How to Figure Out How Much Money Your Van Is Worth

by Contributor

If you own a van and are looking to sell it, you may be thinking "How much is my van worth?" Luckily, that is a very easy question to answer. There are multiple ways that you can figure out the value of your vehicle free of charge, and quickly choose an appropriate price point that will earn you a healthy profit and also appeal to potential buyers.

Scope out the competition. One of the best ways to get an idea of where you should set your price point is to look at other vans like yours that are currently for sale. Keep in mind that dealerships will generally ask higher prices than private parties, so make sure to concentrate most of your comparisons on private party vehicles or subtract five to eight percent from the dealership prices.

Evaluate the demand for your vehicle. Depending upon where you live a van may be in high or low demand, and this will factor into the price point. If you live in a rural or remote area where pickup trucks are more popular then you will probably receive less for your fan, but if you live in a suburban area populated with a high number of families you might be able to ask a higher price due to the demand.

Consult with people you know. Sometimes just asking the opinion of other people such as friends and family is a great way to get an idea of what someone might be willing to pay for your van. Make sure to tell them to give you an accurate and honest opinion because trying to spare your feelings or inflate the price will only lead you towards making a mistake when setting the price point.

Look up the book value. There are many tools and references that you can use to determine the book value of your van. Many of them are available online or in print, and these resources are designed to give you a specific price range that would be acceptable to use for your van depending upon its specific condition.

Be realistic about your price point. Don't list your van for a ridiculous amount of money hoping that you'll attract a naive buyer. This isn't fair, and most people are far too savvy to blindly purchase a van without looking around first to figure out if they are paying a fair price.

Remain flexible on the final amount. If someone comes to look at your van and presents you with a reasonable offer then you should consider taking it. Most people like to feel that they are getting some type of bargain no matter how high or low the price of the van may be, and if you're unwilling to be even a little flexible on your price you may end up keeping your van for a long time.

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