cap hpi has developed a brand new software to cost non-obligatory extras on used automobiles extra precisely.

For the previous 12 months, the automobile valuations specialist has been conducting the analysis and gathering the info essential to help its new Choice Values software. The software is obtainable totally free to present subscribers to the Valuation Anyplace product.

The launch of the Choice Values software means the business will now be capable to worth the factory-fitted spec of the automobile, reasonably than simply the bottom specification.

Derren Martin, director of valuations at cap hpi, mentioned: “It’s designed particularly for sellers and remarketers who, to this point, may doubtlessly have been lacking out on 1000’s depending on the worth of non-obligatory fitted extras akin to a panoramic roof or alloy wheels. The quantity saved will differ for each automobile relying on the make and mannequin.

“Inaccurate values have existed within the business for years in relation to non-obligatory extras, and plenty of sellers will little question have been factoring in their very own values. This goals to treatment the state of affairs by providing extra outlined steering. With Choice Values we’re addressing this and making certain that our prospects not find yourself dropping out or attribute their very own estimated values.

“Our values will nonetheless present the worth of the bottom automobile, however now sellers can add within the non-obligatory extras to get a extra correct understanding of how a lot these must be price on the used market. Used together with our Cap Dwell every day product, this makes our valuations extra correct than ever.”

Under is a choice of the Choice Worth outcomes for a variety of used automobiles:

2017 Volkswagen Golf R 5dr with 25k miles 

• Normal automobile with no choices: CAP Clear – £17,100,  Retail – £18,995
• Choices added: Electrical sliding panoramic glass sunroof & 19″ Pretoria black Alloy wheels: CAP Clear – £17,800 Retail – £19,700

2019 RANGE ROVER EVOQUE R-Dynamic HSE 5dr Auto with 40k miles 

• Normal automobile with no choices:  CAP Clear – £22,350, Retail – £24,750
• Choices added:  21″ 5 cut up spoke gloss black alloy wheels & Adaptive Dynamics: CAP Clear – £22,850, Retail – £25,250

2019 FORD FIESTA 1.0T Titanium 5dr with 25k miles

•  Normal automobile with no choices: CAP Clear – £9,400, Retail – £11,195
• Choices added: Fashion Pack with 17″ alloy wheel – Fiesta,  B&O Premium audio system and openable panorama roof: CAP Clear – £9,875, Retail – £11,695

2021 AUDI This fall E-TRON 125kW 35 55.52kWh S Line 5dr Auto with 10k miles 

• Normal automobile with no choices: CAP Clear – £27,150, Retail – £31,250
• Choices added: Help Package deal Superior (inc Flat backside steering wheel), This fall E-tron, Panoramic Glass Roof: CAP Clear – £28,300, Retail – £32,400

Martin added: “There’s a restrict to how a lot non-obligatory extras will add to the value of a used automobile alongside different vital elements such because the age of the automobile. Our goal is to make sure that sellers can now get an much more correct value valuation for inventory they’re shopping for, taking in as half exchanges after which retailing. We’re additionally on the lookout for buyer suggestions on different ways in which they want to eat this vital worth information going ahead.”