Want to sell your car at an auction and you are wondering what price to set your car at? There is always some sort of debate regarding the price to sell a car at as if you set a price and it is sold quickly, you will find yourself wondering if you should have pushed the price up. If it is not being sold fast enough, then you will wonder if the price is too high. Unfortunately there is also no exact science in the price setting of a car to be sold. The value of a vehicle is determined by a number of factors such as mileage, accident history and its condition. You can often get guides on the value of your vehicle by visiting a number of dealerships who will inform you on what they would purchase your car for.
Another factor that may influence the price that you sell your car at an auction for is the model of the vehicle. Some car models have a reputation for being unreliable or be of poor quality. This can therefore sway the price at an auction. Another factor is the workman ship of the vehicle or the fuel consumption of the vehicle. With ever increasing petrol and diesel prices, you can be assured that the chance that a petrol guzzler will be purchased over an economic vehicle will be slim.
So when determining what price to sell your vehicle at auction, there are a number of prices that you need to consider. Firstly the trade in value, which is the price a dealer would give you to place towards the purchase of another car at their dealership. Another price to consider is the retail value of the car, which is the price that dealerships are selling vehicles of the same model and similar mileage to others. It has been said that smart sellers will take the retail price of their vehicle and add ten percent to the price and this is what they should sell them at auction.
It is important to note however that auctions are entirely dependent on the value that the bidders see in your vehicle and therefore you have to have two prices that you will be willing to accept for the vehicle. The first being that of the ideal value you wish to receive, the second value being that of a lower amount. Somewhere between the lower amount and the desired amount is the amount that you should request that the bidding start at auction. Therefore should the buyers see value in the vehicle, there will hopefully be a bidding war and you will be able to obtain the price that you desire for the vehicle.
However, it is important to note that most auction houses will require you to pay a registration fee with them in order for them to place your vehicle on auction. Once this has been paid, they will take full responsibility in the selling of your vehicle. There are a number of ways in which you can ensure that you receive a higher price for the vehicle. Firstly, ensure that any faults with the car are mended before the car goes on auction. This includes any nicks, or scratches, as well as any mechanical or electrical faults. Secondly, ensure that you have a full service history as this will help persuade potential buyers to purchase your car over that of another seller. I hope that this helps you in some way to sell your vehicle at the price you wish to receive for it.