There are certain factors which affect the used car pricing
decisions. The probable factors which affect pricing are depreciation factor,
location of the seller and checking out other dealers in his locality. But the
seller before setting the price should visit websites like indianbluebook.com
or carwale.com, zigwheels.com from where he can know the exact condition of his
car. You need to fill up the basic queries like the model number, when did you
buy and such things and the website will immediately let you know the
depreciation rate and the present condition of the car. Accordingly you can set
the price keeping a percentage of profit, if you have repaired or repainted the
car or changed the tyres just include the price of it in the whole price and
give the buyer a reasonable price and also a room for negotiation. In this way
the seller can sell his or her vehicle in a stress free manner and does not has
to worry about whether he will gain from the transaction or not.
·
The depreciation factor ---The car when it is
being used from day 1 it starts depreciating and the depreciation rate varies
from vehicle to vehicle. This one important factor which affects the pricing of
the car as the buyer will always find out how much the vehicle has depreciated.
·
Location of the seller – This is important
because the ex showroom prices vary from state and also the price. The price
for used car will also vary according to the ex showroom rates. One can consult
the showroom from where they have bought the car and ask them to help them to
price it for you.
·
Keeping eyes open and see the other dealers
selling similar models – This is another point which the seller should see that
in his locality nearby is there any other seller who is selling the same model
or similar one. If so then the seller should enquire about the price to know
where he stands. By chance if the other seller is offering comparatively lesser
price then it is probable that he will get more buyers.
Thus these are the three factors
which the seller needs to keep in mind while deciding upon the price of the used car.
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