Most people these days opt for the trade-in option while buying a new car, instead of selling it separately. They do this not only because of their increase in average disposable incomes but also for being a more hassle-free option. But, if you sell your car directly to the buyer, you can able to fetch more money. Take a look at the factors that affect the price of second-hand cars.
Wholesale price & Retail price
It’s vital to know that some car manufacturers like Ford, Mahindra etc have second-hand car businesses that they use to re-sell the vehicles that you trade in. These vehicles are sold to car buyers who are looking for used car options on which the manufacturer of the car earns some profit. If you sell your car for a retail price to a direct customer, you will get more value when compared with the trade-in value. So, it’s better to know both of the values and choose to go with cash for second-hand cars in Canberra to get the maximum profit.
The condition of your car
The condition of your car makes a significant impact on the price of your car. You should get a good value if your car appeared good and with the least modifications. It also gives an idea of how the vehicle has been taken care of and driven.
Car make and variant
In the second-hand car market, some brands offer better resale value than others. You must identify the right buyer who can afford the perfect value for your car. Also, finding a buyer who appreciates your car model would agree to offer a better price. The higher variants that come with the latest features offer better resale value too.
Year of manufacturing
If your car has 2 to 3 years of life left, you must not wait and sell your car immediately to get some amount of value from it. If I face the same situation, I would sell my car for cash in Canberra to get the best valuation price possible.
Hope, you came to know the factors on which the price of the second-hand car depends. If you like this blog, don’t forget to share it with your friends, and give thumbs up!
