Since the global pandemic has slowed the production of semiconductor chips and subsequently affected new car assembly globally, we have seen a shortage of new cars, and indeed, the price of pre-owned products skyrocket. Despite the hike in pre-owned car prices, it is entirely possible that that car you have your eye on is overpriced, so how do you ensure that you are paying the right amount for your next ride? We have a few ways that you can avoid this.
Compare, compare, compare
Since you have access to a large motoring marketplace in the form of AutoTrader, you can fill in the specifics of the vehicle you are looking at and have similar vehicles with which to compare pricing.
Do an evaluation
At AutoTrader we have developed a Car Valuation tool that will allow you to put the details of the car you are after into our system in order to determine an approximate value, allowing you to see what you should be paying.
Inspect the roadworthy
The vehicle that you are purchasing should go for a thorough inspection before you go ahead with the deal, so have a good look through the report and ensure that there are no glaring issues that will cost you down the line. Also, use this inspection report as a negotiation tool to ensure that you are paying the right price for the vehicle in question.
Use our data
The AutoTrader Industry Report 2021 is a handy guide, providing the average mileage and price for six of the most popular vehicle body types, which can be used as a reference when shopping for a pre-owned vehicle.
