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Use of car valuations?

Now there is ready access to numerous online car valuation websites (mainly aimed at buying cars), is there a rule-of-thumb to help check selling prices? I have seen a 12-plated Renault Espace 2.0dCi 150 Dynamique Tom Tom 5 door for sale at a registered Renault dealer for £16,000 but valuation websites suggest a range of only £9,500 - £11,000. I assume these lower figures are cash/ trade-in values and the retailer needs to make a margin, but what is a reasonable add-on (and specifically, what should be my target price be for the Espace)?

Asked on 18 August 2012 by Copethedope

Answered by Honest John
We do our own that automatically updates daily: www.honestjohn.co.uk/used-prices/

Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.

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