If you’re currently in the process of selling your car, it can be difficult determining a fair asking price, or even knowing what to expect. How can you tell if you’re getting what it’s worth? Or how do you avoid setting an unreasonably high asking price? Read for more about the things you should consider when selling your car and to find out whether or not it’s valuable to receive multiple quotes while you’re doing it.
Determining if a Quote Is Fair When Trying to Sell Your Car
When you first embark on the car selling process, you’ll need to have a good understanding of what your car is actually worth. Without this knowledge, it’s far more difficult to determine a quote’s fairness. There are many factors that can impact the value of your car, including how many miles it has on it, how old it is, its condition, and more.
When you’re considering selling your car, you can begin by consulting helpful resources, such as Edmunds True Market Value calculator, or the Kelley Blue Book My Car’s Value calculator. The results from these tools will be rough estimates, not perfectly accurate appraisals. But, you will receive a ballpark range of what to expect when it comes to pricing.
Beyond these resources, you should make sure you’re doing additional research on your own. You can do this by looking at similar car listings in your area and taking note of the asking prices for vehicles that resemble yours. With this knowledge, you’ll have a better sense of how to reasonably price your car, and what to fairly expect from buyers.
Receiving multiple quotes for your car will also equip you with a good sense of what your car might be worth. With multiple quotes, you can look at the median value of all the quotes you receive in order to determine what a comfortable range might be. The more quotes you receive for your used car, the easier it will be to determine the asking price and validate a buyer.
Top Signs That You Can Trust a Car Buying Service
Car buying services like CarVIO are always a great option if you’re looking to receive a quick, hassle-free payment for your used vehicle. However, not all car buying services are created equally.
How can you tell if a car buying service is trustworthy? Here are some indicators to look out for when you’re thinking about using a car buying services:
1. Ensure Legal Legitimacy
Car buying services are legal entities and should have public records on the internet. When you’re evaluating a buying service, you should take a closer look at things like property records, business licenses, and even alternative names.
You can also take a look at the service’s previous dealings. Reputable sites such as Edmunds and AutoTrader, for instance, offer seller ratings. These websites can serve as good sources of information.
Lastly, you can also speak directly with a consignor. The consignor can provide you with up-to-date documentation to show that the service is bonded, insured, and possesses the proper regulatory approval.
2. Dig Deeper Into the Car Buying Service’s Online Presence
In the same vein as checking sites like Edmunds and AutoTrader for ratings, you should assess the overall online presence of car buying services. Websites are a window into the offerings a business offers and can provide information that isn’t always shown to customers in short-form advertisements.
Here are a few questions you can consider when looking at a car buyer’s website:
- Does their website explain who they are? Does it clearly identify their location?
- Does the car buying service’s site have a news, blog, or some form of media section?
- Does the service’s site explicitly advertise the inventory they’ve sold previously?
If some of these areas are lacking, it might require more research.
3. How Much Effort Is Put Into Customer Service?
A trustworthy car buying service will hold high standards of customer service — whether your communication is over email, on the phone, or in person. Are they patient in answering your questions? If they can’t answer something on the spot, will they follow through with the necessary research?
Also, how does the car buyer respond when asked for references? As a seller (or a buyer, for that matter), unbiased reviews are highly useful for determining the trustworthiness of a service. If you’re unable to acquire these references, it might be a red flag about the business’s trustworthiness.
4. Take a Careful Look at Their Track Record
Successful businesses should have a track record of success. Between references, online reviews, the online presence of the consignor, and information on previously sold inventory, you should be able to form a general idea of the car buyer’s track record. Are they well-established and respected, or are they simply a fly-by-night scammer?
CarVIO Pays Fairly for Used Cars
Still hunting for a trustworthy car-buying platform, that’s not going to try to give you an unfair offer? If so, then CarVIO is the best option for you. We’ll buy your car, regardless of the condition that it’s in. Interested in learning more? Check out our FAQs, or give us a call at (760) 493-7644.