Used Car Prices

Setting Used Car Prices

Price your used car too low and you could lose money ­ overprice it and you may struggle to sell your car. Visitcars has five easy ways to set the right price for your used car.

1. Check used car price guides
Used car prices are a good indication of how much your car is worth, and include up-to-date prices on different model variants.

A quick look at Glass′s guide will tell you:

• How much a dealer will sell the car for
• How much you′ll get in a part exchange deal
• Any fluctuations in the used car market which could affect price

Bear in mind used car prices calculated in guides tend to be an average rather than a definite amount.

2. Browse other adverts for used car prices
If you look through the Visitcars car advert listings, you can set the price of your used car in accordance with current going used car prices of that make and model.

When pricing you should consider the mileage, model type and overall condition of your used car, and search for cars advertised with similar aspects.

You may find that used car prices are not always up-to-date with old or rare cars, which is when browsing car adverts can help you to create a more realistic price for your used car.

Consider any extras your car has as this will change any used car prices. Is it a rare model, one in current demand or no longer manufactured? There could be other aspects which may affect the price, such as low mileages, popular colours or sought-after special editions.

3. Research used car prices at dealerships
By visiting car dealers, you can start to understand used car prices, and get an idea of your car′s trade-in value ­ anything you get over this will be a profit.

Don′t expect to get a similar price to used cars sold at dealerships though as you must remember that they include car warranty, guarantees and other services, so set your car price lower for a quick sale. Manufacturer websites are also a good place to start as they often provide online trade price valuations.

Why not use the Visitcars FREE used car prices tool to find out now what your used car could be priced at.

4. Understand how car depreciation affects used car prices
Depreciation is a term used to explain how used car prices will reduce over time with some losing value quicker than others. Try and figure out how much your car will be worth in a few years time ­ if the figure is high, it′s more likely your car will sell.

Cars that lose the least value over time are either top models, highly sought-after or rare. For example, “If you manage to buy a Ferrari F430 or an Audi R8 today you could sell it tomorrow and make £10,000 or £15,000 profit, people will do anything to get them.” TV′s used car expert, Jason Dawe.

5. Get the best price and advertise for FREE on Visitcars
Visitcars have created a free market for buying and selling cars online, and you don′t have to pay more depending on the price of your car, you can simply select a package and advertise in an instant.

published: 02/02/2009