Everyone wants to get a high price for their car. So how do you know if it’s worth it to sell your used vehicle? We look through a few factors when we decide how to appraise the car.
- Year – The newer a vehicle the better condition it’s likely to be in. Plus newer vehicles are usually built to be safer. A car like any other item ages so the resale value decreases over time. This is because there is more chance of damage after longer use.
- Make – This refers to the company that made the car and is often thought of as the brand. Popular car makes include Tesla, BMV, Bently, Honda, etc. The make of the car gives the vehicle some prestige because of the name. Similar to how people like branded clothes cars with a well-known make will be paid more for.
- Model – A brand may have many cars but a model refers to a specific line of cars from the company. For example when people say Honda Civic. Honda is the car maker and Civic is the car model. Each brand has a variety of model cars so the prices depend on this factor as well.
- Trim – This refers to additional car features. Some examples include a better sound system, heated seats, detachable roofs, etc. The more additions found on the car the better the price will be. So if you have anything that makes your car different be sure to add that in the explanation.
- Kilometrage – The longer a car has run the more kilometrage the car accumulates. Even a 32,180 increase in km means a 20% depreciation in the cost of the car. So the less the car has been driven the more money you can expect to receive.
- Catalytic Converter – This device is used to reduce the effects of exhaust fumes. It chemically changes the gas into something less harmful to humans. We pay more for cars with the original catalytic converter as we are certain they would be a high-quality part. This means they will do their jobs properly.
- Wheels – Whether your wheels are steel or aluminum can make a difference in the price of your carl. Each material has its own pros and cons. But steel is more expensive as it has a higher resistance to damage and is easier to maintain.
- Drivable – If the car is having trouble functioning and doesn’t even start then the price for it will be lower than a car that can drive. A drivable car shows that the vehicle is in good shape and that the parts are working the way it should be.