The starting point of any car valuation that we undertake will be from the information that you initially provide us when you complete our valuation form, specifically your registration number. The valuation page can be found on the home page. It is important that the information that you enter is as accurate as possible and your registration details are correct. The valuation of your car that is returned to you is from the car industry trade valuation guides, which is a national database of car valuations for all makes and models based on current prices for which they sell for.
The database of car valuations is monitored daily by an external vendor who maintains the database on current car sales and market prices over time. The database takes into account the mileage of the car and its age, this is a starting valuation point. The initial price that you are given assumes the following about your car:
- Your car has more than 1 months MOT.
- Your car is not an import.
- Your vehicle was not subject to an insurance write off or used for private hire, rental, driving tuition or as a police vehicle.
- Your car does not have a personalised registration plate.
- Your car has no damage, including interior and mechanical upon observation.
- Your car starts
- You have two sets of keys for the car
- You have the option at the price presentation page to notify us any of the above assumptions being different on your Vehicle.
Remember this valuation is an initial starting point and to give a fairer assessment of the true cars value you will need to visit the one of our branches for an on-site inspection. This allows us to fairly examine the car for any damage, or the extent of the damage or scratches if there are any. If your car’s bodywork is in exceptional condition then the value of your car will be a lot higher than if there is any visible dents or scratches.
Please bear in mind that the main factor that determines the value of your will be the actual mileage that the engine has been used. Throughout the UK, average mileage for the year is around 12,000 miles so if you are driving more than this you will find that the value of your car will be significantly reduced when compared to the same make and model with lower mileage.
The Factors Upon Inspection That Will Provide A Better Valuation
As the initial valuation of your car had been based on the above assumptions, we now need to find out a complete picture of your car to get to a fairer valuation. Each of the below factors will help determine a better valuation and only can be discovered when you attend our branches – generally this is how to value a car when it is inspected
On your V5C document, it will state the number of previous owners if we and all other car buying companies and brokers will place a higher value on a car that has been with one owner for several years, than several owners in only a few years. We have to question why the car changed hands many times, is there a mechanical issue perhaps?
Cars need to be serviced every two years, ideally and you will find that if your car has been kept up to date with its service schedule by a VAT registered dealer, then it will be valued higher than any car with only partial service history.
Colour and Condition
Although this will be a slight impact on the value of your car having a car, a car that is coloured in a desired colour will keep its value more than a car that has been painted an unusual and undesirable colour.
In the initial valuation we assumed that the car has at least 1 months MOT on it, if we find that the car does not have an MOT then the cost will certainly be lower, simply because we will need to make the car roadworthy and pass an MOT to allow it to be sold on. The amount of work required to pass the MOT will certainly affect the final valuation.
Insurance Write Off
All cars that we aim to buy, or come into our car buying business have to be checked against the database at HPI (Hire Purchase Inspection). This check is a crucial part of our car buying process and makes sure that we are buying a genuine legal car that really belongs to the people who are looking to sell it. It allows us to verify if a car has been stolen, clocked, has outstanding finance or has been previously written off.
If you come to us with a car that you think has not been involved in an accident and something tell us otherwise on an HPI check, then this will inevitably reduce the value of the car quite considerably.
The Condition of The Bodywork
Lastly, the condition that the body work is in will be a good factor for the final value of the car that one of our car buyers gives your car after a full on-site appraisal. Simply repairing a door panel from a scratch or dent can easily cost in excess of £150, even more so when you are dealing with high end prestige models. This has to be factored into any accurate valuation that we provide and in doing so, it’s the fairest way for both parties.
When you complete the home page initial valuation form, please make sure that the contact information is valid, that way we will be able to contact you and arrange for an appointment for you to sell your car to us.