BMW X3 2016/16 Used Car Valuation

Franchised Dealer

This is the typical value of an ‘Approved Used’ car bought at a franchised dealer.

Buying

'Approved Used' schemes offer a good deal of choice and all cars come with an extended warranty for added peace of mind. Although you do tend to pay a little extra for these cars, we've allowed for some sensible haggling - so don’t be afraid to ask for a discount

Independent Dealer

This is the typical price paid for a car bought at an independent dealer or car supermarket.

Buying

These prices are slightly lower than main dealers because you don't get all of the 'Approved Used' benefits. Deals do vary though, with some offering aftermarket warranties lasting a few months.

Private Good

This is the typical value of a car in good condition in a private sale.

Buying

You tend to get what you pay for, so expect prices to be a little higher for a car in good condition. Ask to see the MoT certificate and service history to find out whether the car is really as reliable as it first appears. Be sure to question any major previous faults before you buy. 1 in 3 cars has a hidden history. A 'Parkers Car History' check offers additional peace of mind before handing over your hard-earned cash. 

Selling

As a reward for your careful ownership, cars in good condition should command a stronger resale price. Aside from regular maintenance, a full MoT and service history will help boost the value of your car when the time comes to sell.

Private Poor

This is the typical value of a car in poor condition in a private sale.

Buying

You should pay less for a car in poor condition as it will almost certainly cost you more money further down the line. Ask to see the MoT certificate and service history to find out what the major faults are and if the car is in terrible condition either ask for a hefty discount or walk away. It may well have mechanical defects or no service history, the body may be rusty or have substantial damage or the interior may be stained or torn.

Selling

Poor condition cars will interest fewer buyers and need lower price tags as a consequence. If your car has been thrashed or ill-treated, you should be willing to sacrifice a little money in order to shift it.

Part Exchange

The typical 'bottom-book' price that a dealer offers for your car in part-exchange

Selling

This is a good indication of the amount to expect, though the actual value can vary from deal to deal. This depends on the price and desirability of your current car and how generous the deal is on the new one you're buying.

Parkers lists all the options that increases a car’s value because not all options do - though they can make the car more attractive to a potential buyer. Remember mileage and options can make a significant difference to the car’s value and by as much as several thousand pounds so it can pay to get a fully adjusted car valuation.