Most of us have to sell our used car at some point of time. But do we get the correct value of our used cars?
Well, in most cases, sellers are not aware of the right and correct price of their used car. This way they end up underselling their used car and lose on money.
But how can an individual check the used car price from the comfort of one’s house? The answer to the above question is the Orange Book Value or OBV. But what exactly is OBV and how does it help the used car sellers in Malaysia.
When it comes to used car valuation , most buyers rely on the guesswork or just try to negotiate on the price quoted by the seller.
Sometimes the sellers dupe the buyers if they don’t have much knowledge about cars and their current market rates. OBV is the tool for buyers to verify the price of the used car a person you
Orange Book Value or OBV is an online used car valuation tool that helps buyers to know the fair market price of their used cars.
In fact, OBV or Orange Book Value is Malaysia’s first and only algorithmic pricing engine that calculates a fair market value of any used car under 10 seconds! OBV in another term is the 21st-century online platform that calculates the right price of any used vehicle based on the real-time data of the current market value of that vehicle.
The fact that OBV is an unbiased, independent, and data-driven tool makes it an extremely reliable tool to compute the price of a used car! In fact, OBV tool is swiftly becoming popular in 3 countries across the globe. The pricing methodology of the tool has left banks and NBFC impressed such that the tool is widely used to gauge the value of a vehicle before processing a car loan. And it is not just bankers but also used car dealers that use the tool religiously to know the fair and correct value of a used car.
The OBV tool is completely a scientific method that gives sellers the confidence to sell the used cars without worrying about under-selling.
It is not just sellers that are benefited from the OBV, but also the buyers of used cars that check the fair price of a used car before they make the decision to buy it.
OBV is an industry-first tool when it comes to fair car valuation that is based on the actual condition of the car. Just with a click of a button, one can look for car valuation online from the comfort of their home.
With OBV, you do need to rely on a friend or a dealer to know the price of the used car. Another key reasons to choose OBV over the conventional way of knowing the fair price is the accuracy of the price range. OBV calculations are done in a real-time that suggests the fair market value of all used vehicles.
Using OBV is extremely simple. One can check the price of a used car in under 20 seconds! The first step involves selecting your purpose to use OBV, for instance buy or sell. Then select the category the vehicle belongs to like – car, bike, scooter, bicycle, etc. Next, fill in the details of the car like its model year, year of manufacturing, trim variant, kilometers are driven. At last, click on the “check price” button to get the correct and fair price range of the pre-owned car in Malaysia.
The tool presents you with the fair estimate range of the car based on the current market price of that used car.
The price estimates are extremely reliable as it is based on the 21st-century data Science and Machine Learning Methodology. The OBV tool is used by several leading banks and NBFC’s insurance which use the tool to gauge the real value of pre-owned cars in Malaysia.
The OBV tool has successfully established trust in the minds of both buyers and sellers. The fact that OBV tool won’t let buyers buy used vehicles above of what they deserve as per the current market value of that vehicle. The OBV tool prevents sellers from undervaluing their used vehicles. This leads to better satisfaction among both the buyers and sellers.