How To Get The Best Resale Deal For Your Car

Finding the current value of your car is a smart move, especially when you want to sell or replace it. According to a recent UK study, several factors, including mileage, service and accident history, previous owners, engine condition, and car age, can affect the value of used vehicles. Therefore, it’s essential to have the right information to help you determine the best resale value for your car. To ensure you are getting a reasonable resale amount when selling, below are six helpful steps.

Assess your car’s depreciation 

Figuring out your car’s value requires more than just a glance at the odometer. Cars depreciate or appreciate for many reasons, with some particular vehicles increasing in worth as time goes on. This is mostly common with high-end brands and popular models. Newer motors can also lose value faster, but if they’re still under warranty, they could be worth more. It’s all about understanding the kind of vehicle you have. Also, you must keep your car in good condition, as any bumps and scrapes it’s had could reduce its worth. And this leads to the next point. 

Keep the interior and exterior in good condition 

Your car’s appearance is crucial when it comes to valuation. That’s why many auto adverts display the car’s interior and exterior, as the look and feel can help close a sale. Such elements include windows, leather seats, and the finish, among others. These little highlights make a significant difference. A car in good condition needs minimal convincing, while a dented, scratched-up one will likely not fetch much. Fortunately, there are a few things you can do to your interior and exterior to ensure you sell quicker and get more from the sale. That includes regular maintenance and proper car storage.

Car personalisation 

Fancy spoilers and neon lights may give your car an extra touch but could negatively impact your asking price. While some modifications might be trendy for your car’s make, buyers often worry about the insurance hassles. Most companies frown upon excessive modifications, making it harder to get covered. However, little changes like a private number plate are fine and can even help your vehicle’s value appreciate over time. So, if you have a custom number plate, you can search for relevant topics like value my number plate online to determine its current value. 

Factor in the car’s seller

Believe it or not, the one selling the car can also make a huge difference in the vehicle’s value. For instance, a vehicle from an unknown individual may not attract the same price as one from a trusted dealership. That is because research reveals that most private sellers don’t usually follow the same rules as professional dealers. Due to this, there’s a chance of surprises lurking under the bonnet. People buying want peace of mind, and a dealership purchase usually offers that. So, if you bought from a reputable dealer, it’s best to add it to your marketing message to help increase the resale value compared to buying from someone from down the street. Remember, trust is key, and a dealership pedigree adds a shine to your asking price. 

Check out similar listings 

Sometimes, it may seem more convenient to guess your vehicle’s worth. However, checking the value of similar cars online can help you get a more accurate figure. Before doing so, ensure that it’s the same model, year, and so on. There are car-selling sites, classifieds, and even helpful platforms like Facebook marketplace you can explore. Checking out similar listings on such platforms will give you a ballpark figure of what buyers might be willing to pay for your car. However, keep in mind that asking prices aren’t always gospel, so it’s best to use them as a guide and not the final figure.

Get a professional appraisal

Getting a professional appraisal is a straightforward way to find your car’s value. You may head to your local dealership or speak to an independent automotive appraiser who’ll give your vehicle a good once-over. They’ll not only look at the usual suspects like mileage and year but also look under the hood, check the interiors, and see what similar motors are going for in your area. Using an independent appraiser might set you back a bit, but you’ll get a spot-on valuation.

Knowing your car’s resale value is very crucial, as you wouldn’t want to trade it for anything less than its true value. After all, how much you get from selling the car may cover some part of the new car’s costs. If not, the car isn’t worth selling. Regardless, you’ll find the above tips useful for determining your car’s value. 

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