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Used car valuation

Know the Real Value of Your Pre-Owned Car for Free

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What is Used Car Valuation

Used car valuation is the process of determining the market value of a pre-owned vehicle. It is an essential step when buying or selling a used car, as it helps both buyers and sellers gauge a fair price for a vehicle based on various factors such as the car's make, model, year of manufacture, mileage, and overall condition.

 

How the Used Car Valuation Calculator Works

Step 1: Enter Car Details

Start by entering your car's make, model, year of manufacture, and variant. This information helps the calculator understand your car's specifications.

Step 2: Provide Additional Information

For a more accurate valuation, you can provide additional details about your car's condition, mileage, and any other features it might have.

Step 3: Receive Instant Valuation

After submitting the required information, our calculator will swiftly process the data and provide you with an instant estimate of your car's value.

Get a great price for your used car on CARS24

At CARS24, we have bought and sold 6 lakh+ cars, and with the learnings from this data we have established several factors that contribute to the depreciation of a car. Brand, model, variant, internal and external condition, odometer reading, car age, and accidental history are some of the obvious factors considered when calculating a car’s depreciation. However, one must also take into account more aspects of a vehicle such as expected maintenance cost over time, documentation like (insurance, loan NOC, road tax), duplicate key etc. You can get an online CARS24 valuation for your car in minutes with our car valuation calculator. Our Smart AI Pricing Engine, combined with the largest dealer network in India, allows us to track real time market demand and offer you the right price for your car.

What Depreciates Your Car Value

  • Age: The older the car, the higher the depreciation
  • Mileage: Higher mileage leads to more wear and tear and lowers a car’s value
  • Brand and model: Brand popularity and reputation impact market demand
  • Condition of the car: Well-maintained cars depreciate slower than neglected ones
  • Technological advancements: Older cars may depreciate faster due to outdated tech
  • Government policies: Policy changes such as a ban on diesel vehicles can affect the value of certain cars
  • Insurance history: Clean insurance records may positively impact resale value

Importance of Used Car Valuation

Using an online used car valuation tool gives you the accurate resale value of your car and helps you make an informed decision when you plan to sell it.

 

  • Accurate Resale Value: Knowing the current value of your car is crucial, especially when you're planning to sell it. Our car valuation calculator uses advanced algorithms to provide you with an accurate estimate of your car's resale value.
  • Informed Decision-Making: When you're in the market to buy a new car, knowing the value of your old car helps you make informed decisions. You'll have a better idea of how much you can expect to get when you trade in or sell your old vehicle.

Frequently asked questions

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