Grey Import

Grey import vehicles are new or used motor vehicles and motorcycles legally imported from another country through channels other than the maker’s official distribution system or a third-party channel officially authorized by the manufacturer.

After entering the VIN and retrieving the vehicle data from last step, the screen will expand.

Condition

In the next section you will enter more details about the vehicle, such as the vehicle condition and whether or not service and warranty are available.

Mileage Estimation

Definition: Mileage Estimation is an automated feature designed to assist users in quickly determining a vehicle’s expected total mileage based on its age and typical usage. This calculation leverages industry-standard averages to estimate a vehicle’s total kilometers traveled, serving as a starting point for data entry.

How It Works: Upon selecting a vehicle’s age and classification within our system, the Mileage Estimation feature automatically calculates the vehicle’s estimated total mileage. This calculation is derived by multiplying the number of months the vehicle has been in use by the average monthly mileage for its classification. For example, a 3-year-old car (equivalent to 36 months) classified with an average of 2000 kilometers per month would have an estimated mileage of 72,000KM auto-populated in the mileage field.

User Flexibility: While we strive to provide a helpful starting point, we understand that the actual mileage of a vehicle may vary. Therefore, users are encouraged to adjust this auto-populated value to reflect the vehicle’s true mileage. This flexibility ensures that the estimated mileage serves merely as a facilitator, not a constraint, allowing for accurate and personalized data entry.

Car Conditions

Excellent: when the vehicle is as good as new and needs no reconditioning. This vehicle has never had any paint or body work and is mechanically perfect.
Good: this means that the vehicle is free of any major defects. The paint, body and interior have only minor (if any) blemishes and there are no major mechanical problems.
Standard: this means that the vehicle has some mechanical or cosmetic defects and needs servicing but is still in reasonable running condition.
Poor: this means that the vehicle has severe mechanical and/or body defects. A vehicle which is classed as salvage will be in this classification.

Warranty & Services: Impact on Vehicle Pricing

If you select YES for either warranty or services you will have these options:

1. Availability:

• Available vs. Not Available: Indicating whether a warranty or service contract is available impacts the vehicle’s perceived value. Availability suggests additional security and reliability, potentially increasing the vehicle’s price. The absence of a warranty or service contract might lower the price due to increased buyer risk.

2. Transferability:

• Transferable vs. Non-Transferable: A transferable warranty or service contract enhances the vehicle’s appeal, suggesting that future owners can benefit from the same security and peace of mind, thereby potentially increasing the vehicle’s market value.

3. Type:

• Manufacturer vs. Extended: Choosing between a manufacturer or extended warranty/service contract can influence pricing. Manufacturer warranties/services are often seen as more desirable, indicating the vehicle might be newer or still within the original coverage period. Extended warranties/services extend protection and can also increase value but may vary based on the provider’s reputation.

4. Duration/Validity Period:

• Until a Specific Date: The longer the duration of the warranty or service contract, the higher the vehicle’s potential value. A longer coverage period provides more prolonged protection against future costs, increasing the vehicle’s attractiveness to buyers.

5. Remaining Mileage:

• Mileage Limit: For warranties and service contracts with a mileage limit, a higher remaining mileage allowance increases the vehicle’s price. It indicates that the vehicle is still eligible for service or warranty claims, reducing the immediate out-of-pocket expenses for the buyer.

Note on Remaining Mileage and Validity Period

It’s important for users to consider the specifics of both the remaining mileage and the validity period when evaluating the impact on a vehicle’s price. For instance, a warranty or service contract that has a substantial amount of remaining mileage (e.g., 10,000 kilometers) but is close to its expiration date (e.g., only one month left) may not significantly enhance the vehicle’s value. This is because the limited time frame in which the warranty or service is valid might not offer the buyer enough opportunity to utilize the benefits fully, thus having a smaller effect on boosting the vehicle’s market price. The perceived value of the remaining coverage diminishes as the expiration date approaches, especially if it is unlikely that the mileage allowance will be reached within that period. Therefore, both the amount of remaining mileage and the time until expiration play crucial roles in determining how warranties and service contracts influence the overall valuation of a vehicle.

After filling all of these fields, please click on continue.