A Couple of Factors Affecting Your Used Car's Value

by Eva Spenser Innovation

An authorised online vehicle review site estimates that 40 million used cars are sold annually. The agencies monitoring those transactions offer a priceless resource - detailed statistics on what sells and for how much. To ensure they are receiving a good or at least a fair deal, everyone who wants to earn good cash for used cars in Perth needs to be aware of these numbers. Also, the condition, mileage, location, and colour of the car are just a few of the variables that might determine how much your car is worth. To know them in detail, keep on reading the post.

Condition and mileage

The mileage and condition of an old car, in short, determine its price. It goes without saying that wear and tear also rise with the mileage. This means a buyer would be less likely to pay a hefty sum for a car with 20,000 miles than one with 30,000.

Although the condition is more individualised than mileage - someone selling a durable, accident-free car with paint blemishes and surface rust may describe it as superb, while most buyers might describe it as fair to average - it is equally crucial to determining value as miles.

Special considerations when valuing a used car

Although there are many factors that impact a used car's value, mileage and state are the most significant. When it comes to earning maximum cash for used cars, options, location, and colour are the next determining factors. But such guidelines aren't etched in stone; what applies to a manual-shift racing vehicle could not apply to the family truckster.

These are a couple of factors that affect the value of your used car. If you find this discussion useful, don’t forget to share it with your friends, and get back to us for more posts like this!