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Car Valuation factors

Our partnership with CDL enables us to offer free car valuation, which ultimately helps you to get a better understanding of the value of a car you’re looking to buy, or your own car before you sell. This will help you to know what price to list your car or give you a better starting point in negotiating a sale price for your next car. There are many factors that can have an impact on the value of a car, so getting an understanding of this will help you to make more savvy decisions going forward.

Brands

Brand is one of the biggest factors that dictates the value of a car. Certain brands are favoured among car enthusiasts or more popular with the general buying public, whilst others are less desirable. Due to the changing nature of the automotive industry, the popularity of brands regularly goes up and down. Particular brands however, are very dominant, and tend to stay among the most popular makes of car. Some of the most popular manufacturers are Toyota, BMW and Mercedes-Benz, with others such as Ford, Renault and Honda not far behind.

The popularity of some car brands may change due to the infrastructure of certain countries. Places such as Brazil, Russia, India, China and more are expected to become a bigger part of the automotive industry in the future. Preferences within these countries could ultimately influence the overall market share these brands own.

Car colour

Colour is another element that can cause a car’s price to vary. Although it may seem trivial, certain colours are favoured more than others. Safer colours, such as Black, White, Grey and Silver are more popular (70% of global car production) and can result in a better sale.

Use over time

An old car will normally fetch less than a new car of equal standing, unless it’s a well maintained classic car. It makes sense that older cars will have a lower value as newer cars often have better build quality and tend to have more advanced features. However, vintage cars, or vehicles that are well-received can actually gain value over time, almost like a collector’s item. Expensive cars can lose a lot of their value due to how much it takes to run and maintain them regularly.

Miles on the clock is an aspect that can devalue even the most desirable of vehicles. A car that has covered a lot of ground is usually more susceptible to wear and tear. Any repairs that have to be undertaken as a result of this can be costly, and so the sale price is adjusted to compensate for this. Mileage is also judged on a car’s fuel type. Petrol cars are more suited to inner city travel and short trips, whilst diesel cars are designed for long journeys and sustained driving. A petrol car might be judged more harshly than a diesel car with the same mileage because of how they are used.

Other sale factors

The condition of a particular car can have a large bearing on its sale price. For example, a car that has had regular check-ups and servicing will fetch a lot more than a car that has been neglected and is worse for wear. Although this may seem obvious, the principle even applies to the cleanliness of the car in question. A car could be in perfect shape, but so dirty that the buyer would have to spend a substantial amount of money restoring it back to its original state. It would be a shame to lose out on money from your car when all it takes is a little bit of elbow grease to make your car shine like new.

Additionally, the volume of interest you have in your car when you sell can help you leverage your position in the sale. If you have a good number of interested parties you’ll have more clout when it comes to negotiating, so taking great pictures of your car and adding them to your listing with a good description can help you increase the number of viewings you get.