Advanced technologies and new car models are seen in the market more often than before making car buyers like me wondering how much is my car worth and whether or not it makes sense to trade it in as part of the initial stage in getting a new car. Considering selling or trading in my car for a new one, finding out how much my car is worth is crucial and an important step in the negotiation process. For most cases, general cars are probably depreciating in value and certain models depreciate faster than the others. In the process of selling my car it is important to get an accurate valuation which is condition adjusted for my specific model.
I got a rough price and pricing guide from local newspapers, automobile magazines and the internet for a list of my exact make and model and it shows me how much is my car worth in poor and average condition and how much it could be worth in excellent condition.
To know how much is my car worth, it is best to look for a car that is similar to yours in terms of the manufacturing and registration date, car make and model. This has assisted me to have a better idea of what value I can expect for my car. There is also a difference in the car value between selling your car to a used car dealer and a direct buyer. I would expect a higher value from a direct buyer as compare to trading in my car to a car dealer based on the fact that car dealers act as the middle source to buy the car from me and to resell back to end users. It is advisable to spare some time to maintain your car in its best condition and fix it wherever seems necessary if you intend to sell to direct buyer at a higher value.
Naturally, everybody wants to get the highest possible price when they sell off their car or when they ask themselves how much is my car worth.
But if I demand too much in my advert, nobody is going to respond and give me any feedback. If I ask for too little, I will be cheating myself. Another method that I find worth exploring is to research used car prices to find out how much is my car worth. The prices can be obtained from classifieds in newspapers or by visiting car shows or speak with other car salesman as well as used car dealers or even end user to find out how much they paid for a similar car and how much they have sold their own cars for in the past. Once you have an idea of the price range, you can be confident that the price you have in mind to sell would be your guideline and limit to negotiate further with the buyer. The value of my car will increase and decrease depending on the economic situation and the number of productions for my specific car make. In my opinion, how much is my car worth depends very much on the other buyer who is willing to pay. Everybody would want a fair price but this is a process that needs patience.
It is normal to have your new car depreciating after the second year of buying. To prevent car value from decreasing, one has to invest numerous efforts aside from regular pampering. A car is a machine and no matter how much affection you have for it, it will not repair on its own once damaged.
A regular auto detailing is a top requirement for every car, be it spanking new or rusty and aged. A painstaking car service keeps your car parts in good condition so that your car can function well. Have your car serviced at a reliable repair shop to make sure none of the essential services is missed. Ask around for reliability and compare the prices. Regular car services will maintain your car’s functionality and prolongs its mileage.
A car’s exterior condition can also determine its value. Keep your car scratch-free by driving safely and not making hasty turns. Go for regular car wash to maintain your car’s cleanliness as well as the interior condition, especially the parts which can capture dust easily for example dashboard, gear shift and door panel. If your seats are made of leather, you should clean them and apply leather conditioner which would also protect the seats from wear and tear.
Apart from that, avoid from smoking in your car as it is proven that smokers receive a lesser car resale value. Less people prefer a car previously owned by a smoker hence the less competitive prices. Cigarette smoke can be absorbed into car interior parts which would also deteriorate the condition of the car as it leaves the car looking older than it actually is. Besides, the smell left by smoke is distinctive and hardly possible to eliminate. Therefore, it is absolutely evident that smoking in a car would decrease car value.
If you wish to upgrade your car, choose genuine spare parts to replace the original ones that come with the car which are obviously genuine as well. Parts without a brand may be faulty and do not guarantee you a better car experience as they have no reputation to lose in the first place.
A higher mileage count would also decrease your car value. Having a high mileage is inevitable particularly to car users who stay in the suburbs and suffer terrible traffic congestion to work. These car owners could choose to utilize the public transportation services offered during rush hours and drive during non-peak hours instead. This could effectively reduce carbon emission. If such measure is not possible, they could always opt for maintaining the car in other aspects mentioned above.