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The importance of used car valuationsBack


If you are thinking about selling your car or purchasing a new one, it is important to get a free used car valuation before you enter into a deal.

If you are selling your car privately, a car valuation will provide you with an accurate price for your car which you can then use as a guide when you advertise it online. If you are looking to purchase a used car, you can use the valuation to ensure you obtain the best price from a dealer or private seller.

A car valuation is usually compiled by experts from a range of sources to include dealers, private sales, auctions and classified advertisements across the UK. However, the valuation will just be a guide price so you will need to consider additional factors which could affect your used car valuation such as the following:

  • Mileage (if this is not included in your quote)
  • How many owners the car has previously had – the less owners, the higher its value
  • The external condition of the car – does it have any scratches or marks on the paintwork? Is there plenty of tread left in the tyres?
  • The interior of the car – does all the equipment work such as the stereo system, electric windows etc
  • Service book – is this fully stamped? A full service history will increase your car valuation.
  • When was your last MOT? When does your tax disc run out?
  • Keys – do you have 2 sets of keys to pass on to the next owner – this is preferable in order to obtain the maximum amount.

Free used car valuations

Car classifieds such as What Car? and CAP offer a free online car valuation service. All you have to do is enter some simple details regarding your car such as the number plate, the mileage and its overall condition. You should then receive an instant valuation via email which you can use as a guide to help you get the best price for the car you are buying or selling.

The used car valuation will usually provide a breakdown of values to include the price a dealer will sell the car for, a price for a private seller, the price you can expect if you choose to part-exchange your vehicle and the trade price.




Posted by Leana Kell on 07/03/2014