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How to value your van or truck so you can sell it to a dealership

How to value your van or truck so you can sell it to a dealership

The van and truck market is strong. With fewer new models being manufactured right now, the market for good quality used vans and trucks is particularly active. That’s great news if you have one to sell!

Whether you sell your van or truck to a dealership or privately, you’re going to need to know how much it’s worth beforehand. That way, you can price it fairly and have realistic expectations about any offer.

Here’s how to value your van or truck.

Give the vehicle a good clean

Asking you to give your van or truck a good clean before valuing it may not sound logical but dirt and road grime can hide a lot.

You need to accurately assess the vehicle’s condition and you can only do that if you see the complete picture. You need to identify scratches, dents and anything that requires attention before you sell.

You can only do that effectively with a clean vehicle.

View the vehicle through the eyes of a buyer

Once the van or truck is all clean and looking good, take a long hard look at it, both inside and out. View it as a buyer would view it, with a critical eye.

You want to be able to identify areas of concern before getting the car valued or placing the ad so you can either fix the issue or have an answer ready when it’s pointed out.

Check the bodywork, wheels, tires, cargo area, engine bay, interior, carpets, seats and everywhere you would look if you were buying it.

Note any areas that let the vehicle down and make quick repairs if you can or if they are cheap.

Compare like for like

Now you have a good idea of the condition of your vehicle, now it’s time to check the market to see what others vehicles are worth.

You must compare like for like to get an accurate picture. That means the same make, model, trim, year, mileage and condition.

We usually recommend checking Carfax, Kelley Blue Book, Auto Trader, eBay, Craigslist and Kijiji. If you know of specialist marketplaces for vans or trucks in your province, use those too.

Filter your search for the criteria above and take an average value of all those you see.

Take that average figure and use that as your baseline when selling your vehicle.

Now you have a value, you will know whether any offer you receive is fair or not. It should help prevent you being lowballed and help you recognize when an offer is a good one or not.

Now, when you come to sell your van or truck to a dealership or place your ad, you know what to expect!

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Categories: sell your car