also easy to do. Simply browse for online car selling websites and filter based on the relevant make and year. Note what other people have listed their car for and use it as a base for your own. You can also search for a car valuing tool online that will do all the complicated work for you. Comparing what other people are doing can make a big difference when it comes to guiding your thinking. When in doubt, it never hurts to follow the lead of other sellers.
- Extra work
Don’t forget to take into consideration any extra work that you may have put into your car when it comes to choosing an appropriate price tag. What do we mean by this? Well, custom parts can significantly increase the value of your four wheels and help when it comes to haggling with buyers. In other words, modifications act as the proof that you need to ask for more money. Extra work can include things such as additional speakers, custom lights, wheel modifications and anything else that wasn’t part of your initial purchase. You can stay on top of this history by keeping all of the relevant paperwork in one secure place so it's easy to find and present come sale time.
- Overall condition
While it’s a given, the overall condition of your vehicle will help you to gauge an appropriate value. For instance, if your ride looks sloppy on the outside and is a mess on the inside, then it’s safe to assume your asking price might be on the lower end of the spectrum. On the other hand, if your car is in great condition and sparkling clean, then a higher value may be more appropriate. Improving the visual look of your ride is something that everyone can do. Whether it involves grabbing a bucket and applying some elbow grease, or heading to a drive through car wash, you can make a big difference to the look and overall value of your car by getting things in tip top shape.
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