HOW CAR VALUATION IS AN IDEAL WAY TO SELL A USED CAR IN INDIA?
- Rahul Sharma
- Oct 23, 2017
- 2 min read
Considering the price of the cars, a lion’s share of the car purchasing population is shifting more towards the used car market and as a result, ends up making money saver deals as well. Not only the buyers, the sellers also end up making lucrative deals while selling off their old cars either directly or with the help of various reputed dealerships. It is when people go into desperation to buy a car and happen to portray that desperation well to the seller, that they lose their money. Anyway car purchases are known to be extremely emotional for a lot of people. After deciding on a car of choice, they end up spending much more than intended which crosses way beyond their respective budgets. Such is the occasion for a car valuation. This is because, with that, at least, you know how much the car is worth and make sure that you do not get ripped off because of one small mistake.
Used car valuations are necessary even for sellers. This is to ascertain a certain price on the car in a way as to both lure in the potential buyers and also to make money out of the deal. Such old car valuations or second hand valuations can be make both online and offline, but it is easy and hassle-free to go for a car valuation online.
Online tools usually list a number of factors which influence car resale values. These include -
The price of the newly bought
Age of the car and number of previous owners.
The usage, kilometre the car has run and also the mileage of the car.
The condition of the car which should include the whole of the exteriors and interiors.
Regions and place of purchases. Some cars are preferred in some states/ cities and thus promise better resale. Also a car registered in one state or city gets comparatively lesser price if sold in a different state or city.
It also depends on the season. Convertibles sell better in the summer months while 4x4s sell in winter.
Manufacturer, i.e. the brand name which attracts the buyers.
Segment is an important deciding factor too. The depreciation is much higher in the higher segments.
The urgency factor of seller and buyer. The rule is simple, more you are desperate to close the deal, more do you lose money. So the tip is to keep calm and not let the seller know about your urgency so much so that they start taking advantage of it.
So, as a seller, you need to maintain your car to get points on the appearance as well as interior comfort. You also need to try selling the right car at the right place and right time. For this consider the geographical factors mentioned above. Also, it may seem unethical, but as far as business ethics are confirmed, go for it – exploit the buyer’s desperation to buy the car and charge accordingly. Who knows? You can end up getting a lot more than you expected.
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