Getting the maximum value for your trade-in.
The trade-in option from CMH Mahindra Pinetown is more convenient and better because there is an abundance of vehicles available to choose from and everything is easy and hassle-free for you. No need to contend with the drawbacks that you tend to get when selling your vehicle privately. The information below from CMH Mahindra Pinetown will help you understand how prices are determined and how to find out the worth of your vehicle.
The market for used vehicles fluctuates daily so you can never get a real price. There are several ways to know a vehicle’s value:
• The age of the vehicle.
• The condition of the vehicle.
• Mileage of the vehicle.
• The quality of repair work and the popularity of the vehicle.
• Extras on the vehicle, whether they are factory fitted or not.
• The demand for used cars in the used department. As a result, consumers may naturally stop spending when the rand value is affected, and fuel prices rise.
How trade-in values are determined
The Autobid Guide is widely regarded as the must-have vehicle information resource for used vehicle trade-in and retail values. Every month, Autobid receives information from major dealerships nationwide on typical trade and retail prices. This information is then evaluated on a central database to provide retail and trade values contained in their guide.
It’s important to remember that the retail prices of vehicles you see on showroom floors or on websites such as Auto Trader include the dealer’s markup and any services it had to do or parts it provided to make it sale ready. The trade price (also called ‘book value’) of a car is the average remuneration paid for used vehicles by major used dealerships linked to the Autobid database.
How to get an accurate trade-in estimate
There are many ways to determine an average value for your model of vehicle, and it’s a wise idea to apply the following methods to arrive at a reasonable trade-in value:
Do online research: Look for similar models/year of manufacture as your vehicle on the likes of Autotrader and Carz.co.za to see how much they typically sell for.
Call a few dealerships: They may not want to give you an estimate without seeing the condition of the vehicle first, but it might give you a rough idea. Be sure to ask for an estimate from a dealer who specializes in your brand of vehicle.
Use an independent source: Autobid vehicle Value Report offers insights into the retail and trade-in value of your vehicle.
Why is an accurate trade-in value so crucial?
There are many obvious reasons to know the price you should be getting for your vehicle. These include making the most money on the deal, getting a better set of wheels and not feeling exploited by motor dealerships. However, it’s also helpful to know the value of the vehicle to work out your budget. You can compare running costs with the new vehicle you have in mind, as well as what the insurance premium will be.
Start your spring journey with Mahindra
Visit us at 📌167 Josiah Gumede Road, Pinetown
Or call us on ☎ 031 001 2270
Or visit our website at 🌐www.mahindrapinetown.co.za for amazing deals.