What Is Car Valuation and Why Is It Important?

Posted by We Buy Motors on December 13th, 2016

Are you up for selling your used car? If your answer is yes, then you have come to the right place to get all the help you need. Whenever comes the matter of selling anything, the very first thing you need to figure out is its worth. Similar is the case with selling a car. Yes, we are talking about car valuation because that’s how you get to know about the worth of your car. 

Why is valuation required?

The very first thing that would come to anyone’s mind will be why to get their car valued? This process lets you figure out the current market value of your car depending on its model, make and mileage. You will get to know how much money you are going to get in exchange of your vehicle.  

When you are aware of the price of your car, while dealing with the actual seller, you will be at a better position to negotiate the sales price. It is beneficial for both the buyer and seller. In case you are the buyer, you will get the car at the cheapest value. On the other hand, if you are the seller, you would be willing to make the biggest profit possible. You will be at a better position to charge the price even before the negotiation of your vehicle begins. 

Valuation will also let you know if you are making the right deal. If you get a good price, then it won’t be wise to exchange the working parts of your vehicle, you can go for selling the whole thing.  

What if you have been in an accident?

When you are involved in a car accident that results in loss, the insurer issues a settlement offer. But do you know it is not necessary to accept that offer?You can challenge this offer if you have a strong case. In this situation, if you know the worth of your car, you can be at advantage. Settlement is calculated through report of the engineer and the car valuation guide.You can win if you are at a good position to negotiate with your insurer. Before you speak to your insurer, it is recommended to find the value of your car.

How to valuate your car?

The process of valuation is simple. You can go to the car dealership or you can look for online resources that offer free car valuation. They will ask you a few questions like mileage, model of the vehicle, and more. Then you will get a figure within no time. It is best to check from both sources because sometimes, the car dealerships don’t want to tell you the exact worth of your car, which can be really awful. Once you have the right worth of your vehicle, nobody will be able to fool you with a low price. 

Do not underestimate the importance of getting to know the value of your car. Even if you don’t have plans of selling your car yet, this information can still be worth it. 

About the Company:

Webuymotors.com strives to be the one of the UK’s top car purchasing companies. The company was launched back in 2010 and has dealt with more than 40,000 customers. It was founded in the heart of London and is the UK’s first car purchasing company offering its services all over the UK with free collection of your car.