Check Out 10 Factors To Think About When Selling A Car

5 things to do before you sell your beloved used car
  1. Mechanical Condition
    An easy way to check mechanical condition will be to conduct a test drive. During a test drive there are many factors to check with some easier than others eg are there scraping noises going over bumps, is there an obvious tug to one side, any problems with the braking? By spotting the potential replacement and labour costs involved with detecting such problems early you can factor that into the price.
  2. Exterior Condition
    The exterior condition of a vehicle not only will affect the value but will also affect the saleability. People will first make a judgement of the car based on its exterior condition immediately. This could include scuffed wheels (with an average price of £60 per wheel for restoration, with a suggestion of both wheel on the same side to be painted), other factors would be paintwork, scratches, rust, bumps and dents. If scratched paintwork is involved, for example, sometimes this requires the whole door to be replaced rather than a quick touching up, typically you could easily drop upwards of £100 on such a panel or door replacement. The same goes for trims and badges which can also start from £100. Visit buy my car site for a more in depth overview.
  3. Interior Condition
    We see a lot of vehicles with a vast mixture of interior condition, some notable conditions are; a scratched dash (this has to be factored into the sale price as it can’t be repaired), hard to replair floor and/or seat fabrics (reupholstering price typically starts at £75 a section). If the car is in need of a professional interior valet including shampooing seats thanks to eg dog smell, this could cost up to £50.
  4. Mileage
    Mileage plays a factor in the retail price of the vehicle, the higher the mileage the less value will be given to that vehicle.
  5. Previous Owners
    The resale price of the vehicle is affected by the number of previous owners- the desirability of the vehicle is lower the higher number of previous owners. Lowering the price of the car is the usual method of combating this.
  6. Service History
    This can be a deciding factor when selling a vehicle with a high amount of previous owners; vehicle desirability is lessened with little to no service history. However, one should consider that if a vehicle has been serviced 5 times, it may just be the result of 5 previous owners each servicing it when bought, making this a potentially misleading figure.
  7. MOT
    {A vehicle with a short MOT will highly affect the ability of a vehicle to be sold and the value|The value and saleability of a vehicle will be highly affected by a short MOT|the ability of a vehicle to be sold at its full value will be high affected if it only has a short MOT). Taking into consideration the actual price of an MOT test first. Starting from £50, anything from brake pads, discs on any of the 4 tyres for example is an unknown risk of what could fail and quickly spiral upwards of £300. To help sell your car and avoid suspicions we suggest sorting out the MOT so that the buyer knows the value for money they’re getting.
  8. Specification
    There are different models to consider when buying a vehicle; as far as investing in resale value is concerned, a vehicle with better specs will hold its value for a longer period of time.
  9. Saleability
    The Saleability of a vehicle is the ability for it to be easily sold. Factors can include fuel type and consumption, engine transmission type (manual v automatic) and size, if a vehicle can enter Ultra Low Emission Zone or a certain tax bracket and insurance group. Although these factors may tick all boxes for one it may not for others, meaning it could be tough sell for a certain price without one or more of these factors.
  10. Vehicle Colour
    A vehicle’s colour can affect the vehicle re-sale price in a major way, non-neutral coloured cars can be a real turn off for some people really affecting its saleability.

Conclusion
in order to understand your car’s worth, you need to undertake a full vehicle appraisal. This may seem like a lot to take on board, but this is bread and butter when appraising the true value of a car to a dealer. Click on over to this buy my car link if you are looking for an estimation. We recommend you visit the link to grab 3 separate valuations for greater clarity on the various factors involved relating to the different conditions and how they could affect the price.

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