If you list your vehicle for too much, there might not be much interest. But if you ask for too little, you may lose the opportunity to capitalise on the vehicle’s worth.
There are multiple factors to consider when determining your vehicle’s listed price:
Non-mechanical condition: Consider any damage to the vehicle’s exterior, such as scratches and dents, when deciding your asking price. Also, consider any interior damage, such as a permanent odour from smoking.
Mechanical issues: Any mechanical issues with the engine, transmission, or brakes will affect your vehicle’s value.
Service history: Having records of your vehicle’s maintenance or service history can help you ask for a higher price. If a potential buyer sees a vehicle’s extensive oil change or brake inspection history, you can justify a higher asking price.
Kilometres: When determining your listing price, also consider the odometer reading. A car with a higher odometer reading should usually have a lower asking price.
Accident history: If your vehicle has been in an accident, it can affect your car’s worth. Many buyers will be inclined to pay more for accident-free vehicles.
Market: Supply and demand can affect your vehicle’s worth. If the market is favouring buyers, you may have to lower your asking price to see interest in your vehicle.
Brand: Brand reputation is something to consider when determining an asking price for your vehicle. Look at vehicle listings online to see the asking price for those similar to your vehicle. Doing so can help you set a reasonable asking price.