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The Economic Times
The Economic Times

What actually determines your car's final selling price online

India's used car market has grown into one of the most dynamic in the world, with over 50 lakh vehicles changing hands every year 1 . For millions of sellers, the promise of a quick, transparent, and fair deal has never been more within reach, or so it seems. The rise of online platforms has fundamentally altered how Indians buy and sell pre-owned cars, bringing speed and convenience to a process that was once entirely dependent on local dealers and word of mouth.

At the heart of this digital shift is the online car valuation tool, a feature offered by nearly every major used car platform today. Sellers punch in their car's make, model, year, and mileage, and within seconds, a price range appears on the screen. It feels instant, scientific, and reliable. What most sellers don't realise, however, is that this number is an estimate, a data-driven starting point, not a final offer.

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