Evaluating the resale price of a used vehicle enables car sellers to sell their vehicle to at a fair price. Ever seller wants to get the best price for their vehicle and avoid any possibility of financial loss. This can be ascertained if the research the platforms and determine the best one for price estimation and selling. Commonly, car sellers have the option of consulting a car dealership, classified website and specialist car buying company. Inexperienced sellers can consult all three platforms and compare the prices offered by each. This will help them understand the pro and cons of each platform. The car evaluation process will vary with each platform. Here are detailed insights into the car evaluation process of the three car buying platforms.
Price Evaluation Through Car Dealerships
Professional and well-informed, car dealerships are considered as a reliable and authentic platform by car sellers. They are knowledgeable and aware of the on-going market trends, but they use this to their advantage. The price that is offered by car dealerships are below the market price of the vehicle. The is that car dealerships aim to make maximum profit from the vehicle.
Some car dealerships also have a estimation fee that the car sellers need to pay. Another limitation that car sellers may face is that some car dealers have exclusive partnership with specific brands, so they will only cater vehicles that are form the brand.
Price Evaluation through Classified Websites
Car sellers who are experienced or feel confident about managing the car selling process often resort to classified websites. These websites leave every aspect of the process up to the car sellers including pricing. There are no standardized pricing guidelines that the car sellers need to follow. In such a scenario, car sellers often resort to price comparisons. They check the prices of other vehicles listed with same specifications and model. This is not an accurate price estimation criterion as the car sellers cannot find out the pricing criteria that other car sellers have followed. There is no indication that other car sellers consulted a reliable platform to assess the market price of the vehicle. Car sellers may end up with an exaggerated price that will lead to them facing problems finding a serious buyer for the vehicle. Inexperienced car sellers are discouraged to use this method for price estimation as they may end up being overwhelmed waiting for the right buyer.
Price Evaluation through Specialist Car Buying Companies
A quick and accurate method for price estimation is by consulting the online car valuation tool available on the specialist car buying company’s website. The tool requires essential information about the vehicle such as the condition and model of the vehicle. Once the car seller enters the relevant information the car valuation tool processes the information and provides an estimate within seconds. The car sellers can find out the estimate without leaving their house saving time and hassle that is involved in case of the other platforms.
How Can Car Valuation Help Car Seller Decide the Platform for Selling the Vehicle?
Once the car seller has an estimate they will get an insight regarding the car selling experience from each platform. Classified websites are risky for car sellers with little experience as they have no support from the platform in case they are scammed. The process is also time-consuming and overwhelming. When the car seller attempts to calculate the estimate they will face such hurdles and they can expect them to continue if they proceed with the platform.
Once the car seller has the estimate from all platforms, they will notice the price difference as the car dealerships do not offer the market value whereas specialist car buying companies do. This will help them understand the advantage of selling through specialist car buying platform over car dealerships.
If car sellers sell the used vehicle through specialist car buying company, they can expect a transparent process. Once they have undertaken the car valuation, they can book an appointment with the company for physical inspection of the vehicle. The vehicle is thoroughly inspected by the car experts of the specialist car buying company. After the quick and comprehensive inspection, the car seller is given the final price. The car valuation process is free of charge which is an additional benefit of selling through a specialist car buying platform. Moreover, the car seller is not bound to sell the car if they find the price unacceptable. The price offered by the platform is the actual market price of the vehicle. if they accept the price, they can sign a sales agreement to complete the process. The payment for the vehicle is made through an electronic bank transfer ensuring safe and transparent payments.