How do I find out how much my used car is worth?
You've been driving your car for a while now and perhaps you're thinking of selling it or trading it in for something different. Knowing how much you can expect to receive if you sell or trade your car in will help you plan your next purchase. This information can be found in a few different ways and we'll show you how. The easiest way is to make use of our free online valuation tool. Click the link below to get started.
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How to find out how much Renault Kwid is worth
If you're looking to find out how much your Renault Kwid is worth, you can try a few different methods. You'll be able to swing by a dealership and they can tell you what they would be prepared to offer you on a trade-in or a consignment sale. This will vary from dealer to dealer though, depending on how much mark-up they anticipate placing on the vehicle if they were to sell it.
Your insurance company will be able to give you a market value on the vehicle as well. A quick call to them will quickly give you an indication of how much your car is worth. Alternatively, our online evaluation, which uses live market data to give you an accurate and free evaluation of your vehicle.
What affects the value of your Renault Kwid?
The value of your Renault Kwid will be determined by several factors. Of these will be the make and model as well as the trim level. It's important to know the make, model, trim and year of manufacture of your Kwid in order to be able to get an accurate report of how much your vehicle is worth.
The mileage, service history and overall condition will also influence how much someone will be prepared to pay for your vehicle. While the mileage will come into play when you submit an online assessment, the assessment cannot factor in the condition of the vehicle or account for the service history.
The average South African travels between 25 000 and 30 000 km each year and mileage in excess of this will result in the car being classed as high mileage, negatively affecting its worth. The same goes for the service history; an inaccurate, missing, or irregular service history will cause concern for prospective buyers - they want to know that the car they're buying has been looked after.
Unrepaired damage, scratches, dents or broken parts only passes the costs onto the next owner. Any damage (outside of regular and reasonable wear and tear) reduces the value of your vehicle.
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Do Renault Kwids hold their value?
The Renault Kwid is known for being an affordable city car. Not only is it affordable to run but the initial purchase price is agreeable too. In 2019, when the updated Renault Kwid launched, a 1.0 Dynamique model would set you back approximately R155 000. As it stands, 2019 models with low mileage are retailing for around R140 000, indicating that a well-looked-after, low-mileage model will retain its value in the years to come.
Sadly, with the Kwid's popularity, many have been damaged and are higher mileage models. These do not fare as well and you'll see them retailing for R120 000.
How to increase the value of Renault Kwid
To get the most value for your vehicle, you need to play a careful game of assessment. Fixing minor faults will help make your vehicle more appealing and will allow you to extract more from the sale. Taking care of the small dents, scratches and faults will help ensure that the future buyer doesn't have any leverage to negotiate with.
A good move to make is to take your car for a good valet and polish. It will make the car present well and give the prospective owner a clear idea of its true condition. Ensure that you also have all your documents and paperwork in order, and that includes any receipts you have for repairs, services or replaced parts.
