Setting the right price for a used car is almost an art: a blend of research and intuition.
Setting the right price for a used car is almost an art: a blend of research and intuition. Set the right price and you will quickly get the full value of your car. Set it the wrong way and you’ll wait weeks for a call or e-mail from a buyer.
Your goal is to list your car at a competitive price, but one that’s on the high end of the price range. This allows you room to negotiate and still wind up with a good chunk of change. So decide where you want to close the deal and work backward from there.
Consider you want to sell your car for Rupees 25, 0000. You should list it at about Rupees 25, 7500. With more expensive cars, you need to leave more room, so to get Rupees 75, 0000; you should list the car at Rupees 85, 5000.
There are a lot of tools and resources for finding the good spot for pricing your used car. Here’s a step-by-step guide to this important process.
Keep an eye on the market. How do you your car in demand? Can you ask for top Rupees? Is this the right time to sell it? Here are a few general rules to help you answer these questions.
-Maruti while boring to many car enthusiasts is in constant demand by people who need basic, inexpensive transportation.
-Getting a good price for a convertible or sports car depends on the season in which you sell it. Sunny, summerlike weather brings out the buyers. If you sell in the fall and winter, prepare for the process to take longer.
-Trucks and vans, which people often use for work, sell quickly and command competitive prices. Don “underestimate their value.
-Collector cars take longer to sell and are tricky to price. However, these cars can bring good sale prices
— if you find the right buyer.
Take into account any other market conditions that might have an impact on your car. For example, if your car gets good fuel economy and gas prices are high, you will be able to ask more for it than when gas is cheap. Similarly, selling a super size SUV for top dollar is going to be tough if gas prices are sky high.
Clear the Pricing Guides. Use autocarbazar.com pricing to determine the fair value of your car. TMV prices are adjusted for mileage, color, options, condition and even region of the country. Keep in mind that TMV is a transaction price not an asking price. It’s where you want to wind up after negotiations. And don “forget to take a look at other pricing guides for comparison sake.
Check your competition. Review classified ads on such Web sites as autocarbazar.com to see the asking prices for other cars like yours. Most sites offer advanced searches to find close matches to your vehicle. But keep in mind that these are asking prices, not selling prices, and might just be wishful thinking by the seller. Compare the cars" condition, mileage, geographic location and asking price to your vehicle to guide you in setting the right price.
Price your car competitively. As mentioned earlier, be sure to leave wiggle room for negotiations. Ask for slightly more money than you expect. If you get your asking price, that’s great. But if you have to go lower, it won “is a terrible loss.
Also consider the psychological aspects of car pricing by staying just below benchmark numbers as a private-party seller, however, you don’t want to look like a car dealer. Therefore, you might want to take a simplified approach and set your price at round figures such as rupees 60, 7500 or Rupees 60, 5000.
Hold your intuition. Once you have minded all the hard data, it’s time to consult your intuition. Perhaps you have a hunch that your car is desirable, or that the time is right for you to ask a certain price. As you do this gut check, remember that it’s always a good idea to err on the side of a higher asking price. If necessary, you can lower the price until you get callers. On the other hand, if you err on the low side, you’ll sell it quickly but won’t get the car’s full value.