How important is Condition when I Sell my Car?
Things like the age of your vehicle, mileage, and service history affect the resale value of any car. Among all the factors that decides a car's worth, its overall condition is the most important one.
Better car condition means it is more valuable and thus you get a better price for it. If there is some fault in the car or if some repairing is needed, the cost of repairing will be deducted from the total cost. However, if the car is completely fine, you can expect a fully competitive price for it without any deduction.
Effect of Damage on Car's Value
Damage to a car can be both physical and mechanical. This definitely has to be addressed, and it can be done in two ways. Either you have to pay for the damage yourself, get it repaired, and thus get the full price of your vehicle. The other way is to get the cost of repairing detected from the total price of the car. Also, remember that severity of the damage can also decrease the overall value of your car. Here's how:
Some vehicles are written off by insurance companies, majorly due to cosmetic damage. Cosmetic damages may include any destruction to the car caused by a flood, fire, or collision. Though these damages can be repaired, but then the cars are placed in category N (Non Structural) or category S (Structural Damage) as they are not safe to drive on roads.
If your car has ever had a severe accident, it will reduce its value as road risks associated with these cars are higher than others.
Effect of Cosmetic Imperfections on Car's Value
Minor cosmetic damage of any vehicle is an imperfection in its physical appearance that doesn't affect it mechanically, but it might look unattractive to the eyes. These imperfections are not risky to driving on the road. Scratches, dents, cracked windshield, or any other glass window of the vehicle somehow decreases its resale value. Cosmetic imperfections will not bother you much when you have to use the car. It will come to your notice when you have to sell it.
It is natural to say that nobody wants to give the full cost for a car that is even slightly scratched when they can get a fully mint condition car at the same price.
Even small scratches can be costly to repair in some expensive luxurious cars. Know that minor scratches can take off 10 to 15 % value of the car. At the same time, heavy damage decreases the resale value even more.
What is My Car Worth?
You can find an approximate value of your car by considering the model and the year in which it was released. With that, you need to look at the condition of the car and its mileage. Both the interior and exterior conditions of a car determine its worth. Let us see how they are important.
Interior Condition
Usually, the interior of a vehicle gets ruined if it is not taken care of very well. Eating and smoking in the car following it is not cleaned; does the most damage to it. Eating in the car can stain the seats and the carpets, while smoking can burn the seats.
These small things have a great impact on a buyer. This gives a hint about the carelessness of a person. It is better to get the interior thoroughly cleaned so that it looks new. You can get leather, carpet, dashboard, seats all washed from professionals so that everything is repaired. This make your car look presentable. Eventually, it adds value to your car.
Exterior Condition
Dents and scratches that might seem minor to you can be a big deal for a buyer. These scratches categorize your car as Excellent, Good, Fair, or Poor. The cars that are taken care of really well, cleaned regularly, and have always been parked in a safe space are likely to have the Excellent condition. You have to get these dents repaired if you are conscious of the resale value of your car.
It is recommended to get the vehicle washed professionally, and all the scratched are repaired. Before presenting to a buyer, it is nice to remove all the stickers and remove trash from the car. Getting a professional car service will not cost you much; rather, it will increase your car's worth.
Market Value
Even if your car is in the best condition, both interiorly and exteriorly, you cannot deny the importance of the market in determining the approximate resale value of your car. Some car brands have a better reputation than others, so their value doesn't decrease much over time. If you own a car like Hyundai, Mazda, Toyota, Honda, you can definitely expect better resale value even for an old model.
Having a car with a body, design, and specs that are in demand these days is beneficial for you in terms of its resale value.
Combining all these factors gives you a hint of your car's worth.
But you don't really need to do it in the presence of SellingMyCarOnline.co.uk Just ping us with the details of your vehicle, and we will let you know the best price of the car in which you can sell it.
Get Your Car Sold at a Competitive Price
Your vehicle is an investment, and you definitely want to get the most out of it when you sell it. Protecting your vehicle from any damage should be your priority if you cannot afford to have a lower resale value of your car.
Even with all the care and love, it becomes difficult to protect the car completely. Scratches and dents may appear on the car, and you may have no idea about it. In this condition, calculating the correct cost of a car can be tricky. You can get the most accurate quote through our online valuation form. Please provide us with all the necessary details of your vehicle to know its worth.