How do I know how much my car is worth before selling it?

Indispensable tips to get a fair price.

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At the time of sell a car a great question always pops up: How much is it really worth? The idea is always to receive a fair amount for your vehicle, either because you need the money to invest it in other things, you are looking for a profit margin or because you want to buy a new one.

Regardless of the reason you decide to sell your car, you have to know that not knowing its value could be detrimental, since you could offer it at a very low cost, and that would affect your profits; Or you could ask for a very high amount, and on the contrary, it will be difficult for you to sell it.

Used carsOne of the most common mistakes you can make is think that your car is in good condition and that, therefore, is worth a lot. Although the condition of the vehicle is important to determine the price, you should know that it is not the only factor that influences.

According to the platform for buying and selling pre-owned cars, Kavak.com, you have to make a honest evaluation of the conditions in which your car is, both in its physical and mechanical aspects; if it requires any repair or has a large amount of mileage, among other things.

Car insuranceTo know how much your car is worth, you should take into account the following recommendations:

CONSIDER THE TYPE OF VEHICLE. This will help you to know how much demand it has in the market, as well as what is the best time to put it on sale, for example:

  • Sedan cars. Regardless of their price, they are constantly in demand.
  • Sports cars and convertibles. These vehicles sell best during warm seasons.
  • Commercial cars and vans. They tend to sell faster regardless of the time of year, the downside is that it is not so easy to ask a high price for them.
  • Car collection. These can keep for a long time in the garage without depreciating in value, but finding a buyer who pays well for it could take a while, so be patient.

STUDY THE PRICE IN THE MARKET. Find the price at which your vehicle is offered, whether in dealerships or online buying and selling platforms, this will help you get an idea of ​​the price range in which it is located.

REPAIRS. It is important to keep in mind that the less details your car has, the greater the final offer will be. If your car is not in the best condition it will be very difficult to sell it at a good price, so before putting it on sale you must take it to be reviewed and, where appropriate, repair the damage.

I FOLLOWED YOUR INTUITION. After you have gathered all the data on prices, competition, demand and improvements, it's time to pay attention to your intuition. This will help you to finally know what is the final figure that you will ask for it.

If you think someone is very interested in him, then you can propose the price you have in mind. Start with a slightly high price so you have a range to negotiate.

But if you see that, due to the model or condition, your vehicle is not so attractive to buyers, or you have been with the offer for a considerable time and there are no interested parties, you can consider reducing the price.

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Automundo

Automundo is the blog about news from the automotive industry, motorsport and the culture of the region. Director: Diego Durruty.

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