How to establish how much money your car is worth

[BusinessTech]

How to establish how much money your car is worth

William Miller and Renaldo de Jager, co-founders of new online auction platform auction.co.za, share their advice on the ins and outs of buying or selling a car.

 

[Lord Farquart]

I just sold a 10 year old vehicle for R140 000. By your paid for advertiser expert’s calculation, I should have given it away. You should fact check your articles.

 

[supersunbird]

I just sold a 10 year old vehicle for R140 000. By your paid for advertiser expert’s calculation, I should have given it away. You should fact check your articles.

Are you talking about the 1% depreciation per month? Did you factor in inflation with your objection? Because the price can be static or even grow, and still be depreciating.

 

[rietrot]

Do a search on the Internet for simular cars and depending on the condition yours is probably in the middle of the range.


Doing calculations on depreciation is stupid.

 

[Lord Farquart]

Are you talking about the 1% depreciation per month? Did you factor in inflation with your objection? Because the price can be static or even grow, and still be depreciating.

Was that mentioned in the advertisement? If not, irrelevant. People here are tech-savvy, not streetsmart.

If you don’t say what you mean, then you are saying it wrong.

 

[Lord Farquart]

Are you talking about the 1% depreciation per month? Did you factor in inflation with your objection? Because the price can be static or even grow, and still be depreciating.

Did exactly that. Pitched both my cars at the bottom of the price range and sold both to the first callers. Who needs experts!