When it comes to buying a used car, you’ll no doubt realise pretty quickly that there are two different values. The first is the market value of the vehicle when you’re buying or selling to a private individual, and the other is the price a dealer might offer for the car. The first is known as a private valuation and the other is a trade valuation. It’s important to know what each of these values are before embarking on your search or sale.
The difference between a private valuation and a trade valuation can be as high as 20%, and in most cases, a trade value will be the lower of the two. A trade and private car valuation check will provide you with both values, so you can make an informed decision going forward. You can use the valuation check to determine if the price you’re paying for a used car is accurate, or even before selling a vehicle so you know what price to put it on the market for.
There are several advantages to knowing both of these figures. Firstly, you can decide whether to buy from, or sell to, a private individual or a car dealership. Car dealers will typically offer you a lower price, but they also take much of the burden off your shoulders when it comes to selling. If you’re a buyer, you can be confident that a car dealer has done a thorough check of the vehicle and there is less likelihood that the car has issues such as being a stolen vehicle, for example. It will often come with some form of warranty too.
You want to know that when you buy a car, or sell one, you’re getting the best value. You need to be informed, and a trade and private care valuation check is the easiest and most efficient way to do that. Knowing the critical details, such as the value of a vehicle, lets you choose between who to sell to or whether to buy a specific car you’re interested in.
We use up to date information from reliable sources to calculate a vehicle’s value and provide a precise estimate in your report. This is achieved by comparing particular make and models with the most recent market price, factoring in other elements such as depreciation and mileage, to come up with the final figures.
Mileage and age do affect the value of a vehicle, particularly mileage where used cars are concerned. No-one wants to pay for a new car that runs more miles than the limit, because it’s a depreciation in value, so make sure you cross-check the mileage and the age of the vehicle you’re interested in.
There are several physical attributes that contribute to the overall valuation, along with the general condition of the car. These include:
A trade and private car valuation is the easiest way to check what a vehicle is worth, whether you’re selling your own car or looking to buy a used car. If you have any further questions, get in touch with us today.
Find out a vehicle's trade and private value by conducting a trade and private car valuation. Understanding the differing values of a vehicle will enable you to make an informed decision when buying or selling a car.
Thorough research will help you get the best-used car deal. If you are buying a car and find one you're interested in, discover what price dealers and private sellers are putting on vehicles of the same make and model.
Our car checker will enable you to find out the different asking prices of a vehicle and see other critical information, such as a car's ownership, mileage, and MOT history.
The data gleaned from a car valuation will also be vital to know if you're selling a car, helping you to ask for a reasonable price.