When you are buying or selling a car, one thing that always springs to mind is the true value of that car.
Virtually all private sellers and car dealers will advertise a car at a price slightly higher than the market value in order to make a profit on the sale, and if you are trying to sell your own car, it can sometimes be hard to determine what the real value of it is.
So if you are trying to buy or sell a car, how exactly do you know what the “real” value of that car is? Check out these top tips to help you find out!
Get an online valuation estimate
The first thing to do would be to check out websites such as Parkers or Glass’s Guide. They will let you choose your car’s make, model, year of manufacture and you can even enter in the exact mileage for a more precise valuation estimate.
You will be able to get an estimate based on the condition (poor, fair or good), as well as the trade-in value of the car should you wish to trade it in for a newer car. You can also get a free car valuation at WeWantAnyCar (this website is great if you need to sell your car fast, by the way).
Check eBay Motors’ completed listings
One of the main reasons that people use eBay is to sell their cars using the eBay Motors part of their website (I’ve sold a few previous cars on there too).
Although it is obviously an auction website, it will also give you an indication of what real-world prices you are likely to attain if you were to sell your car today (or indeed, the value of the car you are interested in buying).
In order to check out the completed listings of cars that were advertised for sale through a classifieds advert or put through as an auction or “buy it now” auction, you will need to log in using your normal eBay username and password.
Should you not have an account on eBay, it is fairly straightforward – and free – to set one up. Alternatively, you could search with a friend or family member using their eBay account instead, should you not want to create one of your own.
Check current listings online
Another thing you can also do whilst you are online is to check out the current listings for the same make and model of your car. You can do this by looking at various websites that specifically offer motoring classifieds adverts, as well as other classifieds websites which also have a separate motoring classifieds section.
If your car is a popular model, then chances are someone has set up a community forum dedicated to it, so it’s worth doing a search to find out. Most, if not all forums, have a classifieds section where their members can post up for sale adverts.
Sometimes you might have to register to use the website, as some forums are private.