The market of used cars is growing at a quick pace and it might surpass the annual sales of new cars. According to the present market trend, for each new car sold, a used car gets sold. This enhanced magnitude to buy and sell used cars results in enhanced competition. Though the interest in used cars among buyers is growing it has also opened up new opportunities for sellers to get a good deal. On the other hand, buyers also have an opulent of options in the market. Some new trends in the used car sector have changed the market landscape of the sector. Of course, the online used car market has organized the sector to a large extent. This has given the sellers and buyers confidence in having authentic deals.
So, you need to know how to get the right market value for your used cars.
Tips to get the best value of your used car:
Know the value of your car
Before you sell your used car, it is recommended that you know your car worth, so, that you are not duped by buyers or dealers. You can do this by checking your used car value with car valuation tool by OBV. There are a lot of online portals that offer this service for free. All that you need is that you have to enter the details of your car including the make of your car, year, model, and distance covered. When you know the approximate value of your vehicle you can negotiate better and also save time by asking different sources about the best price you will get for your used car.
Generally, a car depreciates by 10% yearly after you buy it. You can calculate the present value of your car by reducing a percentage from the ex-showroom price. You can check used car price online.
Sell your car online
If you sell your used car offline through a middleman, then this will cost you a commission. It means you shall lose money to sell your car. The reason is that the intermediary between your buyer and you shall be charged a commission. On the other hand, there are online portals that offer this service for free. You will not be charged any commission or fee. You can sell your used car to any known person such as a relative or friend and that person shall offer a good value for your car.
Get the used car fixed
Before you sell your used car, check your car in detail. Search for damages and other issues. The engine is an important part of a car and you need to get it fixed. You should visit a car garage for detailed services and get rid of small defects and check the engine in-depth by a mechanic. When there is some painting and denting issue, you can sort it out before you sell. This will help you to get a good second-hand car valuation. Rectifying the smaller issues will help you get the best valuation.
Negotiate prices of used cars with dealers
There are some benefits to buying used cars from dealers rather than private sellers. You can easily shop for a wide range of cars from car dealers rather than private sellers. You can easily shop for cars from dealers instead of looking for used cars from private sellers. this way you have a good chance to find something, which fits your price needs and range. Car dealers perform a basic inspection. When you purchase from a reputed business, you will get some kind of warranty.
When you buy used cars, you should know their fair valuation. With the help of OBV, you can know the prices of second-hand cars manufactured by car owners.
Used cars are in huge demand these days. According to experts, you can get the best deal for your second-hand cars once you follow the criteria mentioned above. Compare the prices offered by different portals for used cars.