How Much Is That Motor?Posted on: 06 November 2008 by Gareth Hargreaves
Exchange & Mart magazine have launched a new text-message motoring valuation service.
But it’s hard to tell when something’s a true bargain, and more importantly, whether you should part with your hard-earned cash.
Exchange & Mart magazine have this week launched a new text-message service to help you pay the right price when buying a new car.
The SMS valuation service will give you an accurate price from professionals within minutes, helping you buy with confidence.
Exchange & Mart’s new service allows people to text their VRM and mileage to a short code. A text will be returned to the consumer, showing three valuations of that vehicle, in good, average and below average condition.
The vehicle specification, VRM and mileage will also be confirmed, allowing buyers and sellers to make an informed decision on the price of a vehicle.
Some vehicle values have fallen by as much as a third compared to a year ago, particularly 4x4s and MPVs, with motoring experts believing now is the best time to grab a bargain in the used car area.
Car prices are changing on an almost daily occurrence in the unsettled financial climate, and buyers are also being advised to walk away if a vehicle is being offered for less than 70 per cent of its valuation price.
How It Works
- Send a text message starting with “VALUE EX” along with the vehicle registration and current mileage to 80360.
- For example: VALUE EX V110ABE 74000
- You need to copy this format exactly and do not include spaces in the number plate or commas to separate the fields.
- You will receive a text containing three valuations for the car in good, average and below average condition, within the next 10 minutes.
Texts cost £1.50 plus your standard network charge. The service is provided by Newsquest Media Group, the parent company of Exchange & Mart.
Contact details and full terms and conditions can be found online at www.exchangeandmart.co.uk/smsvalues.
Would you use this service? Are you buying a new car in the future? Would you consider buying a green car?
Let us know and leave a comment in the box below or share your thoughts with other readers in the 50connect forums.
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