subject: How Much Is An Old Car Worth [print this page] When selling an old used car, people just decide its selling price by looking at it. It is generally just a fluke. This is a great mistake. The value of an old used car plays a very important role in knowing you will end by in a loss or a profit. Whatever money you will get can be used for either buying a new car or any other reason.
There are a no. of factors which a which are responsible in estimating an old cars worth. This includes its condition, its performance, its mileage, its features, driving history, accident records etc.
While buying old used car, you always have to remember the prime and only rule of this business. Each and every new car has the same value throughout the country but every old used car has s different value in each and every city. This is because the value of an old car is dependent on several factors.
You can estimate a car worth through all the above mentioned factors. There are a few website which are trusted and accepted worldwide for estimating a car worth. A few car guides are also available. You can also find columns in newspapers and magazines which give information on these topics. You can choose the one that you trust the most. But it is always advisable to go for the websites. They are considered as a standard and accepted every way. It takes very less time in estimating the car of worth online. You will just have to enter a few details about your car and the website will generate an estimated value on your car. They give three different estimations.
Used Car Trade-in Value this is the price that a dealer will pay you for your used vehicle. It can also be said as the value that a dealer will use for a used car when it is traded in for a new car. This is the first value at which a dealer will begin while deciding on how much money can be given to the customer.
Used Car Private Party Value- this is the price that is determined only by the individual buyers. For a fast sale, selling your used car to a private party is always a good idea. In such a case, it is always advisable to list the selling price at a value less than the private party value.
Used Car Retail Value - The retail value of a used car is a price that a dealer is ready to sell a used car for to any another buyer. This is the value that a new or used car dealer will use for the selling price of the vehicle to a retail customer.
All these three values will give you an idea on how you want to sell your car. You can either go for a private sale else to a dealer else to trade it.
