HOW ACCURATE ARE CAR VALUATION WEBSITES

With the surge in demand for old cars, it has become a boon for owners of old cars ready to sell them off. New car prices are ever increasing, so a major chunk of the population are indulging in old car purchases. Now these cars obviously need to be in good workable conditions for them to sell themselves. But while for some, having a new car smell is of utmost importance, for others that is not issue as long as the car is able to provide them comfort and convenience for which they are buying the car. Whatever be the car, however old it may be, unless a proper car valuation is done, the deal cannot be sealed. Now this used car valuation can be made both online and offline. But people usually go for a car valuation online to avoid hassle of any kind. And in fact there are a number of online tools available to help you with your old car valuation or second hand car valuation. But the real question is who do you trust?

HOW ACCURATE ARE CAR VALUATION WEBSITES

All car valuation websites almost inevitably talks about ascertaining the market value of the car. Vehicle condition is always a critical variable. When one is buying an old car, he/she is definitely not asking for new car appearance or the new car smell, but a convenience and comfort of drive is the minimum expectation. So the car should be in proper workable condition to sustain a minimum tenure of 2-3 years, otherwise the purchase makes no sense at all. So a website giving information on car conditions is necessary.

There are many online car inspection agencies online which can come with car valuation service providers. So that is also a point to be taken in consideration when the question of reliability of car valuation websites arises.

So if a question arises as to “So what or who is the real authority?”, the answer would surely be – the Market. The market changes every day and therefore the market dictates the true market values of the cars. Sometimes, the car valuation websites gives the market values of some cars to be too high or low and that can pose as a problem.

It may so happen that 3 players of the entire car dealing business, namely - the buyer, the seller, and the lender, are all on different pages, i.e. different car valuation websites. Each player wants the most advantageous price based on the part he or she is playing. The market is the only element that evens the playing field.So the only source of getting a fair price would be the market. In order to get a fair price, according to the market, a used car buyer should aim for the middle of the price range offered by the different websites. One should avoid the highest prices and the lowest ones and be realistic about the same, i.e. too less a price should not be considered true. So, it is safer to stay somewhere in the middle to get a fair deal on the car transaction.