How to value a car as of April 2020?

sheramber

MaidaVale3499 said:

My friend is buying my car during May.  We want to calculate what a fair selling price would be as at April 2020.....when I lent him the car which is Hyundai I10 S Oct 2015.

I'm hoping there is some website where one can look up historical values....almost like a glass guide snapshot in time.

Thanks

A fair price is what you both agree on.

born_again

MaidaVale3499 said:

McKneff said:

You lent him the car, you didn't sell it to him and defer payment. 

Sell it at todys price. 
It could be said you taking the proverbial...



He Would be daft to accept those terms. .

Actually, I don't think I'm taking the proverbial in any shape or form.......given that my friend had the sole use of the car from April 2020 (I have not driven it even once since I lent it to him)  and for the same period I have funded ALL the running costs except petrol ie I paid insurance, RFL, MOT, Servicing.....due to his fiscal circumstances during and after covid.

My friend and I both agreed that he would buy the car off me when he was back on his feet financially.....we just need to find a fair price.

I'm actually astounded at your opinion.....I think I've been a bloody good mate.

In reality (Hindsight is great) you should have agreed the price at the time.

So take todays price, add all the ins & other stuff you paid while they were driving in the last 4 years (odds on worth more than car) & that is your fair price. You have not lost anything then. 

MaidaVale3499

born_again said:

MaidaVale3499 said:

McKneff said:

You lent him the car, you didn't sell it to him and defer payment. 

Sell it at todys price. 
It could be said you taking the proverbial...



He Would be daft to accept those terms. .

Actually, I don't think I'm taking the proverbial in any shape or form.......given that my friend had the sole use of the car from April 2020 (I have not driven it even once since I lent it to him)  and for the same period I have funded ALL the running costs except petrol ie I paid insurance, RFL, MOT, Servicing.....due to his fiscal circumstances during and after covid.

My friend and I both agreed that he would buy the car off me when he was back on his feet financially.....we just need to find a fair price.

I'm actually astounded at your opinion.....I think I've been a bloody good mate.

In reality (Hindsight is great) you should have agreed the price at the time.

So take todays price, add all the ins & other stuff you paid while they were driving in the last 4 years (odds on worth more than car) & that is your fair price. You have not lost anything then. 

 Thanks, your calc metric is actually what my friend and I agree on....as you say we should have valued the car at the time but we will go by the cheaper end of today's value.

Thanks