Understanding the market value of your car will be hugely beneficial when it comes to selling your used vehicle or looking to claim it for cash.
While you can use online valuation services to find your car’s worth quickly, there are other ways to help you understand the market value for yourself.
Our team at Sell My Car Australia have outlined the best methods for quickly and accurately checking the worth of your car. Read on to find out more.
Before finding out how much your car is worth, you must understand what market value means.
Whenever you’re looking to sell your car, you must know its value to ensure you receive a fair price for the exchange. Additionally, a valuation of your car will help you determine a realistic price for your used vehicle. Many people tend to set unrealistic estimates, meaning their car sits on the market for months and continues to depreciate.
Don’t make the same mistake. To get the most value out of your used car, find out its worth quickly and take the appropriate actions to secure a sale.
No matter what kind of value estimator you use, several factors are required to determine how much your car is worth.
Information needed to estimate the value of your car includes:
The make, model, and year – Your car’s make, model, and age are critical in its valuation. Some cars are more popular than others, and therefore, the make and model may be worth more. Alternatively, if your vehicle is relatively new, then it will be worth more than a car that has been driven for years. All this information can be found in the owner’s manual.
Mileage – Generally, the more miles your car has driven, the less value it has. This is because a high mileage usually means more wear and tear on the car. Most potential buyers will be looking for a second-hand car with minimal issues. Hence, looking at your mileage will help you understand the value of your vehicle.
Features – Throughout the years of owning your car, you may have added special features or customisations to the vehicle. This makes a significant difference when it comes to valuation. Examples of features that will raise the value of your car include leather seats, a sound system, custom rims, and more.
Condition – The condition of your vehicle is another great indicator of how much it is worth. For example, if your car is highly damaged or requires a lot of fixing, it will be valued lower than a car in pristine condition. Try to keep your car’s interior and exterior maintained to ensure it retains its value over time.
Market demand – Market demand is not something you can control. However, it plays a significant part in determining the value of your used car. Market demand is generally influenced by location, time, and the popularity of the car. If your car is desirable, then you will have more potential buyers.
To quickly determine the value of your car, it’s best to leave it to the experts.
While there are many value estimators out there, Sell My Car Australia offers accurate, fast, and detailed valuations. We also provide cash for car service – meaning if you’re looking to sell your used car, we’ll pay its total value to you in cash.
Looking to find out how much your car’s worth? The team at Sell My Car Australia is here to help. Contact us today for a free and quick car valuation.