How To Determine The Value Of A Used Car

Table of contents:

How To Determine The Value Of A Used Car
How To Determine The Value Of A Used Car

Video: How To Determine The Value Of A Used Car

Video: How To Determine The Value Of A Used Car
Video: Used Car Pricing - How do I know what is the actual fair market value of my car 2024, November
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To sell, buy or insure a car, it is important to correctly determine its value. It depends on many factors, such as year of manufacture, condition, mileage, availability of additional options and many others.

How to determine the value of a used car
How to determine the value of a used car

It is necessary

  • - information about the car;
  • - inspection of the car;
  • - advertisements in newspapers or on websites;
  • - calculation calculator.

Instructions

Step 1

Try to determine the cost of a car using a correction table. To do this, find out the year of manufacture of the car and calculate its age to the nearest year. Then check the speedometer to determine its mileage. When buying a car, keep in mind that many dishonest owners and resellers artificially underestimate the mileage using special devices, so try to check the truth of the readings using indirect signs (disc wear, body condition, engine, etc.).

Step 2

Find out the cost of a new car of your brand, for this, look at the manufacturer's website or call the sales center. If such models have already been discontinued, ask about the price of a similar car.

Step 3

Find the correction factor in the table and multiply the cost of a new car by it, you get the approximate price of a used car. Of course, this figure is approximate, since it does not take into account many important parameters

Step 4

For more accurate pricing, use our free online calculators. Enter the name of the car, year of manufacture, information about the condition of the body, additional options in the proposed cells and you will immediately be offered the approximate price of the car.

Step 5

Additionally, look at the ads for the sale of the same cars on websites or in newspapers. With their help, adjust the resulting value, since market demand for certain models can overestimate or underestimate the estimated price.

Step 6

If you want to know the price of a car, taking into account the technical condition (chassis and body), go to a service station. For a small price, experts will point out all the shortcomings to you, determine whether the car was in an accident or painted, what repairs are required, whether body parts have been replaced and other important details that affect the cost.

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