Below we have listed a few ways in which to calculate how much you can expect to receive for your car when selling on the open market:
So what’s it worth
You want to sell your vehicle, so setting the price is very important. You don’t want to set it too high and put potential buyers off, and, you don’t want to set it too low and feel like you gave it away. A little bit of research will allow you to gauge the current market value.
There are plenty of price guides available and many can be bought in newsagents. However, the most comprehensive source of used prices is the Auto Trader web site – and it’s completely free of charge, too! But remember they are only a guide.
You’ll be offered several prices for differing conditions of vehicle, with registration letters and model years being listed. A suggested mileage is also given. However, there are many more variables over and above those covered by price guides, meaning ‘exact book price’ sales are rare.
Consider any options your vehicle has; is it a rare model, or one in particular demand? Is the colour is a desirable one? Are there any other factors that could affect your price e.g. low mileage, a sought-after special edition or a particularly generous specification.
Browsing Auto Trader will usually help you set the price of your vehicle. Look for models similar to yours, and see what the ‘going rate’ is; you can then price your vehicle accordingly. This works especially well for popular models, because there’s so much choice. It’s also a good trick for limited edition, rare or older models, as they may not actually be listed in price guides.
Some owners clubs offer valuation services. Bear in mind you may have to pay – or join the club – but this will probably be more accurate than other methods, because of the breadth of knowledge available. Enthusiasts often know your vehicle better than you do, and can account for any extras, as well as the overall condition and mileage.
Visit dealers to get an idea of your vehicle’s trade-in value; anything you get over and above that will be a profit. Don’t, however, look at dealer forecourt stock and expect to get similar prices for your vehicle; you’re not offering a warranty or any guarantees, and therefore should charge a lot less. Some manufacturer web-sites also offer on-line trade price valuations, and can be another source of guidance for trade-in values.
Another option of course is to contact a company like ours. We buy any car less than 10 years old in any state of repair and even buy vehicles much older depending on the condition so be sure to get in touch should you have any questions or are interested in a quote.
The above tips along with the rest of the article can be found at http://www.autotrader.ie/selling-your-vehicle
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