A car's Value

factors  that affect 

4

Mileage

A vehicle’s odometer reading  can be one of the most significant factors in its resale value. If the car’s odometer reading is much higher in relation to the vehicle’s age,  its value could take a hit. 

1.

condition& history

Other major contributors to a vehicle’s value are its current condition and past accident history. Even minor damage like scratches and dents can lower the vehicle’s value. Additionally, broken tech, stained or torn seat fabric, and rust will not help a vehicle’s value.  

2.

Market & Fuel Prices

Fuel prices also play a role in a used vehicle’s value. When gas prices drop, demand for larger vehicles like full-size SUVs and pickup trucks rise, leading to increased value. Alternatively, as gas prices climb, fuel-efficient cars become more desirable and valuable. 

3.

Brand Appeal

Used cars with a reputation for solid reliability typically hold more value than those that fall toward the bottom of that list. Popular brands and models that offer a wide appeal will typically hold more value than less desirable cars. 

4.

Maximizing a car's value

• Have maintenance performed at regular intervals and keep documentation from those visits. 

• Make sure upholstery stays clean, limit stains and scratches.  

• Drive less and drive carefully;  the fewer the miles and accidents, the higher the value.  

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