Stuck with your old car? Not able to gauge the fair and correct price of your used car?
If all your answers are YES then you have arrived at the right place. This blog will guide you as how you use the online platform to sell your used car.
The knowledge of the fair price of the used car will prevent you from underselling your used car to the dealer. So, let us know about the online platform OBV which is fast becoming popular tool in Singapore to check prices of used carUsed car valuation:
It is a widely known fact that cars depreciate at extremely fast rate. The moment the car is driven out of the showroom, the prices start to drop.
But by how much?
Well, to get an answer to this question, you should use used car valuation in Singapore.
A used car valuation points out to the process of determining the fair price of a used car taking the depreciating factor for each individual part into consideration. Want to know more about the key factors that change a used car price?
Well, to get an answer to this question, you should use Well, then read on to dig out the answers.
The logo of the carmaker plays a key role in deciding the market value of that car. Two cars with the same specifications, build quality but manufactured by different car manufacturers ought to have different market value. The brand image, reputation of the car manufacturer plays a key role in deciding the car’s resale value.
The more the carmaker has a good after-sales network, brand -awareness, quality, reliability, the higher the cars have resale value. However, a single plus point does not raise a car’s resale value.
Rather, it is the combination of all the factors that ultimately decide a car’s resale value.
For instance, if a car has an excellent built quality but has poor service centers network and does not have good brand awareness, then the car may not fulfill your resale expectations.
The number of car owners has a direct impact on the car resale value. The more the number of owners is the less the car fetches price in resale value. There is a widely prevalent perception that more the number of car owners, the higher the possibility of the car being used roughly. In other words, a car with higher car ownerships has a greater probability of the parts being damaged. Although, the perception may not be true in, it does not change the fact that the ownerships do lower the price of a used car.
3. Kilometers Driven :
To check the used vehicle price, all one must do us is to select the purpose of visit, that is buying or selling. After selecting purpose, select the category of vehicle like car, scooter, bike, etc. Next, you will be asked to fill the various parameters of the vehicle such as make, model, year, trim of the vehicle, kilometers driven, number of owners to get the real-time value of the vehicle.4. Car’s Service History :
The presence of vital documents like service history records raises the car’s resale value. Buyers prefer to buy those used cars that have service history records. A continuous service history record means that the owner has taken good care of the car and the car has undergone at regular service intervals. This directly relates to car’s good health.
Also, the service history records inform the buyers of the change of parts the cars have had in the past. On the contrary, lack of service records projects a bad image of the seller and his car. So, you should always make sure that your car has service history records.
Most of the used cars have worn-out tyres. When a buyer spots an old and worn out tyres, he automatically stands in position to negotiate on the prices of the used car. So, before you put your car on sale, you should always inspect the condition of the tyres. In case car tyres are worn out and tread marks have disappeared then it is time to change the tyres.
It is beneficial for the used car sellers as changing the car tyres will raise the car prices. By focusing on the above-mentioned aspects of a used car, you can increase the resale value of a second-hand car.
By following above-mentioned tips, one can definitely raise the value of their used car.