Valuation for a car is not an easy task, even for sellers and buyers. Completely different from the new car, the price of a used car is influenced by many factors such as the number of kilometers traveled, accidents and hydrodropping or not ... So how to value the exact old car .
There are many ways for you to determine the most accurate price for an old car model. Here are common ways and you can consult before deciding to buy a car
1. Refer to online car trading platforms
Currently, e-commerce platforms are very developed, so you can search for the selling price for the same model that you are planning to buy or sell. The current website has a very specific and detailed arrangement, from the car model, the version of the floor or the automatic number, can even filter the same color as the car intended to sell.
After filtering out similar models, you proceed to filter the price from high to low to find the average price. Next you find the model with the same number of kms or about 5,000 km difference compared to your car, from which you will have nearly accurate and reasonable prices for both buyers and sellers.
2. Ask the used car dealer or dealer
You can also take the model to the dealership or consignment to refer to the current selling price. Normally, these places will cost less than the actual value of the car from 10 to 15%. Therefore, we can add this difference to the selling price of the car. In addition, you should also consult prices from 2-3 shops or more to get the most standard price.
Besides private car dealers, you can also ask a genuine dealer to accurately quote your car. In this case, you should only add 10 - 20 million to the selling price.
3. The formula of valuation by year of use
According to international practice, a model will lose 10% of its value compared to the previous year. However, for the first year, the car will often depreciate more than the remaining years. For Japanese models, especially Toyota, the depreciation value is about 15%. For the remaining models, depreciation falls in the range of 20-25%.
Example: The rolling price of Toyota Vios 1.5E MT 2018 is about VND 579 million.
- After 1 year of use, the reference selling price will be from 579 x (1 - 25%) = 434 million VND or more, depending on the km traveled.
- From the second year, the reference selling price will be from 434 x (1-2%) = 390 million VND.
The selling price calculated in this way is relatively more, due to fluctuations in the number of kilometers and equipment to upgrade the vehicle if available. However, we can increase or decrease 5 - 10% depending on the km variable and upgraded equipment.
4. Thanks to experienced people
The last way is to ask an experienced person to use this car, or have used a used car to look at the car as well as have the right price. However, not everyone has relationships available and can ask.
Currently social networks like facebook also have groups that use cars that you plan to buy or sell. You can ask the members for advice or pricing to help, so it is easy to have a basis for you to value the purchase and sale of the car.
Buying used cars is a choice of many people, especially for those who do not have the economic conditions to buy a new, modern and comfortable car. However, these cars are still much better than the new cars that are on the same level of money in more spacious spaces, which are also superior. Even so, we need to consider carefully before deciding. With the above suggestions, wishing you will have the appropriate purchase and sale price and the cooperation between the two parties.
