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Have you been in a situation where you wonder what the true value of a vehicle is? This usually happens when you are about to buy or sell a vehicle.

Have you been in a situation where you wonder what the true value of a vehicle is? This usually happens when you are about to buy or sell a vehicle.

Here are some simple steps to follow to get a worthy value of the vehicle you are planning on buying or selling:

  • Request the seller for a valuation report to ascertain the true value of the vehicle.
  • Before selling, always involve a valuation company to conduct a valuation of your vehicle.
  • If you are under a tight budget when selling your car, you can get a mechanical diagnosis done at around 5000-10000 KES, from place like Toyotsu Mart. You can present this to prospective sellers. This will help you maximize on the selling price if your car has had some TLC.
  • Visit some car dealerships which can give you a trade-in value if selling or buying a car.

Ready to Compare Insurance?

  • Visit some websites that sell cars. Examples of some of the common ones are OLX, Cheki and Kenyacarbazaar.com among many others. Keep in mind that the value of your car affects your insurance premium by either raising or lowering it.
  • After comparing market prices of the vehicle you want to sell, try putting it up on sale with an open window for negotiation according to your research. It is good to also factor in the cost of purchasing insurance in your price. This way you wouldn’t have to dig into your pocket to get money for insurance.
  • If you are buying a vehicle, conduct the following steps in order to help you negotiate on price if market price does not work. First meet the seller in an open place, take the car on a test drive, check all electrical components of the car if in working condition, check the interior and exterior of the car, check the condition of the engine with a mechanic, cross check all documents and do a search of the logbook online (so that you don’t buy “air”) and lastly, conduct a second test drive with a friend.

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