With the number of car dealers today selling a car online is very easy. There are certain parameters which need to be satisfied and the job is done. But having knowledge about these parameters so that the right values could be given and getting an expert opinion online on these is always a good idea. The valuation of the car is of utmost importance because of the fact that it helps to determine the right price while you sell your car. The valuation process sets the process in a right way, so that the used car can be traded in such a way that it is beneficial both to the buyer and the seller. Before you sell your car you must definitely get the valuation done. The segment of the car plays a vital role. Higher the segment lesser will be the price for which you will be able to sell your car. For example, the value of a second hand hatchback will be more than a sedan. The manufacturer brand has an important impact to determine the value of used car prices. There are certain brands for which their cars fetch you a higher resale price than the others. Clear and upto date paper works also ensure a high value if you want to sell your car. The insurance, the banking updates for any sort of loans, the pollution control checks, the chassis number registration and the ownership details, the maintenance details are very important for fetching higher value while you sell your car. The location factor also plays an important role in the valuation of second hand cars. Cars have their own set geographical range like certain cities or towns in which they are more popular. There are certain models which are famous in a particular area but they may not be the favorites in the other areas. A car sold in its favorite area will fetch a higher price naturally. Age of the car is a very important aspect which decides the value for used cars. With increasing age the selling value also undergo depreciation. Every other day the automobile companies are coming up with new models. So the older the car becomes, the more outdated it becomes. Moreover, many a time older models face a problem with the spare parts availability as companies stop their production. The age of the car also influences its drive quality as well. The speed lag, the suspension, the underneath and the cornering are the drive-abilities. The noise of the engine also an important as it generally tells us a lot about the health of the engine. Various car functions like the AC functions, the central-locking system, the power windows, Lights, indicators, steering, door-locks, and the braking abilities – all of these highly influence the value for which you sell your car. Like the interiors, the exterior can also be checked for painting, dents and rusts etc. A car with a good first impression will always garner a higher resale value. The number of previous owners that a car has also influences the value of your car. It is inversely proportional which means the increase in the number of previous owners decreases the price of the car. The distance travelled by the car is another important parameter which is judged for used car valuation. The used car prices decrease with the increase in the number of kilometers travelled. Fuel efficiency is a very important factor and as the mileage goes down the price goes down as well when you sell your car.
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December 2017
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