MyWheels.ie iCAP is Ireland's most accurate and trusted vehicle valuation assessment for passenger and commercial vehicles. iCAP is also used on a daily basis by the entire automotive industry, including the insurance industry as well as financial institutions. Enter the registration number of the vehicle below and the odometer reading and get a car vehicle valuation in seconds!
This report includes:
Importance of iCAP Valuation:
Ireland's most accurate and trusted car valuation system
Whether you are buying or selling a used vehicle it is always a good idea to know the current valuation and to know what cars of similar make and model are on sale in the Irish and UK markets. The MyWheels.ie car valuation calculator is based on the current market overview of the entire Irish market.
The iCAP valuation system is Ireland’s most trusted car valuation system and is used by almost all insurance companies. It is also used on a daily basis by hundreds of Franchise and Independent motor dealerships relying on the accuracy of the vehicle valuation.
These valuations are also utilised by over ninety percent of independent Vehicle Assessors.
When you know the true value and Open Market Selling Price of a car, this will put you in a much stronger negotiating position on price.
If you are selling a car, it will help if the buyer is driving the price down too low. A third-party independent valuation will not be just another opinion.
If you are buying you will immediately know if the seller is overpricing their car and is asking too much. Your iCAP valuation will help you from paying over the odds for a used car.
The iCAP valuation is not just an opinion but takes into consideration the entire current market and will give the most accurate estimated price of a car.
To get an accurate vehicle valuation on any vehicle just enter the vehicle registration number in the reg box.
Why should you get a car valuation?
A car valuation report will tell you the following:
How is the valuation calculated?
Car valuations can vary depending on a number of factors. The MyWheels.ie valuation is based on a complex proprietary vehicle valuation system developed by our parent company VMS (Vehicle Management System. VMS provides iCAP valuations to the entire automotive industry and insurance sectors in Ireland, as well as banking and finance institutions as well as most vehicle assessors.
The valuation looks at many variables, from the age of the vehicle, odometer readings, owner type and category of the vehicle and many other vehicle variables and specifications.
The valuation can provide you with a fair valuation based on the entire Irish market. Please note: if a vehicle has additional extra and non-standard specifications, this may very well add a greater value to the vehicle from a buyer/seller perspective. This will depend on what kind of specification and the type and age of the vehicle.
Why is there a difference between dealer values and private seller valuations?
Valuations can vary widely amongst car dealers. It should be remembered that an iCAP report is an independent valuation and an individual or organisation is certainly not obliged to adhere to the current market valuation as it is a free market.
There can be many different variables that may prompt a trader or dealership to ask for a higher price. Here are just a few variables that may affects how a dealer values a car:
A car dealership will also have a premises, have to pay sales staff, offer guarantees and warranties which will all contribute to a higher price. Many of their after sales services mean that they will put a premium on the value of the car. Many of these factors may attract a higher price tag while the opposite can result in dramatically lower values. Motor dealers are aware of these variables and factors in their retail environment but they still utilise our car calculations as part of their business as an overview market guide.
Does the mileage affect the value?
Yes, mileage can certainly affect the value of a car as well as affecting the cost with maintaining and servicing the vehicle. If a vehicle has extremely high mileage, for example, the value of the vehicle will decrease and conversely, if the vehicle has very low mileage, this may increase the value of the car as low-mileage cars are well sought after.
On average a car will clock up around 20,000 kilometres (approx. 12,000 miles) a year, so if your car has mileage of say less than 100,000 (approx. 60,000 miles) after five years it would be considered low. More than 100,000 miles after five years, could be considered as high.
The odometer reading can really have an impact on the value and so both buyers and sellers may have to readjust their opinion on the true value of their car depending on how high or low the mileage is.
What things affect the value of a car?
There can be many things that will affect a car's value. One of the most important considerations for most car buyers is the mileage. That's why when getting a valuation of a car, it is also important to know the exact mileage. Although mileage is very important, every vehicle is different and there can be multiple things that can affect the value.
What can increase the value of a car
What things can decrease the value of a car?
Tips for valuing and buying a car
When seeking a car valuation you must take into consideration the Make, Model, Year of the vehicle along with the engine size, fuel type and mileage.
Tips for buying a used car
Tips for selling your car
For a buyer: To avoid paying over the odds you will always want to get an accurate estimate of the current market value of the car you are looking to buy so that you do not pay over the odds
For a seller: An iCAP car valuation will tell you how much you can get for your car and this will help you to get the best price. As it is a third-party valuation it will help when the potential buyer wants to haggle.
For a buyer: A car valuation can be used as a good negotiation tool on price, particularly if the car you are interested in is overpriced.
For a seller: If you are selling your own car, an iCAP valuation can be used to give more weight to your asking price. It can help you convince the buyer that you are not just giving your own opinion.
For a buyer: By getting a third-party iCAP valuation you could potentially save hundreds as the independent price will be more powerful not based on an opinion.
For a seller: Keep your car well maintained, serviced and clean.
An iCAP vehicle valuation calculation is based on many different kinds of variables. Some of the basic factors of car valuation calculations include the following:
There are many different variables that can affect the value of a vehicle such as the following:
MyWheels.ie is a current market overview and the vehicle valuation is for guidance purposes only. We do not take any responsibility if a vehicle does not attain these types of car prices and also for car buyers not being able to purchase a vehicle at these prices. All iCAP car valuations are to be taken as a guide only, and the purchaser of the report must also be aware that an asking price is not necessarily the selling price of any vehicle.
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