subject: The Utility Of Car Valuation [print this page] Car Valuation is a technique used very commonly these days. Its simple, you take a used car, look up on its superior and lacking features, and estimate a worth for it depending upon the overall rating of the car.
Car valuation is one aspect, which is presented in the outlined picture for a buyer. The person selling his car, will make it sound very outstanding and worth seeing for a potential buyer, so in this case the buyer does need to know more then what is in the add. As buying a good car is a tricky job so you can ease your task with car valuation!
When talking bout car valuation it has definitely two aspects:
Physical Valuation: Inspect the car by meeting up with the owner and the check for the details and papers for the car, and make an approx worth for the car.
Online/Newspaper Valuation: This is rather simpler as you just need to go through a website or a local newspaper and locate the most feasible cars. The info given will be given by the seller and would usually include make, model, year of registration, mileage and so on as per the owners will.
As for buyers point of view, Physical Valuation is more practical and their chances of getting a superior 2nd hand car are more, as you know what the car has to offer and how much it will be worth. And in case of online or paper valuation, the buyer still has an edge over the seller as he gets to know all the essential details before contacting the seller.
When we look at car valuation from a sellers point of view, it actually even helps them to get some profit of the car. Once they have provided all the info to a potential customer, they know whats going through their mind and its easier to bargain and get the deal going.
So whether youre a buyer or a seller, you do need to do some homework on Car Valuation before entering the maze of buying or selling. There are a number of online services available as well as in the local newspaper to guide you.
