Used Car Valuation Calculator
Instant Calculate Used Car Value
A used car valuation calculator is an online tool that helps you understand the current value of the used car you wish to buy.
Nowadays, the market for used cars has considerably increased as compared to the past. Whether it is a hatchback, a sedan, or an SUV, one can buy any type of second-hand car if they wish to. Many online portals have come up in the past few years that make the process of selling or buying a used car easy. When you have plans to buy a used car, it is important that you know the correct value of the car. This is where a used car valuation calculator comes into view to make the process easier for you.
A used car valuation online calculator uses several factors such as the age of the car, the type, variant, make and model, total kilometers driven, and so on to calculate its current value.
The value of a new car begins falling as soon as it is bought and keeps on reducing as the car undergoes gradual wear and tear. The older the car, the lesser is its resale price. The used car valuation calculator helps the buyer know the price they should expect when they set out to buy a used car.
Now that you know what a used car valuation online calculator is, you may want to know how exactly one should access this tool. The best part is that it is very easy to use. There is no need to enter complex data or input complicated formulations. Here is the procedure for using a used car valuation online calculator:
Visit the website
It is suggested that you go to reliable and well-known sites only. Log on to the website, where you can access the used car valuation online calculator on the ‘tools and resources page.
Provide information related to car
At this step of using the used car valuation online calculator, you have to provide information about the car you wish to buy such as its registration year, brand, make and model, variant, kilometres are driven, and the condition it is in.
Provide personal details
At this stage, you have to provide personal details such as your mobile number and email ID. The used car valuation calculator may also ask which city you are based in as that determines the value of the used car as well.
Click on ‘calculate’
Now, all you have to do is click on the ‘calculate’ button on the used car valuation online calculator. The results will be made available in a matter of seconds.
According to the Motor Vehicles Act of 1988, any car owner driving on Indian roads should have a car insurance policy that covers third-party liabilities. Those looking for additional protection should opt for a comprehensive car insurance policy. Here is how you can get your recently purchased car insured.
Usually, the previous owner’s car insurance policy would be already valid. In that case, you will have to transfer the insurance policy to your name. If the policy needs to be renewed, you can begin the process anew.
Along with filling up the proposal form, you need to provide papers that prove that the sale has occurred. This includes the transfer of RC, Form 29 and 30 signed by the previous owner, a copy of the car insurance policy, transfer fee receipt, and so on.
Now, you need to provide the new RC that you must have received from the RTO to the insurer you are buying the car insurance policy from.
It is to be noted that the previously given steps are applicable for a third-party car insurance policy. For transfer of the own damage aspect of the policy, you will have to fill a new application form.
After you have filled in all the forms and provided the required papers, the insurer will get to work and you will receive the new car insurance policy documents. Ensure to check that the name on the policy is the same as that on the new RC.
In the past few years, as the market for used cars has grown, so has the practice of utilizing a used car valuation calculator. And rightly so, the advantages of using a used car valuation online calculator are many. Let us enumerate a few for you.
Allows you to plan your purchase
The used car valuation calculator either gives you a single figure or a price band within which you can buy the car. This allows you to plan your finances such that you can divest adequate funds towards your purchase.
Prevents overpricing or underpricing
If you are buying a used car for the first time, you may find it difficult to get a fair idea of what you should expect. This leaves many susceptible to overpricing or underpricing when they make the purchase. A used car insurance calculator helps you avoid such unpleasant scenarios.
Allows for an accurate IDV
The IDV is the amount that you will receive from your car insurance company in case of total loss or theft of the car. The used car valuation online calculator also allows you to select the right IDV by giving you a fitting price range.
Efficient and time-saving
Getting an idea of the cost of the car you want to buy without a used car valuation calculator is quite time-consuming. You would have to call or reach out to several sellers/dealers.
Easy to use
The used car valuation calculator is an accessible and easy-to-use tool. All you have to do is add some basic information about the car you wish to buy and you will get results in a few seconds.
If you are utilizing a used car valuation online calculator for the first time, then there are some things that you should know.
The actual price may differ
The actual price quoted by the seller/dealer may differ from the price estimated by the used car valuation calculator. This is because the actual price is based on several factors which may not be calculable by this online tool.
Information required may differ
Some sites offering the used car valuation online calculator ask whether you are looking for a car that has been owned twice or thrice previously. Others may not ask for this detail. Essentially, the details required differ from site to site.
Expect different prices on different calculators
Since each used car valuation calculator asks for different information and has its own way of calculating the price, the results you get may differ even if you enter the same or similar information.
If you are utilizing a used car valuation online calculator for the first time, then there are some things that you should know.
The actual price may differ
The actual price quoted by the seller/dealer may differ from the price estimated by the used car valuation calculator. This is because the actual price is based on several factors which may not be calculable by this online tool.
Information required may differ
Some sites offering the used car valuation online calculator ask whether you are looking for a car that has been owned twice or thrice previously. Others may not ask for this detail. Essentially, the details required differ from site to site.
Expect different prices on different calculators
Since each used car valuation calculator asks for different information and has its own way of calculating the price, the results you get may differ even if you enter the same or similar information.
Our car insurance plans come in three varieties - a third-party car insurance plan, a comprehensive car insurance policy, and zero depreciation car insurance. Here is what you can expect from a comprehensive plan.
Coverage from natural calamities
Our car insurance plan provides financial protection against damages that natural disasters such as earthquakes, storms, lightning, cyclones, landslides, and so on cause your car.
Coverage from fire and theft
If your used car suffers damages due to fire and attempted theft or incurs a total loss due to the same, you can raise a claim on your car insurance policy and you will get compensation accordingly.
Coverage against collisions
Besides covering third-party liabilities, a comprehensive car insurance plan also provides financial protection for own damage and losses in the event of a collision.
Personal accident coverage
As per India Motor Tariff, it is legally mandatory for a vehicle owner to have a personal accident cover of at least Rs 15 lakhs. You can opt for higher coverage as well for the best support to your loved ones in case you suffer an accident.
Benefit of add-ons
With a comprehensive car insurance plan, you can choose from a variety of add-ons such as engine protection cover, consumables cover, zero depreciation, and so on. Do note that the zero-dep add-on may not be available for cars older than 5-7 years.
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