If you dream about a new car in San Bernardino or South Beach, it’s probably time to think about a fair selling price for your old car. While you can look up the base value of your vehicle using online tools or the Kelley’s Blue Book value, other factors will go into pricing your car for sale.
While the basic make and model will give you a general value of your car, there are many details about your car that could affect its potential sale price. Your mileage, general condition, and additional features could add additional value to your car.
While you may go with a buyer that claims, “We buy cars San Bernardino” you also may choose to sell your car privately. Setting a fair price is the first job in creating an effective listing. Let’s take a closer look at the factors that go into establishing a reasonable price for your used car.
Blue Book Value
Finding your Kelley’s Blue Book value is the first place to start when selling your car. This will give you a generalized idea of where to start when setting your price. Kelley’s Blue Book lists possible prices for your vehicle based on the VIN number and the condition of your vehicle. The ratings run from poor to excellent condition. It will be up to you to determine where your car will be rated. The higher your rating, the more your used car will be worth.
Additional Features
Most Blue Book values are determined using the base model costs. Your value would be higher if your car was outfitted with additional features like cruise control or leather seating. If you have your car sticker from the original dealer sale, it will give you a full listing of all the additional features on your vehicle.
Mileage
The number of miles you have put on your car will determine a determining factor in setting a fair sale price. The more miles on your car, the lower the price. More mileage means more wear and tear that could lead to necessary repairs for a new owner.
Extended Warranty
It’s a good idea to look through your warranty paperwork to determine if any part of it is still valid and covering the vehicle. While you may have expired the mileage requirement for bumper-to-bumper care, you may have time left on your lower warranties for your drive train. Any inclusion of a remaining warranty or an applied extension will increase the value of your car.
Overall Condition
A vehicle that is in great shape will bring you a higher price than one that has been poorly maintained. If your car has a few stains on the upholstery or a few dings in the doors, you will have to consider that damage when setting your selling price. To improve the overall look of your car, you may consider having it professionally detailed.
Comparable Prices
Your car may sell for more or less, depending on your geographical area and the current market. To get an idea of where to set your asking price, take a look at comparable local vehicles. You will want to price your car in the same neighborhood as those that have already sold.
Selling your car doesn’t have to be a hassle in order make a profit. Follow these tips and consider these factors to help you set a winning price for your used car.