How To Price Your Used Car

By: Castlegar Toyota   |   05 Jan 2017
Woman sitting with a notepad

It looks like it's time to sell or trade-in your old car, but the task seems daunting. Castlegar Toyota can help.

We get it - selling a used car can be a bit of a headache. That’s why we’ve made the process easy with our no-obligation free vehicle appraisal. As experienced buyers and dealers of new and pre-owned vehicles, we’ve successfully sold hundreds of vehicles over the years and have learned a thing or two along the way.

We’ll take a look at your vehicle and give you a free and honest estimate of what we believe it’s worth. Plus, we’ll buy your car from you, even if you don’t buy one of ours.

What’s the Trade-In Value?

If you’re shopping around for a new vehicle, it’s important to know your vehicle’s approximate trade-in value before you visit the dealership. This will give you a realistic idea of how much you can expect to spend on, or put towards your new vehicle via a financing or leasing program. Keep in mind every vehicle has a different history, so have a range in mind rather than an exact figure.

If your old used vehicle is worth $10,000, you could either shop our used cars under $10K, or use that $10K towards a newer model that still reflects your budget. You can start by looking around online to see what your older model is going for to get an idea of what it might be worth. The best way to be sure is to bring it to us for a free trade-in appraisal. We’ll take a good look at the interior and exterior of your vehicle, ask you important questions about its history and come up with a fair price that will help get you behind the wheel of a new vehicle in no time.

What About Future Value?

Time and time again, we hear that the minute you drive a vehicle off the lot, it loses at least half its value. Unfortunately, thanks to depreciation, you will never make the same profit on your vehicle as you bought it for. So, even if you bought the vehicle for $35,000 and drove it for two months before getting bored, you definitely won’t get your $35,000 back, and probably not even $30,000! It’s important to remember this when coming up with a fair asking price.

Depreciation is probably the most expensive downfall to vehicle ownership and it’s something you must be prepared to discuss. One of the best things you can do is to purchase a Carproof report and have this on hand for potential buyers so they can see exactly where and what your used vehicle has been through. CarProof is a detailed report that shows everything from minor vehicle repairs to full-blown accidents and collisions, legal status, history of ownership and much more.

Talk to Castlegar Toyota about CarProof for more information.

Determine An Average Asking Price

Your vehicle was one of thousands created by a manufacturer at some time or another. For that reason, there’s a good chance that somebody else is selling the same vehicle you are currently trying to get rid of. When you check out the inventory at other local dealerships or browse sales online, you can get a better idea of what the average asking price is for your vehicle’s make, model and year.

At Castlegar Toyota, we examine the market every day and examine our networks to see what similar vehicles are selling for. By doing so, we can give you the most up-to-date asking price on your vehicle. If you’re curious to see what other models are going for, you can use our CarFinder tool to narrow the search right down to the exact same one, so you can compare pricing near and far.

Are you in the process of selling your vehicle and aren’t sure how to price it? Let Castlegar Toyota take the hassle out of the buying process with a free trade-in appraisal. Once we agree on a price, you can hand the responsibility of selling over to us, while enjoying a generous return profit and the peace of mind you need to start shopping for a new car.

Call us today at 1-(877) 969-1929 or contact us online for more information.


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Sales: (250) 365-7241Service: 1 (877) 790-3796