How to Estimate the Car Resale Valuation?

Summary: Before setting the price of a used car you should firstly do an online car valuation of the car then to increase the price there are certain factors like the brand and the popularity of the model which affects the price too. By keeping all the factors in mind you should set a price attracts the buyers.

The ex showroom price of any car is determined by two factors, one is the amount at which the dealer is buying and second is the state tax. The ex showroom price varies from place to place. The used car price of that model is comparatively lower.

There are several factors which affect the sale of the car.

The primary one is the demand and supply of the used cars in the market. If the car is a popular one then the price range is bound to be high of the resale value.

The second factor is if the model is brand new and you have bought it recently and you want to sell it then you will get much lesser price or if the company has launched an updated model similar to the model you have.

The third factor is you need to some home work online that is you need to see what others dealers have set the price of the model you own and also the condition. You need to compare it accordingly and then set a realistic price. If needed you can call up the dealers asking for help as to how to set the price, on which ground and they will help you out.

The fourth factor is the online gimmicks which you need to be aware of. There are many sites which say that will help you determine the price of your used car but the price they say is always an increased amount to impress the customer. What the person actually gets is much lower amount compared to the online price. One can know this if one talks to several dealers both in the city and out and who help out genuinely and then further by dealing with real buyers.

The fifth point is to set a price which you feel is appropriate for the car and not simply increase it just because you want it. You should inflate the price a little so that there is room for bargaining and even after bargaining and settling to a price you make a little profit. Making profit in the used car is nothing bad because you have done quite a lot of homework for it and you are selling off the car in a good condition with all repaired parts and handing over all the documents.