How to price a used car - we tell you

Are you thinking about selling your vehicle, but do not know how much money you should ask for it? If the answer to this question is affirmative, you have reached the ideal place. In we are going to give you the keys and the best tools so that you know how much your car is valued and, for that, we are going to give you some good tips that will allow you to know how to price a used car correctly.

There are numerous options to obtain a fast, simple and very cheap vehicle appraisal. Discover, then, the best methods to put the correct price to your car and sell it successfully.

On what are they based to price a car

To value a car is to know its price in the current market taking into account elements such as mileage, maintenance and care of the car, its use, its age and all the elements of equipment that compose it. Therefore, that is what a professional will set when assessing your car. It is a useful and very common tool, especially in the sale of used vehicles, and there are many professionals dedicated to it.

Cars depreciate over time, however well we take care of them. In general, it is estimated that during its first year of life the car can lose 18% of the value for which it was purchased, during the following 6 years 10% annually and from the eighth year it loses 5% of its value for each year that goes by. Therefore, if you are thinking of making a transaction with your car, it is extremely important to know the current value to be able to establish its price, taking into account the state, use and seniority.

Where and how to price a car

As we have pointed out above, car pricing consists of evaluating the state of all the elements that make up the car. In this way, the depreciation or value you have lost is calculated to establish the value of a car in the current market. The options to be able to assess a car are several. Know them!

• Car appraiser: professional car appraisers are one of the best options to assess your car in person. They will help you to know exactly the value that your vehicle currently has in the market observing elements such as mileage, condition, use, age, its characteristics and the supply and demand of this type of car.
• Online appraisal: it is increasingly common to use online appraisal tools. They are fast, comfortable, simple and usually inexpensive and, in addition, you will not have to move from home to discover what price your car has. To use these tools properly, we advise you not to pay attention to the car taxation by registration, since its simplicity makes it less precise. Of course, although it is a good method of assessment, you will not get an exact value, but rather an approximate one, given that the vehicle will not be examined visually and in person.
• Dealers : it is the traditional space for buying and selling vehicles and, today, they are still a great option for pricing and selling your car quickly.
• Scrapping : they are the perfect method when your vehicle is not in good condition, that is, if it is damaged, sinister or is very old. Probably selling it will be a problem, but the scrapyards have an appraisal service. The prices are usually very low, since they will keep the best parts of your vehicle and sell them at more than economic prices. That is your business.
• Table to assess your car : finally, it is interesting to know the tables of vehicle prices that the Treasury publishes year after year in the BOE with the current market values. It is an approximate and reference table, although it does not take into account important elements such as the extra equipment that adds value to your car.

How to assess an antique car

If your vehicle is several years old and you want to sell it and put the price corresponding to its current value, the appraisal is essential. Do not forget to pass previously by your trusted mechanic to do a pre-appraisal review. Think that the objective of pricing a vehicle is to be able to get the maximum value possible and, therefore, sell it at a good price.

Do not forget: pricing the car is a guarantee for both the buyer and the seller. If you liked this article on how to price a used car and need more information, you can find it in the following article on How to assess a car.