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Why should I get a car valuation from Cars24?
ValueCheck by Cars24 is our proprietary valuation model, a key component of our comprehensive car valuation services based on data from 70,000 car listings processed each month. This includes the analysis of listing and delisting prices in the used car market, to find the best estimate for each car's current market value.
Factors impacting my car’s valuation
Mileage
The number of kilometres on the car's odometer significantly affects its value. Higher readings typically result in lower resale prices.
Location
The location of the car in Australia can impact its market value due to regional demand and supply dynamics.
Car age
As time passes, the value of your car depreciates. Older cars generally command lower prices in the market.
Type of car
Whether it's a practical SUV or a luxury vehicle, the size, shape and make of the car plays a crucial role in determining its market worth.
Popularity
Cars that are in high demand but low in supply tend to retain higher market values than those that are not as popular and easily available
Car condition
This includes both visual aspects like scratches, dents, overall wear and tear, as well as any faulty feature functions, that can influence a car's value.
Selling your car is easy and simple
1
Enter your car details
2
Book an inspection online
3
Get the evaluation and payment online
4
The car will be picked up from your home
5
We will transfer your vehicle's registration
What is the current market value of my car?
Discover the value of your car with Cars24 If you’re in the market to sell a used car, our free online car valuation calculator provides competitive prices within minutes. We have a streamlined process to ensure a hassle-free experience, including quick cash deposits directly into the bank account and convenient vehicle pick-up from the location.
Avoid dealership visits and negotiations with Cars24's online platform, which effortlessly enables the buying, selling or trading of a pre-loved car. Use our proprietary valuation system, ValueCheck by Cars24, via the car valuation calculator for an instant quote that meets or exceeds market value with no obligations attached. Secure the best price for a used car effortlessly with Cars24!
Frequently asked questions
What are some of the reasons for getting a car valuation?
Knowing the value of your car is important for selling, trading, or getting insurance. Car valuations can ensure you get a fair deal and make informed choices.
Should you buy or lease a car?
Buying a car means full ownership after payments, eliminating future monthly costs. It allows for personal modifications but demands a larger upfront investment and ongoing maintenance expenses as the vehicle ages. On the other hand, leasing offers lower monthly payments and the opportunity to drive new vehicles regularly, typically with warranty coverage for maintenance and repairs. This option suits those who prefer newer features without the commitment of long-term ownership. However, at the end of the lease term, you do not own the car, and there may be restrictions on mileage and penalties for excessive wear and tear.
As a buyer, how can you determine the value of the car you want?
Being a buyer, it's important to do your homework when figuring out the worth of the car you want. Check out CARS24’s site for quick market estimates based on the car's details. Look at prices in your area to see what's going on in the market. You can also get a mechanic to inspect the car thoroughly to ensure you're getting a fair deal based on its condition and the market.
How do you choose the right type of car?
The right type of car entirely depends on factors like your lifestyle, budget, and preferences for size, fuel efficiency, and safety. We think cars like Škoda Karoq, Volkswagen Golf, Volvo XC40, and Kia Sportage are good for small families. Larger families may find suitability in vehicles such as the Kia Carnival, Hyundai Palisade, and Nissan Pathfinder.
Is it better to keep your current car or trade it in?
Keeping your current car is cost-effective if it's reliable, has low maintenance costs, and meets your needs without major issues. This avoids new car depreciation. Alternatively, trading it in applies its value toward a new vehicle, which is beneficial if repairs are costly or features are lacking, though selling privately may yield higher returns.
How can I ascertain the market value of my car before making a sale?
If you're wondering, ‘How can I determine the market value of my car?’, you can start by researching similar listings online and using reputable car valuation tools.
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