Guide price of used cars

When you have the need to sell the car is, or used vehicle purchase, the valuation car quite a headache sometimes. The following guidelines may be helpful ...

According to calculations by AA insurer in the US, on average, a new car will lose 60% of its value in three years. This means that if three years ago you bought a car costs about $ 38,625 (approximately 840 million), the hour will be sold for only $ 15,450 (about 340 million), ie you "lose "500 million.

However, not all vehicles are under a "roadmap" depreciation of fixed as above. Some car better store of value than the other units, and owners need to know about this important step. Here are some guidelines to help you understand the factors that affect the value of the car, as well as the most accurate vehicle valuations.

Factors affecting the value of the vehicle?

Most cars lose much of the value in the first 3-5 years, and according to the AA estimates, after 8 years, many cars have depreciated more possibilities. Based on the brand, you can easily determine the percentage of the annual value decrease of the vehicle. Glass car valuation service published a report earlier this year about the value of depreciation corresponding to the following car brands:

According to data, the premium car brand tend to hold better value than other ordinary brands.

"Age" and brands are the factors which vehicle owners can not change after buying a car, but a car owner can make a difference based on the level of care when driving. In addition, the number of kilometers the car has gone is what most buyers are most concerned about, and keep low kilometers will help owners ensure a higher price.

Additionally, vehicle maintenance is an important component of maintaining the value of the car, because the car did not have the associated maintenance services will lose 10% of its value compared with the stamp maintenance vehicles. Therefore, the maintenance services and spare parts bill helps the buyer to verify the condition of the vehicle and the time used car.

Also, one more important element is a clean car and no scratches will be priced higher than a "rival" denting other distortion.

The next step is to find out the real value of the vehicle.

How to value the vehicle?

The easiest way to get a rough estimate of the value of your car is surfing a classifieds site and search whether there any car owners are selling your car similar to the past as brand-specific information car, model, year of manufacture ...

On the other hand, you can go through their agents and the estimated value of the vehicle, but may not be exactly as you expect, because the dealer will typically offer a relatively low price.

Of course, only new car owners to understand the true nature of his vehicle and based on the assessment information and prices offered, to be able to add value or lower prices to sell off his car.

Quoc Phan

Source AP