Cars are one of the primary modes of travel for most people. More and more cars are being added to the already running cars on the road. All classes of people are now preferring to buy cars and use them for commuting, unlike a few decades ago when everybody relied on buses and local trains to get to places.
Cars are now more affordable than ever as well because of the varying budgets that they come in, and the availability of used cars has made it even easier. Used car valuation Kerala and other major states help both people who want to upgrade to bigger cars and those who want to exchange their cars.
Either way, selling a used car to a prospective person may turn out to be a challenging process for both parties – the seller and the buyer. Therefore, getting all the information handy and knowing the process well can help.
Car Resale Industry
Just like the new car sales industry, the car resale and the used car division of automobiles is a thriving industry. There are many allied branches of automobiles, such as parts, accessories, service and used car sales, and all of them grow alongside the growth of car sales. India has had a record-breaking high in car sales every single year, with more and more people interested in buying new cars.
This means that there is a perennial demand for parts, services and accessories. As and when new cars are sold, older cars enter the used cars division. This is a chain of events that fuel the economy and provide everyone an opportunity to benefit.
The used car division started off as small subsidiaries, such as the Maruti Suzuki True Value division. Perhaps the most recognized form of used car resale was through true value via Maruti. Now there are so many different types of third-party vendors who help in exchanging cars easily.
There are online resellers as well as many third-party resellers with physical outlets as well. With the growing times, online resellers have become more powerful and resourceful by building a strong network of technicians and evaluators who help in used car evaluations.
Used car valuation Kerala is facilitated by many of these third-party vendors who help in purchasing used cars from a seller and selling them to prospective buyers who are looking for used cars in the market. There is a checklist of factors that an evaluation process involves that help verifies the condition of the car to both the seller and the buyer. It also helps in making sure that all checkpoints are covered during the exchange of the car from one party to another.
Estimating the right car value
Sellers and buyers must be aware of how valuable the car is realistically in the market. With some basic knowledge and know-how, both parties can be aware of the car’s value, such as:
- Mileage of the car
- Make and Manufacturing
- Color and Variant
- External damages
- Internal damages
- Engine and Battery condition
- Extra fittings on the car
- Service record
- Tire condition
- Insurance validity
Using these criteria, a car’s value is estimated by an evaluator. Apart from this, qualitative factors such as the feel of the car, the cleanliness of the car interior, and the looks of the car can all fetch a good price in the market.
The used car division started off as small subsidiaries, such as the Maruti Suzuki True Value division. Perhaps the most recognized form of used car resale was through true value via Maruti. Now there are so many different types of third-party vendors who help in exchanging cars easily.
There are online resellers as well as many third-party resellers with physical outlets as well. With the growing times, online resellers have become more powerful and resourceful by building a strong network of technicians and evaluators who help in used car evaluations.