Selling a vehicle, whatever it may be, can be a daunting process, especially for those who’ve never done it before. You have to figure out where to sell it and how not to mention decide on what modes of payment you’re willing to accept on top of pinpointing how much to sell the vehicle for.
Whether you decide to sell your vehicle to a private party or to a dealership as part of a trade-in, knowing its value is a crucial part of the process. When you understand the retail value of the vehicle, you have an advantage when it comes to negotiations. The retail value is what a future buyer can expect to pay for the vehicle when buying it from a used-car dealership. That said, how can you determine the value of a truck?
Referring to the Official Website: Freightliner.com
Using the manufacturer’s official website can help you get a very good idea of how much your truck would have cost when it was new. From there, you can try and pinpoint any decrease in price based on the specific model, its age, and other factors like mileage.
Comparing the price of a more current model with the one you’re thinking of selling can give a clearer picture, too. For example, the price difference between a 2016 Freightliner Cascadia and a 2020 model, if there is one, can serve as the starting point for determining the former’s value and help make it easier for you to set an asking price. Just make sure you can justify that price, such as if you followed the maintenance schedule and the truck has never been in an accident.
Researching Websites for Determining Fair Market Value
Websites like Edmunds and Kelley Blue Book have a fairly straightforward form that vehicle owners can fill out with pertinent information such as make and model, the truck’s age, and your location. An algorithm then uses the provided information to come up with your truck’s fair market value (FMV), or how much you can sell it for to a private party compared to other selling options.
If you’re not sure about any details, refer to your owner’s manual. You need to be as honest as you can when filling out the form, too. This is so you won’t end up setting your expectations too high when it comes to the price and to ensure that potential buyers can’t claim you’re lying about the truck you’re selling.
Consulting Dealerships
If you don’t know enough about your truck, even with research and your owner’s manual, to try and determine a price yourself, you can try bringing it to a reputable dealership to consult with a dealer. They’ll know what to look for and are up-to-date when it comes to market prices and other information because of their line of work. Again, try to provide as much information as accurately as you can, so the dealer can quote you a fair price.
Determining the value of a truck is by no means an exact science, but there are ways to make the process easier, as seen above. If you’re interested in a 2016 Freightliner Cascadia or a similar truck, whether to compare it to the one you’re selling or to replace it, visit this page and you’re sure to find what you need.
