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1. Mechanical Condition
You can most simply gauge the mechanical condition by taking it on a test drive. During a test drive there are many factors to check with some easier than others eg does the vehicle pull to one side, are there any knocking noises when driving over bumps, how’s the braking? By spotting the potential replacement and labour costs involved with detecting such problems early you can factor that into the price.
2. Exterior Condition
The exterior condition of a vehicle not only will affect the value but will also affect the saleability. People will first make a judgement of the car based on its exterior condition immediately. This could include scuffed wheels (with an average price of £60 per wheel for restoration, with a suggestion of both wheel on the same side to be painted), other factors would be paintwork, scratches, rust, bumps and dents. Paintwork is complicated, for example, a mere scratch on a door does not mean that the scatch can be touched in but rather the whole door shall be painted, typically you could easily drop upwards of £100 on such a panel or door replacement. Then we have trims and badges that can start from £100. Visit sell my car site for a more in depth look.
3. Interior Condition
There is quite the mixture of interior conditions on the many vehicles we see, some notable conditions are; a scratched dashboard (this cannot be repaired and will reflect in the final sale price), hard to replair floor and/or seat fabrics (reupholstering price typically starts at £75 a section). If the car needs a professional shampooing eg interior valeting for the seats due to a dog odour, this could be £50+.
4. Mileage
Mileage is an important factor in the vehicle retail price; the vehicle loses value the higher the mileage is.
5. Previous Owners
The resale price of the vehicle is affected by the number of previous owners- the desirability of the vehicle is lower the higher number of previous owners. Lowering the price of the car is the usual method of combating this.
6. Service History
If the amount of previous owners is high, service history may be a deciding factor; the desirability of vehicles is called into question with little or no service history available. However, one should consider that if a vehicle has been serviced 5 times, it may just be the result of 5 previous owners each servicing it when bought, making this a potentially misleading figure.
7. MOT
{A vehicle with a short MOT will highly affect the ability of a vehicle to be sold and the value|The value and saleability of a vehicle will be highly affected by a short MOT|the ability of a vehicle to be sold at its full value will be high affected if it only has a short MOT). Firstly, we need to look at the actual cost of the MOT test. There is always a fear the repair bill could quickly spiral from the basic £50 to £300+ for anything from eg failed brake discs or pads on any of the 4 tyres. We would recommend getting a new MOT, to help sell your car, and so that the buyer knows they are getting great value for money.
8. Specification
When considering a vehicle purchase there are different varieties of model; a vehicle with greater specs will hold its value for longer and will be greater as a long term investment.
9. Saleability
Saleability is the ability for a vehicle to be sold. Factors can include fuel type and consumption, engine transmission type (manual v automatic) and size, insurance group, tax bracket, whether a vehicle can enter Ultra Low Emission Zone. These may be factors that appeal to some people and not others, meaning a compromise on the right price might be tricky if one or more of these factors was an issue.
10. Vehicle Colour
A vehicle’s colour can affect the vehicle re-sale price in a major way, Certain coloured cars have much less of an appeal to the general public.
Conclusion
in order to understand your car’s worth, you need to undertake a full vehicle appraisal. This may seem daunting but to a dealer, this is an everyday scenario, from an appraisal a true value of you car can be given. Click on over to this buy my car link if you are looking for an estimation. For greater clarity, we offer 3 different valuations pertaining to the various factors described above, and how they shoud be taken into consideration in affecting the price.
