Some of us are still in the dark about the true value of our car – however, we can now check the facts thanks to car information experts CAP Automotive.
It means that 1 in 3 motorists who plan to sell, or trade-in, start out believing their car is worth more than it really is.
The findings come from customer feedback on CAP’s free used car valuation tool at www.cap.co.uk/consumer which was launched earlier this year.
It also reveals that going into negotiations armed with an independent and accurate value helps 90% of sellers ultimately achieve a good trade-in price.
Buyers have also overwhelmingly benefited from checking the genuine market value of their intended purchase, according to 83% of customers who said a CAP valuation boosted their confidence in choosing a car at the right price.
CAP have been the go-to people for motor trade professionals seeking independent expert vehicle valuations, since the famous ‘Black Book’ guide to trade values was first published in 1979.
But this year CAP threw open some of its trade services to consumers too, providing free car valuations and unique forecasts of the total cost of motoring for every type of car on the road.
Philip Nothard, consumer valuation expert at CAP Automotive, said: “Setting out to sell or trade-in your car can be a daunting prospect, but knowing its true market value really helps to boost confidence and avoid unexpected disappointments.”
“The feedback from people who have been using our free valuation service shows that discovering the real value of your car before you go into negotiations overwhelmingly leads to a better experience.”
“Good dealers also welcome well-informed customers who understand the true value of their own car. A confident customer is more likely to be satisfied with the deal than someone who mistakenly believes the dealer is trying to rip them off.”
Leave a Reply