EXPERTS have revealed certain car models could be making you more money than you think.
Opting to sell on the second-hand market might prove to be a smart financial decision.
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This compact car has the best re-selling potential Credit: Charlie Magee
Selling this used car could get you an extra £1,274 Credit: Abdruck fuer Pressezwecke honorarfrei
Carwow has released the names of five car models that are currently selling up to 32% above its estimated value.
According to the online marketplace, demand for used vehicles continues to remain strong as the second-hand market thrives.
This has led to prices spiking above many cars’ estimated values.
The car that can be re-sold at the highest price above its market value is a Ford Fiesta ST, reaching 32% above its value.
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Selling this compact hatchback could see you getting an average of £1,062 extra.
Both a Ford Mondeo and Alfa Romeo Giulietta can fetch up to 29% above valuation.
Carwow also highlighted the Peugeot 3008 as selling for 28% more than expected, getting you an average of £651 extra.
Lastly, the Audi A5 Sportback is reaching 25% above valuation, roughly equating to £1,274.
However, the firm told MotorTrader that despite these strong resale opportunities, 27% worry about not getting a fair price while 8% are put off by the perceived hassle of selling.
The global director of content at Carwow, Iain Reid, said: “To get the most out of their vehicle, drivers should take a strategic approach by presenting the car in top condition, providing full documentation and service history, and researching comparable listings to price it competitively.”
