1. Mechanical Condition
An easy way to check mechanical condition will be to conduct a test drive. Checking some factors are easier than others when conducting a test drive eg is there any problem with the brakes, does th car drag to the left or right, any suspicious noises to be heard when driving over road bumps? By finding these conditions, the value of the car will be lessened by the price of the replacement part plus the labour cost.
2. Exterior Condition
The exterior condition of a vehicle not only will affect the value but will also affect the saleability. The first observation of a car will be that of the exterior. 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 include scratches, dents, rust, bumps and scraped paintwork. Sometimes what looks like a mere scratch can turn out to require the whole door being replaced rather than the touching up you thought it owuld, typically you could easily drop upwards of £100 on such a panel or door replacement. It could easily be another £100 to replace badges and trims. Visit car valuation site for a better overview.
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 has to be factored into the sale price as it can’t be repaired), torn floor fabrics which are hard to repair, torn seat (with a reupholstered price starting at £75 a section). If the car seats need a shampooing from dog smells, a professional interior valet job could cost upwards of £50 easily.
4. Mileage
Mileage plays a factor in the retail price of the vehicle, the higher the mileage the less value will be given to that vehicle.
5. Previous Owners
The number of previous owners will also affect the resale price of the vehicle due to reduced desirability of the vehicle. In order to combat this rate, a cheaper price for the car would be suggested.
6. Service History
When considering a high number of previous owners, service history can become a deciding factor; with little to no service history the vehicle desirability is lessened. However, if a vehicle has been serviced 5 times, this might simply be the byproduct of having 5 previous owners each servicing it when bought, thus making it look artificially well looked after.
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). First, we must take in to consideration the price of a test. Starting from £50, there is the unknown fear factor of what could be failed, brake discs, brake pads, and 2 tyres, the cost of this would start from £300. For this reason we recommend sorting out the MOT first so that the buyer knows they are getting the best value for money.
8. Specification
When buying a vehicle there are different model variants; as far as investing in resale value is concerned, a vehicle with better specs will hold its value for a longer period of time.
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 the vehicle could be hard to sell unless it was offered for the right price.
10. Vehicle Colour
Another major way a vehicle’s resale price can be affected is it’s colour, Be prepared to get less for certain coloured cars.
Conclusion
in order to understand your car’s worth, you need to undertake a full vehicle appraisal. It seems daunting but appraising true value of a car required all these factors to be taken into consideration for a dealers every day. 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.
