It is essential to get the correct valuation for your car before selling. Your aim should be a price point that attracts people’s interest and earns you good money. Getting a fair price for your vehicle should involve thorough research and personal judgment.
Riding the waves of high and low prices in the market can be difficult. While you would receive only a few leads if you set a steep price for your car, setting a price that is too low can run you into a financial loss.
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Car valuation calculators come into the picture here. These online calculators can make the whole process of valuing your car easy and seamless. This blog will cover the step-by-step process for getting the proper monetary valuation for your vehicle.
Preparing Yourself for Car Valuation
Here are the steps you can take to prepare your car for valuation.
Step1: Research Your Car’s Existing Market Value
Knowing exactly what your type of car can sell for is very crucial. It can help you set the right asking price for your vehicle. You can use online platforms to see the prices similar cars are listed for in your area.
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You can also get your car professionally appraised online. These platforms allow you to enter your car’s details and give you an estimate of its current market value.
You can also consider going to offline dealerships that want to buy your car outright. Their offers give you a fair idea of your vehicle’s market value. Estimating your car’s market value can help set the tone for future price negotiations with prospective buyers.
Step 2: Assess the Physical Condition of Your Car
Checking your entire car very closely can impact how much money it could sell for later. Make sure to look at both the interior and exterior for any issues. See if there are any scratches, dents, or permanent stains. Finding these problems in advance can help you avoid unhappy surprises later.
Consider how your car drives in general. Are there noises, vibrations, or handling issues? Test all the features to make sure your car is functioning correctly. If you are still unsure, you can get your vehicle thoroughly checked by a mechanic.
They are more likely to catch the problems you can’t see. Additionally, you can ask them to estimate the costs of repairs.
Step 3: Check Your Car’s Service and Accident History
Your car’s history matters to the buyers and can significantly affect its value. You can request your vehicle’s history report for your car on the Vahan Citizen Services portal. Keep details like the registration number, engine number, chassis number, and registration date handy to complete the entire process quickly.
This report can give you an official record of your car’s issues, repairs, and accidents. You can also consider checking the service records with your dealership for better transparency. Being transparent about your car’s past will allow the buyers to make an informed decision and build trust in you and your vehicle.
Step 4: Distance Driven
You might be aware that your car’s odometer reading can significantly impact its value. It is essential to check it thoroughly before you offer your vehicle for sale. All you have to do is match the odometer reading with the past service records of your car.
This matching process can help you ascertain the true mileage (distance driven) of your vehicle sustained over a relatively long period. Providing the true mileage of your car can help you build trust with prospective buyers.
Step 5: Getting a Hint of the Local Market Trends
Understanding the local market trends can help you know what the used cars are selling for in your area. This can give you a hint about pricing your vehicle competitively. Consider browsing local classifieds and dealer listings online for the same make, model, year, and mileage as your car.
Market trends change over time as new models emerge. Monitoring the local market can give great insight into your fair asking price. Setting a price just above similar cars for sale makes your vehicle desirable and competitively positioned to sell. Checking market data really holds the key.
9 Easy Steps to Check the Valuation of Your Car Online
You can check car valuation by following these easy steps.
- Visit the official website of a car valuation service provider.
- Begin by entering the registration number of your car and press enter.
- Confirm the details of your car, such as model name and variant ( for example- Maruti Suzuki Swift VDi, 2018 edition) and press the ‘Get Valuation’ tab.
- Enter essential details like the city of registration and the number of kilometres you have driven with your car (odometer reading).
- You would also be asked to state your car’s ownership status. You must specify if it is first, second, or third owned.
- Specify the time frame you plan to sell your car. You can select options like ‘immediately’, ‘within a month’, and ‘after a month’.
- If you are only checking the monetary value of your car and do not plan to sell it soon, specify accordingly.
- Press the ‘Get Valuation’ tab. Check the valuation of your car.
- Proceed further if you want to initiate the process of selling your car.
Checking the valuation of your car is easy. All you need to do is enter the correct details of your vehicle and provide your preferences.
The Bottom Line
Car valuation has many benefits. The right valuation can help you fetch the desired price for your car. All you have to do is remember and follow the steps highlighted above. An online car valuation tool can save you from all the unnecessary hassles.