How To Estimate A Used Car Value

The value of a used car depends on a no

The value of a used car depends on a no. of things. Its condition, its mileage, its make, model etc. While determining the value of a used car, one has to consider all these things. A few steps will help you estimating a car value.

1.The better the quality of a car, the more it will be worth. Even the used cars of the major brands have a lot more value than the other ones. These cars are always preferred by more people than the other cars.

2.It is very important to determine the age of a car. The value of a car starts to depreciate from the moment you buy it and it leaves the dealers shop. The older the car gets, the lesser its value becomes. These should be taken to an appraiser or collector to determine value, as it will depend on how many models were originally made, how many still exist and additional factors.

3.To determine the condition of a car, its maintenance, accident history, repairs etc all are considered. A used car in good or like-new condition with a dealer-certified maintenance record is significantly worth more than an identical used car that needs a new transmission and has had three oil changes in 10 years. Even when a car has met with an accident, its value decreases alot.

4.The mileage of a car is also considered. The lower the original mileage, the more is the worth of the car. Lower mileage means that the tear and wear of the car is less.

5.You can compare different car shops too, so that you can get an idea of how much they are selling the same car model for. You should never go for a car which is in worst condition and is sold for less money than the one which is in good shape and is sold for a little more price.

6.Consult the Edmunds, NADA or Kelley Blue Book websites. Kelley Blue Book is the mot common one and is trusted by alot of people. It is very easy to understand. You just have to mention all the details of the car and you will get the estimated value.

7.Estimating the value of a car is not that easy. If you do not enter the correct condition of your car then the estimate will also not be correct.

by: chandan000

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