Diminished Car Value

How to figure out your car’s value

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Whether you're a seasoned car enthusiast or a first-time seller, you'll want to know how to figure out your car's value before you make any important decisions.

From your car's make and model, to the trends of the auto market, there is much to consider when trying to get an accurate price for your car.

In this Sell 2 Swansway blog post, we'll discuss some handy things to keep in mind so you can sell your car with confidence and for the best value.

How do I figure out my car's value?

In a modern market, where buyers are as informed as they are discerning, accurate valuations are crucial. If you're thinking of selling your car and want to know how much you could get for it, there are several things to consider. 

Make and model

This is a good foundation to start with, as a car's make is reflected in the judgements and preconceptions that many buyers have towards it. Each car earns its own reputation over time. It's important to tune yourself into this, so you can align your expectations accordingly.

Similarly, your car's model will tell potential buyers the level of performance, number of features, and overall appeal that your car will demand; these can fluctuate with buyers' own personal preferences. 

Mileage and age

When it comes to figuring out your car's value, mileage and age is another critical factor, and for buyers it's a simple mathematical equation:

  1. Lower mileage + newer model = Less wear and tear
  2. Higher mileage + older model = More wear and tear 

Though this isn't an exact science, it’s true that an older car with more miles on the odometer is likely to have some more depreciation on its vital components than a newer car with fewer miles to its name.

Buyers use this simple understanding to frame their valuation, and if they see that your car is a newer model with relatively fewer miles to it, then you will no doubt see a better price for it. 

Market condition

Just like any other valuable commodity on the market, your car is subject to the peaks and troughs of supply and demand. If your car is in particularly high demand at the time of selling, then you'll enjoy a higher price.

Compare this to a time when the seller's market is flooded with cars similar to yours, and you'll find that there simply isn't the same monetary incentive to buy it.

Economic trends, fuel prices, and even times of the year all play a notable role in your car's ultimate value by the time it comes to sell.

Why should I know what my car is worth?

When selling your car, understanding its value isn't just a matter of curiosity, it's a strategic move that can set you in firm stead, however you choose to eventually sell.

In the world of private sales especially, knowing the appropriate market value of your car offers you a bargaining power, and provides a stronger position to secure a deal in line with your expectations.

Speaking of expectations, you don't want to go into the car-selling process without a firm grasp of reality.

Whilst you might hold some additional value to your car (be it sentimentality or plain old ownership bias), save yourself a potential rude awakening at the point of sale by getting a good idea of your car's market value beforehand.

The power of online valuation when figuring your car's value

For many, the idea of selling your car evokes images of dealership lots full to the brim with cars and salesmen, as buyer and seller haggle it out for their own best possible price.

Thanks to online platforms like Sell 2 Swansway, the digital realm of selling your car is a game-changer, transforming the car-selling experience entirely. But how?

  • Instant insights - Powerful online valuation tools provide near immediate insights into your car's worth. Powered by data from across the entire car market - as well as human expertise - these tools offer the fairest, most accurate valuations around. 

  • Convenience - With the speed and accuracy of these instant valuations comes inherent convenience. No more haggling with buyers, no more bothersome meet-ups with tyre kickers. Just a few clicks to upload images of your car, as well as other important details, and you're already halfway there - all within mere hours!

  • Simple, no-fuss payment - We can't speak for other online car buyers out there, but when you sell your car with Sell 2 Swansway, the money you're quoted in your initial valuation is the money you can expect on the day of collection. No hidden fees or charges in sight. 

Sell your car instantly online with Sell 2 Swansway

As you can see, there's a lot that goes into figuring out the value of your car. However, we're here to do all the hard work for you. Our easy online valuation tool makes quick work of showing you the real market value of your car.

Part of the esteemed Swansway Motor Group, we're here to make selling your car easier and more convenient than ever before. With accurate quotes that reflect market trends - locked in for a full 7 days - you'll never get less than what you deserve for your car.

So, for a quick, easy 7-day guaranteed car valuation, hassle-free collection, and instant payment, there’s never been a better time to sell your car with Sell 2 Swansway.

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Beth Parry

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