The value of a car can be hard to determine. There are so many factors that influence its worth. A vehicle’s make, model, and the year it was manufactured are the biggest determinants of a car’s current price.
However, many buyers also consider other factors when thinking about whether they want to pay for a car. As such, you should too if you are planning on selling your used or junk car.
It’s important to find out the price of your car if you want to sell it. This is so that you can ensure that you get that best deal possible. If you don’t know how much your automobile is worth, then it will be difficult to put a fair price on it.
Continue reading below to determine how to discover the value of your car.
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Why You Need to Know Your Car’s Value
If you are considering selling your used or damaged car, you will need to find out its worth before pricing it. While you can simply set an arbitrary amount that seems accurate, it will make the rest of the selling process easier if you take the time to evaluate its worth.
Finding out the market value of your vehicle will help you to appropriately price your car. Buyers want to spend the least amount of money possible on a used or damaged car, while you want the most.
Researching the value of your car will offer a jumping-off point for negotiations. You will be able to determine what you should accept for your car, and what offers are simply too low.
How to Calculate the Value of Your Car
Different potential buyers will evaluate your car’s worth using different criteria. Some will be much more calculated and precise while others may simply look at your vehicle and decide that it “looks” like it’s worth a certain amount.
Regardless of how a buyer evaluates your vehicle, you need to figure out an appropriate price for it first. This involves putting in more work than simply estimating based on the car’s appearance and the length of time that you’ve owned it.
Used Cars
Used cars are easier to evaluate than damaged cars. That is because there are numerous reliable websites that can help you with this process.
Kelley Blue Book (KBB) is the holy grail of used car evaluation. By using it, you can find data on cars just like yours and compare prices based on mileage, special features, and market conditions.
Using KBB will help you to set a fair price for your used car that will be suitable for both you and a potential buyer. Plus, you will have industry-backed knowledge to solidify your asking price whether you are selling to a private party or a dealership.
Damaged Cars
Calculating the value of a damaged can be tricky. Utilizing the same tools meant for used cars will not be enough. There are additional factors that go into estimating the value of old, junk, and salvage vehicles.
These include:
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The extent of the damage.
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The number of miles accumulated.
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If it has a salvage title.
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The type of damage.
The problem with damaged cars, though, is that even if you calculate a good price for it, many buyers will not be willing to pay it. To many people, junk cars are just that: junk. You would be lucky if a buyer agreed to pay more than $500 for a non-running clunker.
As a result, it’s often best to sell it to a junkyard or auction site. These places will be your best bet for determining its value.
Salvage yards are most likely to determine the vehicle’s value by weighing it. This will inform that yard of your car’s scrap metal value, which is highly variable.
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Find the Value of Your Car the Easy Way – Use CarBrain.com
Determining the value of your car isn’t a straightforward process when you do it yourself. Also, it can be difficult to be objective about how damaged it really is. For instance, your vehicle might be falling apart and ready for the crusher, but you’ve had it so long that you can’t accept its fate.
Fortunately, CarBrain.com makes it easy to find the fair market price for your vehicle. Yes, even it is old, rusted, non-running, and falling apart. We provide the best price no matter what your car looks like or what state it’s in.
We are able to do this because of our unique price-valuating system. It takes in many factors that other businesses and buyers do not consider. For instance, we look at the year, make, and model of your year as well as the local market that it’s in, current market demand, its wholesale value, and many others. And, we do this all in 90 seconds.
That’s right, CarBrain will give you a quote for your car in less than 2 minutes.
If you are satisfied with our offer, all you have to do is accept and we can pick up your vehicle in 24 to 48 hours. We work with a nationwide network of towing providers and will tow from anywhere and you won’t be responsible for any fees. The driver will come with your check in hand and all you have to do is provide your keys and the car title.
We make it easy to sell your damaged car for a great price. Contact us today to get your quote!