Talking about the scenario when someone wants to exchange old car and buy new car, bunch of automobile dealers from various brands provides many exchange offers on old car. Instead of selling his pre-owned car to an unknown buyer, the user exchanges his four-wheeler with the new one from the same dealer. For this exchange, the individual gets a price reduction on the new vehicle. The estimated price of the used car is calculated by the showroom’s inspection team. They estimate the value of the former vehicle by keeping various parameters in mind, such as model as well as variant, manufacturing year, odometer reading, physical condition and many more.
Companies, such as Hyundai, Maruti Suzuki, Honda etc, evaluate car from the same brand at a higher price than the car of any other brand. If a person wants to exchange the Maruti Suzuki Alto for the Maruti Suzuki Dzire from Maruti Suzuki showroom, then the person will receive more money than he would have received for the vehicle of any other brand other than Maruti Suzuki. Car Exchange offers seem to be a great option to upgrade your old vehicle with the latest one, but is it? Let’s dig a little bit to find out more.
Factors affecting Car Exchange Value
We often notice that when people exchange their used vehicle with a new one, everyone gets a dissimilar price for the same model and variant. People might be wondering, why is it so? The value of the vehicle is estimated by evaluating various parameters, which everyone should be aware of. So, let’s look at the factors due to which the value of the four-wheeler gets influenced:
• Model and its Variant
The value is influenced mainly due to the model of the vehicle. Luxury models get a higher valuation than any other mediocre or low grade cars. The top-end variant of the similar model also gets the elevated price tag.
• Manufacturing Year
It is quite obvious that the year of manufacture deeply affects the exchange value of the pre-owned four-wheeler. The newly manufactured car will be valued more than the old vehicle belonging to a similar model. For example, the Hyundai i10 manufactured in 2015 will get more price than the similar model which was manufactured in 2010.
• Odometer Reading
It must be noted that the Odometer reading (the distance traveled by the vehicle) is inversely proportional to the exchange value of the car i.e. the more the distance travelled by the vehicle, the lesser would be the price.
• Physical Condition
The first thing which attracts the eyes of any individual is the physical overview of the automobile. The price gets affected due to the physical parameters like color, number of dents and scratches, working condition of headlights, wipers, AC , interior condition etc.
Disadvantages of Car Exchange Offers
It seems that car exchange offers are best deal for an individual but there are a number of other factors from which people are unaware of. So, it is important to know about the true face of the car exchange deals before jumping to any far fetched conclusions. Only after getting the correct picture of the offers, one can make the right decision. So, let’s quickly jump on to the elements which will show the exact color of the used car exchange offers.
• Lower Valuation
When people go to exchange their pre-owned automobile for a new vehicle, the dealer of any brand offers lower valuation as compared to the value which one might get by selling to an individual buyer. Due to many depending factors, the exchange price of the used car gets reduced. While if one sells his vehicle directly to the individual buyer, he can get a much higher price.
• No Chance of Negotiation
While dealing with big brands, there is no chance of negotiation for the seller. The valuation of the vehicle estimated by the experts and a person has no saying in determining the price. The person does not get the satisfactory amount for their used car due to their stiff pricing due to lack of negotiation.
• Marketing Gimmick
To get the maximum attention of the buyers, various dealers use car exchange offers just as a marketing gimmick. Many car dealers provides on paper benefits on exchanging old car for new one to their customers. There are a lot of hidden terms and conditions which one gets to know only after visiting the showroom.
• No Hard Cash is Exchanged
In the car exchange offers, the hard cash is not exchanged in the whole deal. Thus, if any individual wants to have hard cash in his pocket, he can not do so. But, if that person sells his vehicle to any other fellow, he will receive the cash which he can use for spending on any other stuff.
• Chances of Fraud in Online Exchange Offers
There are a lot of car dealers which provides online car exchange offers. While it sounds convenient and easy for the seller, the real scenario is quite different. Many unauthorized dealers are also present in case of online automobile exchange. These types of offer require you to fill various personal details which may increase the chance of getting your information into the wrong hands.
Why prefer CARS24 over exchange offers?
Instead of exchanging the vehicle, one should prefer to sell their car directly to the buyer. CARS24 is the name which always comes to the mind while selling pre-owned cars at the right price. The reason CARS24 is the first choice for sellers is because of the following services provided by the brand:
1. Extensive evaluation - At CARS24, a car is extensively evaluated on multiple parameters. This evaluation is done by a professionally trained evaluator and thus this helps in determining the right price.
2. Right Price Assured – CARS24 provides the right price as compared to any other second hand car dealers.
3. Payment Transfer gets Easy – CARS24 does instant payment to a seller’s bank account.
4. Free RC Transfer – CARS24 provides the facility of free Registration Card (RC) transfer. Check RC Transfer status here.
Cars24 focuses more on the customer’s satisfaction and always believe in providing high quality services. The primary mission is to gain long term trust from its delighted customers. So, no need to exchange your vehicle at a much lower price on any showroom.