After many amazing journeys, there will come a time when you are due for a new upgrade. Before you start shopping, it’s important to consider selling your current vehicle in the process. Selling your car will provide you with some much-needed funds that can be used in the purchase of your next ride. However, you may ask yourself “what is the trade-in value of my car?”. To help you with this, here is an easy guide that will help you determine the estimated sale value that you can expect.
To begin, it’s important to list the key things that will affect the price of any vehicle. These factors include:
- The age of the car
- The car’s mileage
- The car’s condition
- The popularity of the make and model
- Service history
- Previous damages/repairs
- Modifications to the original factory specification
Of course, the vehicle’s value goes beyond this but these points will have the biggest impact. There are also a few external factors that play a role. For example, when fuel prices increase, consumers may be less likely to buy new vehicles, which puts a bigger emphasis on the pre-owned market.
If you take care of your car and ensure that it is serviced regularly, you will give it the best chance of getting a good price when you sell it. Although it is difficult to sometimes get an accurate estimate due to the fluctuating economy, there are still a few actions that you can take to work out some solid figures. These efforts can include:
- Browsing online vehicle providers to see if you can find a similar model for sale.
- Using an online vehicle value calculator/estimator.
- Calling a few dealerships to get a rough idea.
You may think that the next step would be to visit a dealership to receive a valuation. However, most dealers will be able to provide you with a subject-to-final-inspection value on your vehicle. The Hatfield Motor Group is able to facilitate this through our website and over WhatsApp or email. We have many reputable dealerships across the country with each offering obligation-free valuations whenever you are ready.