subject: Get a Free Car Valuation on Your Car Before you trade-in [print this page] Get a Free Car Valuation on Your Car Before you trade-in
Good news if you are selling an open top car as values are about to rise. Buyers are always tempted by open-top motoring come spring and summer so as the weather warms up trade values will experience double-digit increases.
In January 2010, the average auction price for a general market convertible was 6,900, but by April 2010, the average price had increased to 8,000, representing a 16 percent rise for the quarter.
So from March 2011 I would expect to see the higher trade prices being reflected in higher forecourt prices as dealers attempt to protect, or increase, their trading margins.
Don't forget the expected 16 percent increase in price is only expected'.
You should also be aware that I'm talking about higher trade prices, it is expected that dealerships will increase forecourt prices. In other words if you're trading your old car in, you will probably see very little of this price increase.
Of course many people choose to trade-in their old car because it is the most convenient way to quickly use the value of your car as a deposit for a new car. However, selling your car privately especially during the spring and summer months could be the way to get the best price possible for your old car.
There are many companies around today offering a free car valuation and this is something that I would recommend. I say this mainly because the price you will receive is an independent and professional car valuation. Getting 2 or 3 quotes from a free car valuation service is also something you might want to consider. As with anything, getting 3 quotes at least gives you some kind of comparison to make and overall will result in you being able to make a more informed choice.
Whatever happens do not just accept the first price a dealership offers you for your old car. In most cases the dealership will refer to a text book list of recommended prices without looking at your car in any detail. I remember one dealer, from previous experience, simply glanced out of the window at my car! I cannot understand how this level of inspection can be used to give a real valuation. For many people their car will be their biggest asset, apart from their house, so why should we accept such a vague valuation system when it comes to selling your old car?
