HPI has launched a new online vehicle valuations tool aimed at consumers buying and selling cars in the used car market, under the hpivaluations.com domain.
The service offers consumers data on total cost of ownership of a vehicle during its lifespan along with precise depreciation figures. Users get a valuation by inputting the car registration number. Valuations are available for cars and LCVs.
Fernando Garcia, Consumer Director at HPI, said: “The new valuations service will help motorists understand the true cost of a vehicle and empower them to get the best deal. We believe this to be one of the most accurate vehicle valuation service available to UK consumers, which makes HPI Valuations an essential tool for those buying and selling a used car.
“It’s not just about the asking price; it’s equally important to know how well the car will hold its value and just how much it will cost the owner to run over the years. Understanding the true value of a vehicle before buying or selling offers financial protection as well as peace of mind, ensuring consumers don’t undersell their car or pay out more than they should for a new one.”
The product is subdivided into a free to use section, which provides four market valuations; Price at new, Private sale (at valuation point), Trade-in value, and Forecourt price. There is also a premium valuation available for £2.95, which includes all of the free valuations, together with future values (depreciation) available for cars up to 5 years old, and past values (depreciation) on all cars (where valuations are available), up to 9 years old. It also adds total cost of ownership – running costs including fuel, tax, insurance, service and maintenance and the exact trade-in value.
Fernando Garcia added: “We have more than 30 years’ experience supplying valuations to the motoring trade, and now consumers can have the same confidence and peace of mind. Consumers now have easy access to the same reliable and credible data resource, providing complete peace of mind and reassurance when buying or selling a car.”
