Van Valuation – Know How Much is Your Van Worth

It is always a good idea to know the worth of possessions.  Your used van is no different. Knowing the value of your used van will help you make a decision. You may be in a dilemma whether to retain or dispose of it. Or you may have received an offer for your used van and are unable to ascertain if the offer is good enough.  There is no reason to be befuddled, the following steps will help you understand how a used van is valued by websites and resellers:

The three Ms – Make, Mileage and Model

The make and model of a van will give a fair idea of the present condition.  Although some vans are maintained in a better condition than others, the make and model helps to give a baseline to the calculation. The mileage will show the extent of wear and tear. A combination of these three will help in determining fairly accurately the broad value of the used van.

The condition of the van as described by you

The condition of the van in your opinion could be either excellent, good, average etc. This is a subjective description which will be validated only on physical verification. For example, you may consider your van to be in excellent condition but it may appear to others to be in good condition.  Hence, you need to be fairly reasonable in considering the condition of the van. Scratches, dents from minor accidents, etc.

Air-conditioning, and extras

Specific models will have additional features such as a sun roof etc. These additional features, which include the effect of the air-conditioners help to get to a more precise value of the used van. Some features are intrinsic to models and hence their value can be automatically assessed. However, some general features can be assessed only by checking their functioning.

Assessments by reputed dealers in used vans generally differ from dealer to dealer. This despite the fact, that almost all of them use the same metrics to ascertain the value of a used van. And, this valuation is subject to physical verification.  As it is easy to compare the values of different resellers, you can easily decide where to sell your used vans. While deciding, consider all the costs, and be careful to verify that you are not being taken for a ride by hidden costs