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Getting an accurate valuation for your car can be a tricky business. There are now a wide variety of ways to get a free online car valuation, with many UK websites promising to tell you the value of your car. But are they all accurate? Yes, and no. The value of your car will change depending on how you are looking to sell it and how in-demand your vehicle is at that moment in time.
The most important factor regarding your car’s value is the basic economics of supply and demand. If you have a common hatchback and the market is flooded with exactly the same model in exactly the same colour, then it’s likely the prices will be lower than you might expect on the used car market. However, if you have a prestigious, rare saloon car and only a hundred were made in a one-off factory run, then your car may even be worth more than you originally paid for it.
How much is my car worth?
How much is your car actually worth? It’s a problematic question. First of all, most people tend to over-value their cars by looking at retail prices of cars for sale on classified websites like Auto Trader. This can lead to misunderstanding. Many cars ready to buy on sites like this are from dealerships which include things like warranties, finance and returns policies. Retail prices are not realistic valuations if you are looking to sell to a professional car buyer. You need to research multiple car valuation websites online to get an accurate idea of what your car will be worth when you sell it.
Even if you do your research, make sure you consider what your car is worth via all the selling routes – there are many to consider. Valuations will vary between dealers offering you money, private selling platforms and instant online buyer website.
Used car valuation
When a car is brand new, it’s usually pretty easy to determine its value. The manufacturer will provide dealerships with a recommended retail price, and most dealerships will stick to that. However, with used cars, valuations are much more variable.
With used cars, depreciation comes into effect very quickly with most cars losing a staggering 15 – 35% of their value in the first year. For this reason, things get a little more complicated when trying to place an accurate value on a used car. Used cars also come with all kinds of specs and add ons, and if they’ve been driven for any kind of distance, there will inevitably be damage of some kind, even if it’s a few surface knicks or scratches . Could the gear box be on its last legs, is the cambelt about to break? It can be hard to tell. For private and car buyers alike, it can be very difficult to determine how well a car has been looked after.
Online car valuation
Getting an online car valuation couldn’t be easier, with everyone from Parkers, Auto Trader, Gumtree, The AA, Confused.com, WhatCar and many many more all offering car valuations over the web. The list goes on and on. But which is the best, and is an online car valuation going to be accurate?
Online car valuations can be problematic, for a start, the website hasn’t seen your car in the flesh, these tools therefore have to make a number of assumptions about the condition and history of your car. Many will ask you questions about service history, damage and more but if anything is answered incorrectly then the valuations can vary wildly.
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Incredibly easy process
Best price across all selling sites. Will definitely use again and have recommended to all friends and family!
Sold his Toyota
Motorway got me £6,000 more than a rival service for my Range Rover. Deal was completed through a reputable dealer who completed the sale quickly.
Sold his Land Rover
Very clear and easy to use
I wanted to get rid of my old car quickly because it wasn't worth much money and I had just bought a new one. I received a decent enough offer via Motorway. Job done - no worries!
Sold his Vauxhall
Quick, efficient and extremely professional. Very knowledgeable and helpful staff. Quickest and smoothest car sale I've experienced in the last 50 years.
Sold his Audi
Really happy with the service
Got me an excellent price within 48 hours. Dealer came to pick the car up a few days later. Took all the hassle out of it! Would definitely use again.
Sold his Mazda
From start to end the process was seamless, excellent service, good variety of quotes, communication was clear and concise and would thoroughly recommend using again.
Sold her MINI
Very straightforward service
Received a fair offer which made it not worth trying to sell privately and the money was in my bank within 20 minutes. This service really was outstanding!
Sold her BMW
Motorway were fantastic
They kept me well informed and within 24 hours the car was sold. Very happy and hassle free. Highly recommend and would use again.
Sold his Volkswagen
Everything it said on the car
Wife needed a new car so the old one had to go, using Motorway was absolutely painless with really good service. They did everything that was said. Brilliant service and payment as stipulated.
Sold his Ford
Absolutely would recommend
The team were sooo friendly. And everything went smoothly. The payment went in the bank within minutes. If you want to sell your car quickly with a good quote, definitely go with this company.
Sold her Citroen
Really easy website to use. Staff on the phone professional and quick with follow up calls at each stage. Got me a great offer - almost £2k more than another well known car buying service.
Sold his Audi
Much better offer
Got a much better offer from Motorway than a well-known national used car buyer. Very professional and efficient collection at a time to suit us. Highly recommended.
Sold his Renault