Online car value calculator is the new thing when it comes to knowing the value of your used car. Nowadays there is an increasing trend to know the value of our car in the UAE. This does not depend only when you need to sell your car but rather for various other situations as well.
Whether you are someone who is thinking to buy a car, you want to know how much can I sell my car for or you have to quote its value as your major asset for some application, online car valuation is the way to go. There are several dedicated websites which provide such online car valuation for used cars. So if you are someone who says that I want to value my car to sell online, they can use these websites.
Major Factors Used in Online Car Value Calculator
There are several factors that each online car value calculator may use. Each website may use a different set of factors in order to determine the value of a car. But there are certain factors which remain constant throughout these calculators and are crucial to know the value of a car. Following are some of these factors:
Car Make, Model and Year
When someone says that I want to value my car for sale, they can start using the car calculator by giving the details of the make, model and year of the car.
The make of the car is basically the automaker or brand. This way the calculator can know which price range should the car be and which cars come under this brand.
Body type and Paint
In terms of the exterior aspects of the car, the calculator also asks about the body type and paint of the used car.
There are different versions of car body types and each type can vary significantly in terms of price. These include crossover, coupe, wagon, and sedan and lift back. Even within a model and a year, there may be options in terms of body type as well.
Body paint is also something that is crucial when deciding on the price of the used car. This depends on whether the car seller kept the original paint of the car or got it repainted after its purchase. A repainted car can further depreciate the car value.
Mileage, Engine and Options
Giving the mileage of the used car allows the car valuator to know how much the car has been used in terms of traveling. The more the mileage of the car, the further the depreciation.
Next is the engine type. If the car has a standard engine type for example 2.2 liter then the price will be accordingly. If the car possesses a unique or an engine that produces extra ordinary horsepower then the price will automatically increase.
The options within a car includes whether it has luxury options or standard options. These can be interior specifications or additional exterior feature as well as safety technologies.
Benefits of Using Online Car Value Calculator
Despite their growing popularity, these online car valuation tools are subject to much scrutiny among several users. The major concern that they have to face is that they quote an estimated figure against the used car. This can cause some misleading conceptions about the amount the car seller may earn or can disturb the pricing strategy that they might have used.
Nevertheless, these online used car calculators have several benefits as well which allows them to attract a large number of users. Here we will discuss some of these benefits below:
Leverage on the Price during Negotiations
Most of the time, car sellers who want to sell their car privately use these online car valuations to know the car sell value. In such practices car sellers have to directly interact with the potential car buyers and negotiate on the price. Therefore, it’s always important that you have an estimated value of your used car in mind. As you know the details regarding your car, you are in a better position to convince the buyer in terms of the cars condition and to take the offer that you have put forward.
No more Dealers Forceful Devaluation
If you are inclined in selling your car to a dealer then it’s imperative to know an estimated car valuation free before you hit the dealership. This is because it is common among dealers to offer a low price for cars which belong to 2 years or older model etc. Therefore, if you know a close to real figure of your car then you can make a strong case in front of the dealer and get a desirable figure.
Car Insurance and Loan Details
Other than selling or buying a car, this estimated value can be useful for those who want to apply for a loan or a car insurance against their existing car. While filling out the application for a loan, you would ask “what is my car price value,” when filling out your personal assets section. Other than that, applying for a car insurance you will have to quote the value of your existing car. This is where these online car value calculator comes into play.
