Insurance Articles

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Getting car valuations Posted: 19 Jun 2012 12:47 AM PDT If you are thinking about selling your car, the first thing that you may need to do is to appreciate that the value of your car will be determined to a certain extent by how you intend to sell it. If you intend to offer your existing car as part exchange for a new model, for example, then the price that the dealer offers you is likely to seem attractive. This is partly to do with the fact that they can hide that cost to some extent in the buying price they offer you for the purchase of your new vehicle. While it may be unrealistic to assume that you could achieve this level of price if you decided to sell your car privately or sold it to a second hand car dealership, it may be equally unrealistic to assume that all offers from dealerships would necessarily be the same. Shopping around and getting car valuations (several of them) may typically be a sound investment of your time. Internet based companies may typically use one of two methods of estimating the value of your car: some may use automated valuation systems perhaps solely based on Parkers or Glass's guide. This would involve the make, model and year of manufacturer of your vehicle, as well as its current mileage – which may be compared to some average figures; others may take this one step further by actually contacting you by phone to gather other information from you, which may be relevant in determining the level of the offer they may subsequently make. With an automated estimate, you may typically find that any offer made for your vehicle would be subject to an inspection and you may find that the price on offer decreases substantially once you have gone to the trouble of taking your car to the dealer concerned. With the second option though you may find that because the offer is based on more than just the book price it may be a much more accurate reflection of the actual value of your vehicle. Some companies may be prepared to make you an actual offer that they will stick to – provided of course that the additional information you gave them was accurate. As an added bonus, some of these companies may actually come and collect your car and give you a number of options about how you would prefer to be paid. There may typically be no additional fees charged for these services so the valuation figure given may be what you actually receive for your vehicle. About the Author Spencer Kent is the owner of Southern Car Buyers who are the quickest and easiest way to sell your car for cash. Visit www.southerncarbuyers.com now and complete our short valuation form and we could have an offer for your car in less than 1 hour.

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