Orangebookvalue.com - Used Vehicle Pricing Calculator
  • Home
  • What Is OBV
  • Why OBV
  • How It Works
  • Get App
  • Vehicle Price
  • Enterprise Login
  • Valuation Report
  • Print Edition
  • Location
Orangebookvalue.com - Used Vehicle Pricing Calculator
Please Confirm Your Location
DL 4S M
4432
HR 01
F132
UP 01
F132
KA 01
F132
TN 02
C570
TS 01
F132
MH 01
F132
WB 01
F132
  • Home
  • global
  • blog
  • how to increase the resale value of your car
June 1, 2021
500 Milestone OBV

How to increase the resale value of your car?

Getting the right price for their car is probably the most important factor for any seller. How many deals have seen fall flat because of the difference in the opinion of both the parties regarding the selling price of a used vehicle? All those lengthy negotiations and back and forth quotations do not yield any result if they are not well within the expectation of a seller. While on one side, as a seller, you rightly want to receive the best price, on the other you cannot expect a buyer to overpay for a vehicle in bad condition.

So, how do you carry out a seamless transaction and ensure that you get the maximum value for your used vehicle?

First, make sure that the vehicle is up and running in top condition!

Your vehicle is old does not mean that it no longer must go for regular servicing. Owners tend to simply park their vehicle for a long time and when they finally take it out, there is more than just rust and dust.

Regular maintenance and servicing

A buyer, just like the vehicle owner, does not want to spend months and months to find the right vehicle. The first impression here is the overall vehicle maintenance which includes a clean body and proper sound of the engine. There are times when just to bring the selling price down, buyers might try to point to some faulty component or part.

To keep all of it to a minimum, you can get the vehicle history certificate online as certified proof of regular maintenance. You can even highlight the vehicle performance with respect to the quality of the vehicle component.

Get rid of dents and blemishes

Get rid of those dents. However small they might appear; they tend to impact the market price of a vehicle. Also, worn-out paint might not be helpful to get the optimum price for your vehicle. So, if you see any dents and scrap on the body, it is better to sort it out before you go out to sell the vehicle.

Check Fair Market Price beforehand

You do not have to run to your local dealership shop or travel around the city. Simply, use the used car valuation tool to find the fair market price of your vehicle. This will help you show an unbiased valuation of your vehicle. You do not have to get into unnecessary price negotiations when you have a certified report of the exact worth of your vehicle.

Do not forget the documentation

You must have all the necessary vehicle documents handy with you. So, be it the vehicle history record, RC, Service record, insurance, or other documents. Make sure that you have them handy to show them to potential buyers.

The above-mentioned are an important set of points that will help you increase the resale value of your vehicle. So, make sure you follow them and if you are one of those who have got a used vehicle parked for a long time, it might be just the time to take it out for servicing.

Go online for an unbiased used car valuation

Today, online automobile marketplaces are redefining the used vehicle buying/selling journey. As a seller, you do not have to wait for the buyers or sell your vehicle in haste. Go online to list your car on Droom. The company lists every vehicle with a fair market price approximation and uses the expertise of trained industry professionals to determine the true condition of a used vehicle with a 121-point ECO inspection check-up. So, when a buyer checks out a listed vehicle, all the necessary performance and Vehicle history records are already available for them.

Share
About OBV
  • What is OBV?
  • How to Determine Condition?
  • Methodology
  • Glossary
Offerings
  • Print Edition
  • OBV Enterprise
  • Used Vehicle Price
  • Used Car Price
  • Used Bike Price
  • Used Scooter Price
  • New Car Price
  • New Bike Price
  • New Scooter Price
Media
  • Blog
Let Us Help You
  • Support
  • FAQs
Also Available In
  • India
  • Singapore
  • Thailand
  • Malaysia
  • UAE
  • Saudi Arabia
  • Kuwait
  • Oman
  • Qatar
  • Bahrain
  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Hungary
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Malta
  • Netherlands
  • Poland
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Australia
Privacy Policy | Terms of Use
What Is OBV?

Orange Book Value is a platform that helps in determining the fair market price of used vehicles. It is basically an algorithmic pricing engine that suggests market value of used cars, used bikes and used scooters. Questions like what is the value of my used car or used bike come to our mind when we decide to sell it off. However, we do not get to understand the proper valuation of our vehicles.

In order to come up with a proper used car valuation or used bike valuation, Orange Book Value uses real time data science to value depreciation of automobiles. It helps the sellers put a fair price in front of the buyer, and for the buyers, it helps them get a product that serves great value for their money. This is a service by droom, which was founded by Sandeep Aggarwal.

Why OBV?

Orange Book Value works as an independent value calculator for cars, bikes and scooters that determines second-hand vehicle prices. It uses Droom's proprietary technology and data science to come up with fair market price of used cars, bikes and scooters, and utilises scientific data to get the exact value for the vehicle. The primary objective of this used-vehicle price guide is to get the fair market price for second-hand vehicles.

Another reason for using Orange Book Value is its unbiased results that help in obtaining reliable data on used-vehicle pricing. Also, it is the kind of valuation tool for used scooters, bikes and cars that calculates the data on real-time basis with a scientific method of suggesting their current market value.

How Does It Work?

To get the fair market price of your used vehicle, you need to follow just four simple steps. At first, you need to select the purpose, that means whether you want to buy or sell the vehicle. After that you need to select the category of used vehicle, which is whether you have a used car, bike or scooter. The next step is selecting the parameters such as make, model, year, trim, etc., of the product for which you need to get the correct market valuation. The market value of your used bike, car or scooter will highly depend on the condition of the vehicle and the kms driven. After that, you will get the exact valuation of your vehicle through Orange Book Value.

Benefits Of OBV

Orange Book Value helps buyers to understand the fair value of a used car, bike or scooter. This way, the buyer will not have to guess the price of a used car or bike and can be satisfied with price that he/she is paying for the product. For sellers, it helps in determining the best market value for their used vehicle. This valuation tool for used cars and bikes creates a transparency in the overall process. This is a pricing guide for used cars, used bikes and used scooters that helps in quick selling of second-hand vehicles. For banks and NBFCs, it helps in getting the fair pricing of used vehicles that further enhances the process of loan approvals. For insurance companies as well, the real-time data obtained through scientific calculation helps in obtaining the current valuation of the second-hand cars, bikes and scooters.

OBV Methodology

Being the most advanced algorithmic and data science-based value calculator, Orange Book Value is the most accurate valuation tool for used cars, bike and scooters in India. Unlike other pricing engines, Orange Book Value utilises Droom's proprietary data science methodologies and latest technologies to get the correct pricing of used cars, bikes and scooters depending upon various factors that lead to value depreciation such as make, model, trim, data for kms driven that is obtained through odometer reading, current condition of the vehicle that includes wear and tear, dents, major repair works, etc. A vehicle that is well-maintained and kept in good shape gets to score more in the OBV methodology and gets a better market value.

Appropriate Condition

Orange Book Value calculates the valuation of a used car, bike or scooter according to different parameters that cause value depreciation of second-hand vehicles. When pricing engine comes up with a particular result based on the make, year of manufacture, trim of the vehicle, odometer reading that decides the total number of kms driven and the physical and mechanical condition of the vehicle, the used cars and bikes are rated on its basis. These ratings include Excellent, Very Good, Good and Fair. While Excellent and Very Good signify a healthy used car, Good and Fair indicate that it has problem with some of the parts and needs special attention and repairing.

Copyright © 2024 OrangeBookValue All Rights Reserved.

Go Up