Value of Car – Canada
Are you thinking about trading in your car for something new? Or maybe you’re just interested in selling your old one. Either way, it’s extremely important to find out the value of your car in Canada. There are several reasons why you should know your car’s worth, and we’ll get to them in just a few seconds. But know that we can get you the value of your vehicle—online—for free. And we can do it for you today.
Get excited, because you’re about to save yourself a bunch of time. You won’t have to scroll through countless used vehicle sites to find out what other people are selling vehicles like yours for. No more comparing and contrasting and paralysis by analysis. We’re able to do all that hard work for you by calculating the averages selling price of vehicles, just like yours, in your exact area.
Not only that, but if you decide to sell to Go Auto—which you’re not obligated to do—we can even get you cash for your vehicle that very same day. But more on that later. Right now, let’s find out how much your car, truck, or SUV is worth in Canada.
If you drive a 2018 Wrangler Sahara then we look kind of prophetic, don’t we?
Why You Should Learn the Value of Your Car in Canada
The most time-consuming part of selling your car can often be the research phase. Determining the right price for your vehicle can take hours and hours while you cross-reference on other sites to see what the “sweet spot” is for your vehicle. But even if you do this, you’re not guaranteed to get a price that works for your market. Plus, the odds of you finding used versions of your exact model with similar odometer ratings and service histories are pretty low.
It’s harder to price your vehicle than you might think.
Whether you’re buying, selling, or selling your vehicle for parts, you can save yourself a lot of time—and headaches—by letting Go Auto do the work for you using data from all across Canada, including (and most especially) your area.
If you’re selling your vehicle privately
Undervaluing your vehicle will cost you valuable money and overvaluing your vehicle will cost you valuable time. If you shoot for the fences and price your vehicle too high, then you’re going to be waiting around for a long time. Make no mistake about it, the market will wait you out. It’s very rare for a person to get more for their vehicle than it’s actually worth because everyone is looking for a deal all the time.
If you’re looking to trade in your vehicle at a dealership
You need to know how comparable vehicles are selling in your area in order to get a good deal. Many variables come into play during the dealership trade-in process, including odometer readings, previous vehicle damage, current inventory, previous selling data, and more. It’s almost impossible for you to know some of this information, which is why online tools can really help you learn what the ideal value of your vehicle is. We have the data you need.
If you’re looking to sell your vehicle for parts
It’s easy to feel a time-pressure and sell before you get a price that’s good for you. Don’t let someone talk you into thinking your car is a piece of junk and that it’s not worth much. By finding out the actual value of your car across Canada, you’ll be able to stick to your guns and get the value you deserve.
To get the most out of your investment you’ll need an accurate, competitive price. Price too high, people will scroll by. Price too low, that’s money out of your pocket.
Use our tool to find out the value of your car in Canada and make things much, much easier for yourself.
Factors That Affect the Value of Your Car in Canada
The value of a car in Canada depends on a lot more than the year, the make, and the model. If there are two 2013 Ford F-150s for sale, they necessarily shouldn’t fetch the same price. It will come down to things like accident and maintenance history, mileage, current condition, and more (listed below).
Accident history plays a very big factor when it comes to the value of a car in Canada, so make sure you know your vehicle’s history and be honest about that information with any prospective buyer. If that thought makes you a bit nervous, don’t be: according to CARFAX, 61% of buyers are open to vehicles that have been in an accident. Honesty will scare of some buyers, sure, but it’ll make other, serious buyers trust you more.
Here are some factors that will affect the value of your car:
- Colour
- Smoking history
- Number of owners
- Maintenance history
- Warranty available
- Accessories and after-market add-ons
- Extras included, like winter tires
If you have a silver vehicle, you’re in luck. It’s by far the most popular car colour in Canada (22.3%).
Selling Your Car Privately vs Trading it in at a Dealership
Private Sale
Selling your car privately can have some benefits, but in general private sales are a lot more complicated and come with a host of additional risks.
Taking full control of the pricing, posting, courting, and selling process means you have a bit more freedom, but it also means that you’re taking on more responsibility and spending a considerable amount of time and effort.
You will be responsible for handling the contractual/legal process of selling a vehicle by yourself (as opposed to letting a dealership take care of this process for you). This means you’re also liable for anything that goes wrong during the transition. Or if you get swindled somehow, it’s very possible you’re SOL.
Preparing yourself—before, during, and even after a sale—is a huge part of selling a car privately. Be transparent and do as much research as you possibly can. If you’re extremely patient and are comfortable taking on all that responsibility, it’s possible you can find a deal you’re happy with on a site like Kijiji.
Dealership Trade-in
Trading your vehicle in with a dealership comes with many advantages, especially if you know the value of your vehicle and don’t compromise.
The first step will be getting your vehicle appraised. This is the process where the dealership determines what they are willing to offer you for your vehicle. They will consider everything we listed above and use a few resources of their own to come up with a number. But again, once you know the actual value of your car across Canada, this negotiation process becomes much simpler for you.
By “trading in” your vehicle, you’ll be doing just that: exchanging your used vehicle for a newer one. Typically, you will use the money the dealer gives you for your used car towards your newer car in order to lower the purchase price. But if you trade in with Go Auto, we always give you the option of taking your trade-in payment with cash. It’s up to you. Go Auto will even buy your vehicle if you don’t want a new one.
