Sponsored: Stepwise Guide To Find The Right Value Of Your Used Car

Posted on Fri ,27 Jul 2018 12:50 pm
Droom
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Sponsored: Stepwise Guide To Find The Right Value Of Your Used Car

Orange Book Value (OBV) is a website dedicated to calculating the resale value of a car based on existing and historic data of the vehicle.

 

When looking for a car dealer to sell their used car, most people either underestimate the right value or end up pricing it more than the same. This happens due to a lack of background check done on the cars for sale. People end up selling their car for the wrong value, since they are either too attached to the vehicle or they ended up on the wrong side of a hard bargain. However, there are ways to find the right resale value of a car online.

 

Orange Book Value (OBV) is a website dedicated to calculating the resale value of a car based on existing and historic data of the vehicle. It helps a car dealer estimate the right value of their vehicle based on the data they input in the auto value calculator on the website’s homepage. Apart from cars, the website evaluates the resale value of bikes, scooters and even bicycles and planes.

 

Let’s say we take a 2012 Maruti Suzuki Swift Dzire as an example for the following steps to estimate the resale value of it.

 

 

Input basic parameters

 

OBV website has a form that prompts you to input certain basic details of the used car.

 

You may choose to either sell to individual parties or to a verified car dealer. Following this, there are six parameters to fill.

 

The first one is category, since OBV evaluates more than just cars. The next one is the make (manufacturing company) of the car, which for us is Maruti Suzuki. Next comes model, which is Swift Dzire. Followed by year – ours being a 2012 model – and the Trim, that classifies which segment the car belongs to, in our case it is Vxi 1.2 Bs-iv. The trim of our car identifies it as a petrol engine, mid-tier model. Finally you put in the exact number of kilometers the car has run. An approximate 32,000 in our case.

 

 

Set and adjust advanced parameters

 

Once you submit the details, the website displays and approximate price range that the car will sell for. This price will differ based on who you intend to sell. You can usually sell to an individual for a higher price depending on the condition of your used car. On the other hand a verified car dealer will pay significantly less despite the good condition of the car. The reason behind this is paperwork, reconditioning and the time commitment it takes to sell to an individual. Most drivers prefer side-stepping the hassle by selling their used car to a car dealer, even if it means missing out on a little extra money.

 

You may refine details about the car to receive an even more accurate estimate of your car’s value by adjusting the following details.

 

>AC

>Brakes

>Car Exterior

>Car Interior

>Electrical

>Engine

>Frame

>Steering

>Suspension

>Transmission

>Wheel And Tyres

 

The valuation of any cars for sale will vary further based on your location, ownership history, and paint color and accident history – all of which you can adjust to match your car under the advanced evaluation parameters.

 

Once you have an accurate estimate of the value that your used car will fetch, finding buyers will not be a problem since Orange Book Value (OBV) takes the running market value into consideration as well.