When you aim
to sell your cay, it is much important to check the value of a car instead of
its price. The value actually helps in determining and therefore appreciating
or depreciating the final price. Being aware of the value of a big investment
like your car thus becomes very important.
Whether you
are looking to sell your old car, trade in your vehicle for a new one or buy a
new one, a proper car valuation is necessary. In a professional car valuation, you will be told about
the value of your vehicle and the price you can hope to charge in the market.
The different parameters on which a value my car is determined - although differing
from dealership to dealership - consist of the following.
Make: Brand matters. The value of a car depends a
lot on the brand or the make of the vehicle. A reliable brand will definitely
command more price.
Model: Some car
models become flag bearers of certain time periods and thus remain ever
popular. On the other hand, the hype surrounding some models fizzle out and
these are treated as pariahs of the used car market.
Age: The age of
the car is, obviously, a critical point in determining its value and thus its
price. An older car (if not a vintage) will be priced lower than a newer model.
Mileage: The amount
of distance the vehicle has covered also has a bearing on the amount you can
get for it. The rule of thumb says - the more the mileage on the car, the
lesser the market value.
Accidents: If the car
has ever been involved in an accident, its value goes down drastically. No one
will want to buy a damaged car. Even if there is no apparent damage, it will be
hard to find a person who will risk a large amount of money on something that
he perceives as damaged.
Overall condition: The look of
the car is certainly very important. Although the outside has very little
bearing on the performance and efficiency of the car, we humans tend to judge
most things by their looks and thus a clean and damage free vehicle will be
able to net you a better price.
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