How to find out the price of your used car on the internet

The car trade is booming on the internet. But the business with used cars is not only done by the professionals of the industry. Because especially in the case of private deals, there are financial advantages that make car exchanges interesting for sellers and buyers alike.

After all, everyone would like to save the dealer’s profit margin. But how can you as a seller set a realistic price or as a buyer estimate how much a car is still worth?? these are the questions that the providers of online vehicle valuations promise to answer. Using search tools, you can find out the current market value of a model free of charge or for a fee. In the course of a comparative test, the internet portal vergleich-autokredit now puts.Com the car valuers from schwacke& co. With their offers before and investigates the benefit of the service for private sales.

Excerpt from the vehicle valuation comparison test by vergleich-autokredit.com

Schwacke list: private individuals pay a fee for the professional valuation tool

The professional used car dealer does not simply calculate his prices on the basis of his gut feeling. As a rule, he looks up the so-called schwacke list, which provides the industry with the reference values for the purchase and sales price for each model. The company eurotax schwacke has its own database, which can also be accessed by private buyers or sellers of used cars. At schwacke, you can evaluate all current car models up to twelve years old in detail according to special equipment features. Finally, the price report can be printed out with the dealer purchase price and the dealer selling price. However, your personal schwacke list is not completely free of charge. A processing fee of 7.90 euros is charged for the use of the valuation tool.

Free tools: TuV, DAT and car exchanges deliver different results

A free tool for determining the residual value of cars is offered by deutsche automobil treuhand (DAT), which estimates all common vehicles according to year of manufacture, mileage and other characteristics. However, extras are not included in the DAT price. TuV sud and TuV nord also rely on DAT data for their free online vehicle valuations. The free rating tools of the major car exchanges such as autoscout24 and mobile are easy to use. The portals work with their own data pools, which are fed by the data of professional and private car sellers. On this basis, you can calculate a statistical average market value for most models. The online used car dealer wirkaufendeinauto and the service provider autofokus24 also offer free price estimates on the internet.

Price ranges: why vehicle valuations sometimes vary widely

What is immediately noticeable in the comparative tests of used car valuations: depending on the provider, the prices determined vary quite considerably. If you have a good seven year old VW golf appraised, the values displayed can range from around 3000 euro to around 5500 euro. But there are two simple explanations for such discrepancies. Firstly, not every tool takes into account extras in the equipment that drive the price upwards. Secondly, the data basis varies depending on the search system used. In the case of car exchanges, for example, the non-negotiated advertising prices together with the more expensive dealer offers are included in the estimate of the market value.

Practical tests: appraisal tools offer only guide values for price determination

To arrive at a realistic price estimate, you would do well to use several tools. In practical tests, all of them have proven to be reliable in their own way. However, the schwacke-liste still enjoys the highest regard in this respect. By the way, all professional used car appraisers assume that your car is in top condition apart from the usual signs of use. If this is not the case, you will have to classify your vehicle within the price range determined, taking into account the visual and technical condition in the end anyway. So regardless of whether you test schwacke or another provider: all results on residual value, average or market price are to be understood as an orientation aid for your own pricing. no used car appraisal offers the guarantee that you will be able to achieve the determined price on the market. On the other hand, the vehicle ratings provide good arguments for price negotiations.

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Christina Cherry
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