Car Valuation in Nigeria 2024: Why you must get a car valuation before selling

Car Valuation – One of the major advantages of buying a car is that it can be sold wholly or even in parts. A car is a good investment option especially in Nigeria because at any point in time, such a car can be put up for sale and there will be someone out there willing to buy it. Sometimes, many people who put up their cars for sale either need some quick cash to balance off a budget or need cash to buy another car, only a few times do people sell their cars for just the purpose of clearing it off.

In Nigeria, when people put up their cars for sale, they mostly need quick cash. And out of the desperation or hastiness of their need they end up selling their cars for a lower amount than the car is worth. Or on the path of the buyer, because the buyer is in a hurry to own a car, ready to pay a huge sum of money more than the car is worth. To avoid scenarios like this, car valuation is very essential. Car valuation helps a seller not to sell his or her car for the wrong amount of money.

What is Car valuation?

Car valuation is simply defined as the total amount of money that a car dealer will acquire a used car for. This means that car valuation allows you to know how much your car is worth before selling it out. A car valuation allows the seller of the vehicle to know the total value of a car, and it helps one to arrive at a good and fair price before selling the car.

Whether it is a used car or you are selling the car in parts, car valuation helps give an informed decision on the price of the car or parts before trading it off. So, rather than selling a car for a very low price, and feeling cheated, always ensure a car valuation is done.

Why you must get a car valuation before selling

If you are still not convinced about what a car valuation entails, maybe understanding the various reasons behind it will help. Some of the reasons for car valuation include:

1) You get the best deal:

As a car seller, you want to get the best value on your car without being cheated. The same does not go for the buyer, who is looking for ways to get the best quality at an off-price. However having a rough estimate of the worth of your car helps you to make an informed decision when putting the car up for sale on the market.

2) Best Deal in Exchange Offer:

No matter the type of car you plan to sell, it is important to always consult a car sales expert because such a person can help find out the value of the car without guessing. Many online car dealerships can help in giving a seller the estimated price of his or her car without planning any tricks. Some car dealers may want to take advantage of a seller’s ignorance but if you are unconvinced about a value, it is important to get as many valuations as you deem fit.

3) You will avoid the problems of fake dealers:

In getting a car valuation, it is important to always be on alert because some car dealers have ulterior motives. They can see a car that is worth a lot of money and because they want o cop such cars for themselves at a cheaper price they tend to value the car at a lower price and end up creating an unsuspecting seller. One of their tactics may include finding a problem that isn’t nonexistent in your car and removing some thousands of naira because of the non-existent problem, and if you are not careful, you agree to sell the car at such a cheap rate and get a lower price than it should value. To avoid this trouble, there are car dealerships online, like CarMart Ng who deal in selling used cars, they can be contacted and your car is valued at its true price without getting feeling cheated.

Before going ahead to sell your car to anyone, it is necessary or best advised to get your car valued to have an episode of ‘Had I Known.’ It will be funny if you find out that your friend who sold or bought a similar car did so for an amount way higher than what you got.

So get your car valued today before selling it.

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