1. Mechanical Condition
Giving the car a test drive is the easiest way to gauge the mechanical condition. Checking some factors are easier than others when conducting a test drive eg are there scraping noises going over bumps, is there an obvious tug to one side, any problems with the braking? 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 saleability and value of the car will obviously depend on the condition of the exterior. When approaching a car, the first observation 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. 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, such a door or panel can set you back £100+. It could easily be another £100 to replace badges and trims. Visit <a href=”https://localcarbuyer.co/”>buy my car</a> site for a more in depth look.
3. Interior Condition
We see a lot of vehicles with a vast mixture of interior condition, some notable conditions are; a scratched dashboard (this has to be factored into the sale price as it can’t be repaired), 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 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 desirability of the vehicle will descrease as the number of previous owners goes up which will affect the resale price of the vehicle. In order to combat this rate, a cheaper price for the car would be suggested.
6. Service History
If the amount of previous owners is high, service history may be a deciding factor; with little to no service history the vehicle desirability is lessened. 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. 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. 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
There are different models to consider when buying a vehicle; 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
The ability of a vehicle to be sold is called its saleability. Factors can include engine size, fuel consumption, fuel type, engine transmission type (automatic or manual), if a vehicle can enter Ultra Low Emission Zone or a certain tax bracket and insurance group. These may be important factors to consider for some but not others, meaning it could be tough sell for a certain price without one or more of these factors.
10. Vehicle Colour
Another major way a vehicle’s resale price can be affected is it’s colour, non-neutral coloured cars can be a real turn off for some people really affecting its saleability.
Conclusion
A full vehicle appraisal is required to fully get to grips with how much you can sell your car for. This may seem like a lot to take on board, but this is bread and butter when appraising the true value of a car to a dealer. Click on over to this sell my car link if you are looking for an estimation. Get 3 separate valuations relating to different vehicle conditions for greater clarity how a vehicle condition could affect the price.
