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Why is it important to enter the book value when listing a vehicle as a seller?

When creating a vehicle listing on CarCollect, we ask sellers to enter the book value of the vehicle.

Railey Vrouwe avatar
Written by Railey Vrouwe
Updated over 2 months ago

While this field is not mandatory, it is strongly recommended. Here’s why entering the book value is important:


1. Internal reference for your organization

The book value reflects the vehicle’s value in your company’s accounting system. This helps you and your colleagues quickly understand the financial context of the vehicle—for example, during purchase, resale, or write-off processes.


2. Better insight when receiving bids

When offers come in from traders or buyers, the book value allows you to assess whether a bid is commercially viable. You can easily compare the bid to your internal valuation.


3. Supports remarketing decisions

For vehicles offered through remarketing channels, the book value plays a crucial role in determining the right strategy: sell, hold, or depreciate.


4. Transparency in the sales process

For larger companies or dealerships with multiple locations, entering the book value ensures greater transparency. It provides everyone involved with clear insight into the vehicle’s financial status.


5. Reporting and analysis

With book values entered, your company can generate more accurate reports on margins, profits, and write-downs. This contributes to a more professional and data-driven approach.


Conclusion

Entering the book value isn’t required, but it adds significant value. It helps you make informed decisions, evaluate offers, and improve internal processes.

Need help determining or entering the book value? Feel free to contact our support team at support@carcollect.com.

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