How can I value my car ?

[pennine]

I'm considering selling my stag but am unsure of its value so I wondered how you arrive at a value for selling. I am as far west in wales as you can get soit makesit a bit difficult to get to any classic dealers for assessment.

Thanks

Nigel

[Andy Rundell]

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Hi Nigel,

The usual way is to review the prices of many cars that are currently for sale, trying to get an indication from photos etc. of cars which are in comparable condition to your own, plus those that look better and worse.

Other measure is to keep up to date with current/former owners for the prices thaey paid/received for their cars.

As always, advertised price may not be a true reflection of selling price, plus, if you want to sell you will need to price accordingly - sellers can be dreamers/timewasters just as much as buyers

............Andy

PS. Oh, and never use an insurance agreed value as your selling price, as a general rule of thumb and agreed value cost is often about 70-75% of market value

[ethel]

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pennine wrote:

I'm considering selling my stag but am unsure of its value so I wondered how you arrive at a value for selling.

I agree Nigel it's a problem that I've been considering for a few days along with just how 'honest' one should be in the ad. I mean do you accept that most, if not all, buyers will have expected you to highlight the good bits and gloss over the bad and then leave it up to them to find out; or do you list all the various failings and 'characteristic'quirks of the car along with the to do list of jobs for the coming winter(s) and then have potential buyers put off thinking that if you've listed all those things then what else is wrong that you're trying to hide?

Of course there's the side issue of what happens once the new owner finds this forum if they're not already here and what they could say about you if you follow the first option of giving a glossy description.

When I bought my Stag I found bad bits I wasn't expecting and it's price and value was in the £3000-£7000 band where I think lurk a whole variety of cars with varying degrees of imperfection and dodgyness. Perhaps I'll just put it on ebay and see what happens!

John.

[pennine]

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Thanks for the replies, you can see where I am coming from .

I may just put a sign on it saying offers and let people decide for themselves.

[dasadrew]

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Perhaps you could put it on eBay with a very high reserve to avoid an actual sales contract coming into force, then see where the bidding ends?

[Andy Rundell]

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pennine wrote:

Thanks for the replies, you can see where I am coming from .

I may just put a sign on it saying offers and let people decide for themselves.

 

if you are effectively inviting offers, eBay with a realistic reserve would be a good bet, I have done this twice (one old triumph, one new mini) and had good experiences on both occasions.

But, if you want to sell your reserve must be realistic

.......... Andy