Why Car Valuation Is Important When Selling Your Car
When you’re the buyer, you take pride in doing due diligence before buying a car. You want to make an informed choice. But when the tables turn and you’re the seller, you want to base the pricing on your current financial situation or how much you ‘feel’ the car is worth. You believe that whatever… View Article
When you’re the buyer, you take pride in doing due diligence before buying a car. You want to make an informed choice. But when the tables turn and you’re the seller, you want to base the pricing on your current financial situation or how much you ‘feel’ the car is worth. You believe that whatever price you’re quoting, there’s a buyer somewhere willing to pay for it. “Willing seller, willing buyer,” you shout.
Once you’ve decided to sell your car, getting the right valuation for it should be on top of your agenda. This is why:
1. Get the Best Deal
Knowing a fair value for your car is a good way to ensure you’re getting the best deal from interested buyers. As a seller, you want to get the most money you can out of your car. For buyers, it’s the opposite. They want your car for as low as they can go. If you have no idea what the fair value of your car is, one of you will end up feeling shortchanged.
In most cases, it’s the seller who gets shortchanged. Then the seller’s remorse sets in and hits hard!
2. Get the Best Deal in Trade-In Offers
You might want to trade in your car for a new one. Having an estimated value of the car helps to give you a foundation for negotiating a trade-in deal. It will help to reduce the amount of money you need to top up for the new car.
3. Protection against Underhand Practices
As we’ve mentioned, buyers are trying to get your car for as low as they can. You will get offers far less than what the car is really worth. If it’s a broker buying on behalf of their client, they won’t hesitate to use underhand practices to lower the value of the car.
If you have no idea how much your car is worth (not what you feel it’s worth), it’s easy to fall prey to these underhand tactics. Knowing the fair value of your car helps you stand firm against price bullies.
4. Confidence during Negotiations
Knowing your car’s value beforehand will help you negotiate confidently with buyers. It’s a huge confidence booster and you can even convince buyers to take it at a slightly higher price than the average market value.
5. Peace of Mind
Lastly, valuing your car will help you sell it competitively. Knowing you got a good deal for your car will make you happy. The feel-good factor is very satisfying.
The “willing buyer, willing seller” mentality is also often accompanied by buyer’s remorse- the buyer feeling conned and regretful. Some promise themselves to do better in the next purchase. Others don’t take it lightly and may resort to online harassment. The last thing you want is to find yourself being blasted on Buyer Beware online groups.
Get Free Used Car Valuation You Can Trust
Getting your car valued when selling is crucial to ensure a fair and accurate price. It helps you make informed decisions, negotiate better, and maximize your return. Don’t miss out on this essential step! Want to learn how to price your car when selling?