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01st October 2020

Superadmin

Second-Hand Luxury Car Valuation: Tips and Tricks!

Buying a first-hand luxury car is a commodity that we cannot afford but a dream we all wish to achieve someday. This is where the second-hand car industry comes in to rescue you from your financial crunch crisis! In India, recent statistics have shown that second-hand car sales are growing every day with huge numbers and excellent success rates. 

Indians are ambitious but cautious at the same time. They usually tend to decide thinking two steps ahead of the present situation; this very decision making ideology bounds them from making a heavy investment into a premium brand car. Ever since the used cars industry has been introduced to the country, this alternative to spending crores on a first-hand luxury car has been accepted by the whole nation with open arms. 

Used Premium Car Valuations: Car Valuation Check

If you are buying your first car or switching from a two-wheeler to a four-wheeler, purchasing a pre-owned luxury car or a second-hand premium car is a wise decision that many would recommend. With the falling economy and rising car prices, there’s a tiny window for one to buy a luxury car at a reasonable and affordable price. It is essential to think about the future car servicing and maintenance charges that the car would demand. 

Still, you can always invest in a used luxury car and save yourself the trouble of going through massive damage to your pocket. AutoBest Emperio (ABE) brings to you the best-used luxury cars collection ranging from all models and brands to different price ranges so that you can choose the car of your choice.

Now, once you set your mind on buying a used premium car, along with questions like: Is this car going to fulfil my needs? Is the car fit enough for me to buy it? Can I see myself driving this car comfortably? Another undeniable question that might strike your mind is “What is the value of the car?”. 

Several tools are available in India to guarantee you the accurate second-hand car valuation in the used car industry. Still, these tools are not reliable for calculating your second-hand car’s value. Its history data and service data are required, not available with all these tools making empty promises to fool you. It is highly advisable not to trust these tools while making an essential decision like buying a car.

To help you get the answers to the last question, here are some used car valuation tips and tricks that can help you with the valuation of your second-hand luxury car or, to put into better words, the calculation of your used luxury car’s value, on your own. 

Used Car Valuation: Used Car Value Guide

To find the valuation of your used premium car or used luxury car, you first need to get familiar with a few vital factors that contribute to the car’s valuation are:

  1. Model of the car

  2. The version of the car

  3. City of registration of the car

  4. The year in which the car was purchased

  5. Number of owners of the car

  6. Number Kms the car has travelled.

  7. Accident history of the car

  8. Service data of the car

  9. Condition of the car

While calculating the valuation of a second-hand luxury car, there’s honestly no straight jacket formula that can help you find the exact numbers you are looking to assign to the car. Still, it requires data analysis techniques that have been applied over hundreds, and sometimes thousands, of actual car price data sold in a specific location. This data analysis does not result in a particular number but gives a range, and it is generally found in the form of a price chart. 

Second-hand Car Valuation: Used Car Value Check

To better understand this analysis, you can take the example of, say you are looking to buy a used luxury car in Delhi. According to the data collected on the cars sold of the same model and version in particular areas like Delhi and other cities,  detailed analysis will be found after some time. Through that, you can find the approximate valuation of your used luxury car. 

This process is quite frankly very time consuming and tedious. It requires sincere hard work and patience and is quite possibly very confusing for most of us who are not well educated in this field. Even after all the work and headache, a precise number cannot be achieved, but a rough range is given. The critical thing to keep in mind while analysing these analyses, and this range is that it helps you make an educated guess and prevents you from falling into a trap. It is advised, always do your homework before purchasing a second-hand car. Do not risk your life and hard-earned money due to laziness.

HAPPY DRIVING!

Read More:

1. How To Get The Best Deals On Used Luxury Cars

2. Tips To Keep In Mind While Buying A Used Luxury Car

3. Questions To Ask When Buying A Used Car?

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