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How To Get An Accurate Online Valuation For Your Car

When it comes to selling your car, everyone wants to get the best possible price. Of course, in order to get a good price, a seller first needs to have an idea of how much their car is worth. For years, companies such as Glass Guide have provided car valuations for aspiring buyers and sellers in the UK through printed guides. However, given the vagaries of the market, these prices quickly fluctuate, rendering the printed guides obsolete before they even reach the customer.

With the advent of online car valuations, the problems associated with printed guides are no longer an issue. Online valuation companies take advantage of modern technology and a network of partnering dealerships to produce estimates in real-time using the most up to date information.

Premium Versus Free Car Valuations

There are two types of online car valuations, free and premium. For a free valuation, simply type in your registration number and let the system pull information on the make and model of your car. The free valuation is based on general factors, such as the year you made your purchase as opposed to the actual mileage. For this reason, the free valuation is ideal for drivers who have made little modifications to their car and have a typical usage history.

On the contrary, a premium valuation will examine almost every detail with regard to your car, from the colour to the interior, for a small fee of £10 to £15. However, it should be noted that a premium valuation may not differ from free one if little to no modifications have been made on your vehicle. As such, the premium valuation is an option that is most attractive to cars that have multiple modifications or unusually low mileage. Factors that influence a premium valuation include:

Mileage

Mileage is far more indicative of the wear and tear on your car than the year it was made. If your car has relatively low mileage for its year, then a premium valuation will take that into account when providing an estimate.

Colour

The colour of your car is one of the fundamental attributes buyers look for when searching for a used vehicle.

Maintenance History

Keeping your car maintained can be an indicator that your car has been well cared for. Some online valuation companies will ask for detailed record of maintenance history when evaluating your car's worth.

Work and Accident History

Crashes and accidents can lower the value of your car. However, this doesn't necessarily mean you should get a repair done. A car valuation can actually be a good tool for gauging whether the cost of a repair is worth the increase in value. Either way, any damages will factor in to the overall value of the car.

Modifications

Another key factor in determining the worth of your car is the modifications you have made to it. A high end car stereo system will increase the final figure, as will any upgrades such as leather interiors, GPS systems, or backseat entertainment systems. The exterior of a car can also play into the final valuation, as tinted windows, upgraded rims, or other cosmetic body work can enhance your estimate.

Another important thing to remember is the type of sale. The value of your car (http://www.carbuyingteam.co.uk/best-car-price/) will change depending on whether it will be put up for a private sale, sold to a dealership, or traded in for a new car.

Getting the best price for your car starts with getting the suggested value. This will give you the leverage to make an informed decision and establish both a ceiling and a floor for what you will ultimately sell the car for. Whether it is a premium or free valuation, the important thing is having a starting point with which to list your car.

 

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