Can I just say that valuing cars is quite easy these days.
Unlike years ago you were only pricing cars to SELL against the dealers in your town. These days you comfortably need to do it with a 60 mile radius. For rare and unusual cars its further or even nationally.
The problem we all have parting with a car is that we have an emotional attachment to it, you have loved and cleaned the car every week, and to you it’s worth more than pounds and pence.
To everyone else however, that is to say the buying public, it is they who ultimately reflect what cars will or won’t SELL for.
So, as a simple way to understand what your car is worth, and what it will HOPFULLY sell for (bearing in mind dealers can still get their fingers burnt depending on market shifts)
1/ Log on to Auto trader
2/ Research what similar cars are selling for in the TRADE section. Bear in mind that you may need to choose upwards of a 60 mile radius, but it must me as similar as possible.
3/ Take off a minimum of £1500, but plus any issues the car may have i.e. tyre wear paint damage etc.
4/ This should give you the cars approximate TRUE value.
Now then the £1500. This will be the dealers margin. Please bear in mind that this margin with reduce every 2-4 weeks he/she hasn’t sold the car. If the car researched above is dropping in price so is yours.
In addition the dealer will also have to provide a warranty, reconditioning and pay tax on whatever is left.
This formula also works for the car you are looking to buy, In other words if there are two dealers and one guy is offering you, for example £500 more in part exchange, make sure the car he is selling you isn’t £500 too expensive!
I don’t want this to sound too patronising, but my job ain’t rocket science, but I can understand how shocking this can appear if you don’t do it every day. This in the cold light of day it is a business transaction, so emotions need to be left at the door, either sell or buy, or dont sell or buy. its this gap which is the true cost of motoring, but the choise is yours.
Anyway hope this helps a bit