Some brands are better at holding their value than others and a few simple checks to see how much a brand new equivalent would cost, will help you understand how much value a car will lose over time
The better condition your car, the better your odds of retaining its value when you sell. Regular servicing and maintenance is the key to this
Whilst cleaning can really help to maximise the value of a car, great pictures are also very important. Car photos should be in a well-lit, tidy area. Pictures should be taken from a wide variety of angles to maximise the appeal of the vehicle. Make sure you include both interior and exterior shots
Generally, cars with a lower mileage achieve a better sale value than those with high mileage, due to less wear and tear on the vehicle over time
The registration date of the vehicle gives a true indication of the age of the car, and its value. New cars are released twice a year, so its worth checking the month of registration to establish the exact age of the vehicle
Certain car colours can retain their value better than others. However, in terms of the paintwork, the finish is probably the most important factor. Popular car colours can help you retain value. According to The Society of Motor Manufacturers and Traders, white was the most popular car colour in 2014.
The free RAC Value My Car tool gives you a clear indication of how much your vehicle might be worth.
If you're a seller, this is a chance to find out how much you're likely to receive and to price your car accordingly.
If you're a buyer, this free valuation will indicate how much you're likely to pay.
To get started, simply use our tool above.
Ready to sell your car? Well the first question you need to answer is: how much is it worth?
Valuing your car can be useful for all sorts of reasons. As a seller, it helps you set the right price and get the right value. As a buyer it can help you decide whether you're getting value for money.
It also helps to have an accurate idea of the value if you're insuring a car. An accurate quote can ensure you get the best price.
The value of a used car can change based on a number of factors. Private sellers, for example, normally get more than dealer trade-ins. The age, mileage, service history and condition can also affect value. Here are some key things to look out for:
As cars get older they lose their value. Depreciation is one of the most important factors to look at. As a rule, you can expect to lose 60% of your car's value within the first three years. So if you paid £25,000 for a brand new car, it would be worth £10,000 three years later.
The good news is that most of a car's depreciation happens in those early years. After that it slows down a little. However, the rate depends on a number of factors including the make and model of a car, colour and the service history you have. You can find more information on these by visiting the ‘what's the value of my car' tab. For example, Land Rovers and Teslas have been shown to hold their value much better than other makes.
The more miles you drive, the more your car will depreciate. Equally, small scratches and marks can knock money off. It may be worth getting those repaired to push the price up a little.
For that you'll need a free car valuation. This helps you decide whether the increase in value can be worth more than the repair cost.
RAC provides a car valuation tool which is a handy guide for your car's value. You can back this information up yourself by doing research.
● Scour the classified ads for similar makes and models to see what they are being advertised for.
● Consider the age and mileage of your car and how it compares to those on sale.
● Think about where you're selling. If you plan to sell to a dealer, you may get a lower price.
Equally, don't value your car as a private seller by looking at the dealership. They command a premium because they will normally be able to offer warranties.
Our RAC Vehicle Check can provide you even more knowledge around a specific cars' value. It gives you information about the history of a specific car to check it's not been stolen and the mileage is genuine. You'll also get a good idea of the running costs as well as independent What Car? reviews.
Give your buyers all of this information and you'll find that selling your car will be a much easier process.
Here at RAC Cars, we offer a fantastic range of vehicles at the best prices. To help further, we also have a FREE car valuation tool so you'll have an up-tothe-minute price for the market value of your car.
Do you want to buy or sell a vehicle? If so, the first thing you need to do is work out how much it is worth, and the best way to do this is with a free RAC car valuation.
A free car valuation gives you an estimate of the price and might help you decide which car to buy next. You can also use the free valuation tool when selling a car, to ensure you receive the price you deserve.
The valuation will show you the average price that car is likely to sell for, which tells you if you're getting a good deal or not.
The final price will depend on several factors. Some may affect your car more than others, but they will all play a part in how much you receive when the time comes to trade it in.
Want to get started? Here's what to do.
One of the more common questions we hear is how we actually value your car. We can offer this service thanks to our partnership with CDL, who provide RAC with full, reliable vehicle provenance and valuation data. However, ultimately, there are many factors which can influence the results. These factors include:
There are a number of other things to consider alongside valuing a car. For example, has it received regular check-ups and servicing? Those which have received regular check ups tend to be valued higher.
How clean is it? A car could be in great condition, but so dirty that it doesn't attract buyers. It's a shame to miss out because you didn't clean the car.
Are other people interested? Demand drives value. If you have plenty of people interested, then you're naturally in a better bargaining position, than if there's only one interested party.
Your car's history will have a large impact on how much it is worth and how comfortable people will be when buying from you.
Buyers want to see thorough documentation such as servicing records and MOT's, but what if you've lost those? We can help you fill in that missing history.
A free car valuation is a useful tool and it's also recommended to get a high quality vehicle history check, such as the RAC Vehicle Check, for further peace of mind.
Our vehicle history check service brings in reviews from What Car? and more details about how much it costs to run, all you need is the registration plate number.
A number of factors will affect a car's value. Some you can control, others not. However, it's worth putting in the work. A well maintained model will depreciate much more slowly than a similar aged car which had not been cared for. Sometimes it's the small details, such as keeping it tidy, checking the engine regularly or changing the oil - over the years it all adds up.
An older car will naturally be worth less unless they are particularly well-maintained rare vintage models.
There are plenty of other factors which you can control including:
Most depreciation occurs when a car is new. A good, solid used car will hold its value for much longer.
You can find out more about all these factors on our What's The Value Of My Car tab.
You can go a long way to maintaining the value if you just keep the car looking bright and shiny - as if it's new. If you wash it regularly, polish it and give it the occasional wax, the colour will maintain its sheen for much longer.
Rust can also be a problem, especially during winter when there's likely to be more salt on the road. try rustproofing it to protect against those tell tale signs of corrosion which can cause a car's value go fall.
All in all, the buyer's first impressions will count for a lot. You can tell if an older car's been looked after - it still looks bright and shiny despite never having been repainted, so if it looks good on the surface a buyer will be more confident about what lies beneath.
There are many options for selling your car. You can take it to a dealer, who will make the process much simpler, or you can sell it privately. This is much easier than it used to be with a host of sites helping people to sell. These can help you reach a much wider audience and hopefully secure a better deal.
So, what are you waiting for? Many people assume their car's value is beyond their control, but as this advice shows, that's not the case. There's a great deal you can do to ensure it retains as much value for as long as possible. Start with a free car valuation from the RAC.
The RAC Value My Car tool is a free car valuation tool that differentiates between buying and selling a car.
The immediate sale price is provided via We Want Any Car, which buys and sells vehicles quickly and safely online.
AutoTrader is one of the largest automotive websites in the world. AutoTrader offers a free car valuation tool that differentiates between buying and selling a vehicle.
The AutoTrader valuation tool does not provide the buyer/seller with all of the information that they need.
CAP is an online valuation tool that collects millions of pieces of data about thousands of new and used cars in the UK.
The CAP car valuation tool is advertised as being free, however it is only partly free, and you will have to pay to see all of the values and information which therefore limits the results you have access to for free. The tool does, however, differentiate between buying and selling as a result of their up-to-date monthly data collection.
Parkers sell used cars, write reviews and provide a free car valuation tool that is unable to differentiate between buying and selling a car, which means that the results are generic.
AA Cars valuation service is a free tool that provides slightly different results to the other tools. The AA car valuation tool also does not differentiate the results between buying and selling and only offers an immediate sale price.
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