We know that working out the price of a second-hand vehicle can be a pain. So, this week we launched our new Trade Me Motors price guide, a tool that allows buyers and sellers to get an estimated market value of a vehicle with a few clicks of a button.
Simply enter in the vehicle registration or make, model and year, along with the current odometer reading and the price guide will provide a price estimate for that vehicle by using similar vehicle listings on Trade Me.
Trade Me Motors launches new price guide
Trade Me has launched its new Trade Me Motors price guide, an online tool that allows buyers and sellers to get an estimated market value of a vehicle with a few clicks of a button.
Head of Trade Me Motors Alan Clark said the new price guide, which continues to be developed, will make the buying and selling process faster and simpler for Kiwi car sellers. “Our aim is to make buying and selling vehicles as easy as possible. Our members have told us that price is a major pain point for them. Buyers don’t know what a vehicle might cost and sellers don’t know a realistic price for their vehicle.”
With the new price guide, members simply enter in the vehicle registration or make, model and year, along with the current odometer reading and Trade Me will provide a price estimate for that vehicle. The tool uses similar vehicle listings that are currently on Trade Me to generate a price range for the vehicle.
“More than 100,000 Kiwis list a secondhand vehicle with us every year, these aren’t dealers who live and breathe this stuff, so we created this tool to help casual sellers speed up the listing process and get a realistic and fair price.
“This allows over 200,000 daily vehicle browsers to find out what they might pay for their dream car and do a little research on the makes and models they’re looking to buy.
“Diehard petrol heads might know what every part of their car is worth, but there are plenty of Kiwis who don’t have a clue and we want to make it easier for them. We know our buyers and sellers are doing their research already, and hunting around similar listings to get an idea of what their car might be worth. This tool cuts all that research out of the equation and gives them a realistic number in a matter of clicks.
“We think this will really benefit those Kiwis who want to keep track of their car’s value too. It also saves both buyers and sellers a lot of time during the trading process by taking out the guess work and giving them a fair indication of the current market value.
“This is handy for nosy folk too - if you want to know what the car in the park next to you might be worth, you can have a peek.”
Mr Clark said this is the first step to help Kiwis determine the price of a car. “We have plans to develop the tool more, including the ability to differentiate between the price of a car bought from the public as compared to a dealer.”
The price guide is now available to all Trade Me members.