How to value a car you plan to sell – You must be truthful and objective in your assessment of the vehicle’s condition. Consider things from the standpoint of a potential buyer. Examine the vehicle and give it an honest assessment, determining whether it is clean, average, or a little rough. None of these things are inherently negative. Selling an automobile that isn’t flawless is really easier than selling one that is.
However, if you want to sell your automobile quickly, you should price it competitively, either at or below market value. So, once again, look at it critically and from the standpoint of a potential buyer.
There are various methods for determining the worth of your vehicle. A good place to start is with an internet valuation service like Kelly blue book, CAP, or Glasses guide. These calculators are accurate and can help you determine the worth of your vehicle. You should also check out local classified websites, Facebook selling groups, and used car dealerships.
Things that can increase a car’s value
1. Desirable colors
Some colors are more desirable than others, typically grey, black, blue, and silver. So can often fetch a premium.
2. Optional extras
Optional accessories can offer value in certain cases, but not all. This usually only applies to extremely expensive and unusual options. The addition of an optional radio upgrade does not automatically increase the car’s value. However, it may make it easier to sell.
3. Full-service history (FSH)
Really good service history can enhance a car’s value, especially if it’s had lots of recent work carried out.
4. No damage
A well-maintained car is one thing, but a car that is genuinely immaculate is quite another. When a car is in excellent condition, it always increases value.
5. Well below average mileage
Low mileage is frequently cited as a factor in increasing the value of a vehicle. But, in the same way that most optional additions don’t add value, most optional extras don’t contribute value. Unless the car has extremely low mileage, it is usually easier to sell.
Things that can Decrease a Cars Value
1. Higher mileage cars
Higher than average mileage even with FSH will decrease a car’s value.
2. Gaps in the service history
Skipping services can have short-term financial benefits, but can drastically devalue a car long-term.
3. Aftermarket add-ons and modifications
The used market in general hates modified cars.
Dog or smoke smells can have a massive effect on values.
A car’s value might be significantly reduced by scuffed wheels and bumper corners. Larger bodywork problems can be quite costly to repair.
Tips for selling cars on Facebook
- Rules. In Facebook buying and selling groups, always read the rules. These can be stringent, and page administrators may be unduly rigorous in implementing them. It’s possible that you’ll get banned.
- Description. Always give a complete and accurate description of the vehicle. This will save time and money for both you and the possible buyer.
- Haggling. Leave a little haggling room in the price. Everyone wants to feel like they got a good deal, even if they haven’t.
- Groups. Search and join as many local selling groups as possible. It really is a chase of the more the merrier when it comes to selling groups.
- Payment. Only accept payment via bank transfer or cash. Never accept any other form of payment.
- Valeting. If you are looking to get top value for your car always make sure it’s clean before a viewing, this will do the majority of the selling for you.
- Keys. Never leave the buyer alone with the car keys.
- Insurance. Don’t assume someone has insurance always insist on seeing proof before allowing a test drive.
- Paperwork. Always have the V5C and service history ready before a test drive.
- Buying cars. You can also use Facebook as a source for buying cars to flip.
- Safety. Always meet at your home or place of work. Never take the car to a potential buyer’s home.
- Profile check. Always take a look at a potential buyer’s profile. If you see anything you don’t like make excuses and look for a new buyer.
Related: How to sell cars on Facebook
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